“George’s experience and leadership will be valuable as we bring these two companies together and work to generate cost synergy benefits of $200 million within three years,” Hayes said. “An effective integration is an extremely important part of our strategic focus on sustainably feeding the world with the fastest growing portfolio of protein packed brands.”
Chappelle will manage the Integration Management Office and will lead all aspects of the integration of AdvancePierre. He will also continue to lead operations for AdvancePierre.
Chappelle joined AdvancePierre as senior vice president of its supply chain in 2014 and became COO in 2016. He previously held operations and information technology leadership roles at Solo Cup, Sara Lee Foods, Heinz and the Gillette Company.
Chappelle earned a Master’s in Applied Management at Lesley College in Cambridge, Massachusetts, and a Bachelor’s in information technology from Westfield State College in Westfield, Massachusetts.
Tyson Foods Inc. announced the completion of its acquisition of AdvancePierre Foods Holdings Inc. on June 8. Tyson Foods completed a tender offer to buy all the outstanding shares of AdvancePierre common stock for $40.25 per share in cash, without interest. The total value of the transaction was approximately $4.2 billion. AdvancePierre is now a wholly owned subsidiary of Tyson Foods, and its shares will cease to be traded on the New York Stock Exchange.
