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U.S. Premium Beef CEO stepping downThe president and CEO of U.S. Premium Beef is stepping down at the end of this month after 17 years in the position. Steve Hunt will step aside Jan. 28 and assume an advisory role with the company at that time. The USPB Board of Directors has named Stan Linville, currently the company's executive vice president and chief operating officer, as the new CEO. USPB Board Chairman Mark Gardiner, a cattleman from Ashland, Kan., said Hunt's visionary leadership has had a significant impact not only on unitholders and associates who have marketed cattle through the company, but on the entire U.S. beef industry. Hunt helped create a system that rewards ranchers and feeders for producing quality beef. "His efforts helped connect the dots between producers and consumers with dollars and cents," said Gardiner. Hunt is optimistic about the company's future and looks forward to his continued involvement. "We have a great company with highly capable management and a new partnership with Leucadia that is exciting and full of opportunities," said Hunt. More than 1,400 feedyards in 14 states have sent cattle through the USPB system since the company began operations in 1997. During delivery year 2012, all USPB cattle averaged $55.66 per head in premiums over the cash market. Date: 1/7/2013
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