Swift Foods Inc. president and chief executive officer (CEO), Luis Bernardo A. Concepcion, tendered his resignation during the regular meeting of the board April 30, 2013. Mr. Concepcion's resignation was due to personal reasons, and to take effect on May 31, 2013. Mr. Concepcion was elected Swift Foods president and chief operating officer in 1996.

He had also served as president of the Philippine Association of Broiler Integrators from 1988 to 1989, and is currently co-chairman of the Bishops Business Conference Committee on Food Security. Francisco A. Segovia was appointed by the board as the new president and CEO of the issuer, to take effect on June 1, 2013. Mr. Segovia is a Swift Foods director and vice-chairman of Rizal Lighterage Corp.