Smithfield Foods CEO C. Larry Pope to retire on Dec. 31

Smithfield Foods, Inc. CEO C. Larry Pope is stepping down at the end of the year.

SMITHFIELD, Va. (AP) — Smithfield Foods, Inc. CEO C. Larry Pope is stepping down at the end of the year.

The Smithfield, Virginia-based pork producer says Pope will retire on Dec. 31. President and chief operating officer Kenneth M. Sullivan has been named to succeed Pope.

Pope has served as Smithfield's chief executive officer for nine years. He joined the company in 1980 as a controller.

Sullivan joined Smithfield in 2003 and has held several positions, including chief financial officer and vice president of finance.

Smithfield announced Pope's retirement on Monday in a news release.

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