Stan Reid will succeed Joel Sappenfield, who recently left the company.

The company will invest an additional $550 million in the project.

The company plans to start making the changes in March 2021.

The meat producer said this will help it stay on the offensive as the virus continues.

The focus will be on marketing, sales and the supply chain in the coming year.

The meat processor will maintain a “significant stake” in the company.

The policy is retroactive to March 1, the company said.

The company is working to make its cultured meat more economically viable on a larger scale.

A Butchery Shoppe showcases premium bacon at its rustic retail store.