Smithfield Foods names new CFO

Mark Hall, Smithfield Foods Inc.’s executive vice president of finance, has been promoted to chief financial officer and will start in the role on Jan. 1, 2023, the nation’s largest pork product manufacturer and hog producer announced Tuesday. The company’s current CFO since 2015, Glen Nunziata, will leave Smithfield Foods at the end of this year.

With 25 years of experience in the food industry, Hall will oversee finance, accounting, treasury, tax, risk management and serve as principal accounting officer. He started at Smithfield in 2014 as vice president of finance for the John Morrell & Co. A year later, he was promoted to vice president of finance for Smithfield’s combined packaged meats business. In 2019, he was promoted to senior vice president of finance for Smithfield’s fresh pork and packaged meats business. He started his current role, executive vice president of finance, in 2020. Hall began his career in public accounting at Arthur Andersen LLP and worked in equity research for Legg Mason Wood Walker Inc. He has also held finance positions with The Quaker Oats Co. and McCain Foods USA Inc.

“Mark is well prepared for his new role and brings a depth of experience, including serving for the last eight years in senior leadership positions on Smithfield’s finance team,” Smithfield President and CEO Shane said in a statement. “We are fortunate to have a deep bench and look forward to a seamless transition of responsibilities over the next few weeks.”

Smith also spoke highly of Nunziata. “During Glenn’s tenure, we have become a better company, achieving new levels of operational excellence and a strengthened balance sheet while growing organically and through acquisitions to become a world-class protein company. We thank Glenn and wish him all the best in his next chapter.”

Nunziata said, “Serving Smithfield for seven years as CFO and for 10 years during my previous role with Ernst & Young has been the highlight of my career. The future is bright for the company, and I am thankful for the opportunity to have worked alongside so many talented people committed to a worthy mission to produce good food the right way. I plan to take some time to consider the next phase of my career.”