Seaboard Names Robert Steer President and CEO, Announces Board of Directors Appointments

MERRIAM, Kan. — Seaboard announced on Monday, July 20, that its Board of Directors has appointed Ellen S. Bresky as a director and Chairperson of the Board, filling the vacancy previously held by her late husband, Steven J. Bresky.

In connection with this appointment, the Board also appointed Douglas W. Baena, who is currently an independent director and Chairman of Audit Committee, to be Lead Director, with responsibility to act as liaison between the Board and Company management.

Seaboard also announced that the Board elected Robert L. Steer, the Company's current Executive Vice President and Chief Financial Officer ("CFO"), to the office of President and Chief Executive Officer, effective immediately, to succeed Mr. Bresky.

Mr. Steer has served as Executive Vice President and CFO of the Company since April 2011, and he has been with the Company for more than 35 years serving in various capacities. Mr. Steer will also continue to serve as CFO until a successor CFO is identified and appointed.

Seaboard also announced that the Board elected Jacob (Jack) A. Bresky, son of Steve and Ellen Bresky, to the office of Vice President-Business Development. Jack Bresky has been with Seaboard for more than seven years.

Ms. Bresky and Mr. Baena stated: "We are confident that these appointments will provide continuity for Seaboard's businesses and will enable Seaboard to continue the legacy of the late Mr. Bresky, Seaboard's former President/CEO."

About Seaboard Corporation

Seaboard Corporation is a diversified international agribusiness and transportation company, primarily engaged in domestic pork production and processing and cargo shipping. Overseas, Seaboard is primarily engaged in commodity merchandising, flour and feed milling, produce farming, sugar production and electric power generation.

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