Swift Foods Inc. Appoints Ms. Agnes C. Reyes to the Board
November 25, 2016 at 02:51 pm
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Swift Foods Inc. announced that on 24 November 2016, during the regular meeting of the Board, in order to fill in the vacancy in the Board, a majority of the directors elected Ms. Agnes C. Reyes as the seventh member of the Board, to serve the unexpired term of Ms. Antonette Palma. With Ms. Reyes' election, all the seven (7) seats in the Board are now filled in. Effective date of appointment is November 24, 2016. Ms. Agnes C. Reyes concurrently acts as the Issuer's Treasurer.
Swift Foods, Inc. is engaged in the business of manufacturing, marketing, and distributing processed and canned meat products, poultry products and commercial feeds. The Company's agribusiness division produces and sells poultry products: live and dressed/ processed chicken. The Company's poultry production involves two processes: broiler growing operations and dressing/processing operations. Day-old chicks are bred in rented farms and contract growers' farms for about 32 days. Harvested broiler chickens are sent to the rented dressing plant for slaughtering/processing. The Company's contract growers provide services: housing for the birds that meet the Company's requirements and broiler specifications; labor for day-to-day operations of the farm; and overhead costs such as water, electricity, and fuel. The Company's poultry production facility consists of one broiler farm located in Tanay, Rizal.
SWIFT FOODS, INC. 
