AdvancePierre Foods Appoints Christopher D. Sliva As President And Director; Announces Executive Promotions

AdvancePierre Foods (NYSE:APFH) ("AdvancePierre"), a leading national producer and distributor of sandwiches, sandwich components and other entrées and snacks, today announced that its Board of Directors has approved a succession and transition plan for its Chief Executive Officer position. As a part of the plan, the Board announced that effective November 14, 2016, Christopher D. Sliva will be appointed President and also will join the AdvancePierre Board of Directors. On March 31, 2017, current AdvancePierre Chief Executive Officer John Simons will retire and will be succeeded by Sliva. Simons will remain a member of AdvancePierre's Board following the transition.

Additionally, AdvancePierre today announced the promotions of George Chappelle and Jim Clough. Chappelle, previously Senior Vice President, Supply Chain & Corporate Development, has been appointed Chief Operating Officer. Chappelle will be responsible for overseeing the company's manufacturing operations and supply chain as well as all business development activities including acquisitions, divestitures and other strategic projects. Currently President of the Foodservice business unit, Clough will expand his role and become the company's first Chief Commercial Officer. Clough will continue to lead the Foodservice business unit as President and will have additional leadership responsibilities related to the company's customer-centric efforts. Both of these promotions reflect the Company's ongoing commitment to these critical business functions and their contributions to AdvancePierre.

Regarding Simons' transition, Dean Hollis, Chairman of the Board, said: "John has been instrumental in transforming AdvancePierre's culture into one focused on collaboration and excellence and in building a world-class management team. Under John's leadership, AdvancePierre has implemented the APF way, our sustainable improvement program which transformed our business performance and enhanced our margin profile. We look forward to continuing to benefit from John's experience and guidance as Chief Executive Officer throughout the transition period."

Simons commented: "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. I am looking forward to working alongside Chris over the coming months, and I am confident that the future is bright for AdvancePierre."

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