- Significant signs for push-out forces
- After almost four years on the job
- Laud and praise for Simons
- Chris Sliva takes over
(management-change.com) — Cincinnati, Ohio, November 09, 2016 — John Simons, chief executive of AdvancePierre, leaves. His departure is made public at an early stage. As announced by AdvancePierre Foods Holdings, Inc. in a news release on Wednesday, November 09, 2016, John N. Simons leaves the post as Chief Executive Officer at the producer and distributor of sandwiches in a surprising move after almost four years on the job, effective March 31, 2017.
Simons’ duties are taken over by Chris Sliva, a former President and Chief Operating Officer at TreeHouse Foods, Inc.
The fact that Simons’ successor is brought in from outside suggests that the board may seek to stimulate change with fresh ideas and new initiatives.
The move is part of a management shake-up.
“Now is the right time to initiate this change”
Simons’ departure is explained as follows. Simons said: “AdvancePierre is on a solid and steady path for continued success. I’m extremely proud of our team’s many accomplishments over the past several years, perhaps most notably around our successful NYSE debut and the work that followed to establish AdvancePierre on strong footing as a public company. For all of these reasons, I came to the decision that now is the right time to initiate this change, and the Board agreed that a smooth transition beginning with Chris’ appointment as President was the ideal next step.”
AdvancePierre said: “On March 31, 2017, current AdvancePierre Chief Executive Officer John Simons will retire and will be succeeded by Sliva.”
Precise information about the future plans of Simons was not immediately available.
Chaired by Dean Hollis
AdvancePierre Foods Holdings, Inc. is chaired by Dean Hollis.
Dean Hollis has served as director since 2008. Hollis presently serves as a senior advisor for Oaktree.
Prior to retiring in 2008, Hollis served as the President and Chief Operating Officer of the Consumer Foods Division of ConAgra Foods from December 2004 to July 2008.
On the job as CEO since 2013
John N. Simons, Jr. became AdvancePierre’s Chief Executive Officer, President and a member of the board of directors in October 2013.
Prior to joining AdvancePierre, Simons led Fir Hill Ventures, LLC, a consulting firm founded by Simons that advises beef industry participants on developing domestic and international growth strategies, from December 2010 to October 2013.
Prior to his leadership at Fir Hill Ventures, Simons served in a variety of leadership roles in agribusiness, food and consumer products at Gregory Mountain Products, Swift & Company, Inc., ConAgra Foods, Inc. and Cargill, Inc.
Simons was President and Chief Executive Officer of Gregory Mountain Products from 2006 to 2009, President and Chief Executive Officer of Swift & Company, Inc. from 2002 to 2005 and President and Chief Operating Officer of ConAgra Foods’ red meat division from 1999 to 2002.
Prior to joining ConAgra Foods, Simons held a variety of general manager roles at Cargill, Inc. in the United States, Canada and Australia from 1991 to 1999.
Simons previously served on the board of LiveNation Entertainment, Inc. from 2005 to 2007, where he chaired the compensation committee and served on its audit committee.
Simons holds a Bachelor of Arts in Economics and Political Science from Stanford University and a Master of Business Administration from Harvard University.
Simons will remain a member of AdvancePierre’s Board following the transition.
No bad blood
The fact that Simons is staying on as a director would suggest there’s no bad blood with the board.
Significant signs for push-out forces
It is not completely certain what forces eventually triggered John N. Simons’ move.
The Push-out Score™ determined by management-change.com suggests significant signs for push-out forces that may have contributed to the management change.
Read the full story in the management-change.com report 42.2016 ($).