June 9/Smithfield, Va./PRNewswire-FirstCall -- Robert W. Manly IV, executive vice president of Smithfield Foods Inc., has been named to the additional position of chief financial officer, effective July 1.

Manly is a 30-year veteran of fresh pork processing, packaged meats and live hog production. He rejoined Smithfield Foods as executive vice president in August of 2006 after 10 years as president and chief operating officer of Premium Standard Farms. He arrived at PSF in 1996, just days after the company emerged from bankruptcy. Under his leadership, PSF became the second largest integrator in the hog production industry and launched a successful initial public stock offering in 2002. PSF was eventually acquired by Smithfield in 2007.

Prior to being president of PSF, Manly served as executive vice president at Smithfield Foods from 1986 to 1996 and was president of Smithfield Packing Company from 1994 to 1995. He was assistant to the president of IBP Inc. from 1981 to 1986. Earlier, Manly held various positions in the beef processing and cattle feeding industries. He is a graduate of Stanford University and holds an MBA from Harvard Business School.

"Bo Manly's unique mix of financial, operating and general management experience along with his broad understanding of the industry will bring further strength to the finance organization", said C. Larry Pope, president and chief executive officer. "His experience as president and chief operating officer of Premium Standard Farms, a publicly traded company, is demonstrative of the breadth of his management and operational background. He and I have a long-standing relationship, and he is a valued advisor," he said.

Since his return to Smithfield Foods in 2006, Manly has had varied responsibilities, to include domestic corporate operating activities, interim chief financial officer and, most recently, international hog production and meat processing. He will retain responsibility for international hog production operations, as well as integrated plant operations in Mexico and Romania.

Carey J. Dubois, who has been serving as vice president and chief financial officer, will move to vice president, finance, a new position. In his new role, Dubois will continue to manage most of his current finance functions including treasury, risk management, planning and benefits. He has over two decades of financial experience with Bunge Limited, Pepsi Bottling Group, Joseph E. Seagram and Sons, and Louis Dreyfus Corporation.

"Carey has made significant contributions to our company. His financial expertise as well as broad knowledge in the areas of international business and mergers and acquisitions has been invaluable as we have made several major acquisitions in recent years," said Pope. "We are counting on him to continue being an integral part of leading some very important aspects of the finance team," he said.

From the June 23, 2008, Prepared Foods e-Flash