A Conversation With Joe Luter III Chairman and Chief Executive Officer
Under his leadership the company has grown into the world’s largest hog producer and pork processor. Smithfield gained 14 percent of the U.S. marketshare thanks to its recent acquisition on the beef side. Luter is prospecting on the European front these days. Smithfield’s international business currently includes Animex, Poland (largest meat and poultry processing operation in Poland and producer of Krakus ham); Jean Caby Group, France (branded and private label processed meats for retail and foodservice); two joint ventures with Morson, Mexico (vertically integrated pork producer and processor) and AFG China (produces, sells, and distributes processed meats to retail and foodservice); and Campofrio, Spain (processed pork products), the most recent acquisition of 22 percent ownership.