National Beef Packing Company, LLC, (National Beef) announced that Tim M. Klein has been named President and Chief Executive Officer (CEO) of National Beef, and has been appointed to the Board of Managers of the company. Tim had previously served as company President and Chief Operating Officer since 1997. John R. Miller, who has been the CEO of National Beef for the past seventeen years, will take on a new role as a consultant to the company and will retain his position on the Board of Managers.

“We have had a succession plan in place for years which included the continued development of our management staff to fulfill the leadership needs of an ever changing and growing company,” Steve Hunt, chairman of the Board of Managers of National Beef and CEO of U.S. Premium Beef, LLC, explained in making the announcement. “We are fortunate to have the depth of experience and expertise within our company that makes it possible to plan for succession from within.”

“John and Tim have been extraordinary founders and leaders of our company,” Hunt added. “Their accomplishments and the accomplishments of all of our employees are unparalleled in the industry. This succession transition of management is the culmination of much foresight and planning to insure National Beef’s continuation as a premier beef processor in the United States.”

“I am excited to have this opportunity and I am confident this transition aligns our company to meet the challenges we face in our industry while continuing to build on the growth and successes we have achieved,” Tim Klein added. “I have been fortunate to have worked with John these past 17 years, during which time National Beef saw extraordinary growth and profitability. I look forward to drawing on his expertise as we continue to pursue our vision for the company.”

“This is a tremendous opportunity for our company to transition its management leadership to best position National Beef to compete in the world market for high quality, value-added beef products,” John Miller noted. “The experience Tim brings is widely recognized in our industry. Having him lead National Beef should assure our cattle suppliers and beef customers who purchase our products around the world that National Beef will maintain the commitment it has always had to meet their needs in the future.”

National Beef Packing Company, LLC, based in Kansas City, MO, has operations in Liberal and Dodge City, Kansas; Brawley, California; Hummels Wharf, Pennsylvania; Moultrie, Georgia, St. Joseph, Missouri and Kansas City, Kansas. National Beef processes and markets fresh beef, caseready beef and beef by-products for domestic and international markets. In fiscal year 2008, National Beef generated sales of $5.8 billion and processed 3.8 million head of cattle.

U.S. Premium Beef, LLC, (USPB) is the majority owner of National Beef Packing Company, LLC, a leading U.S. beef processor. More than 2,100 producers from 36 states have marketed cattle on USPB’s quality-based grids. These high quality cattle are the foundation of National Beef’s value-added product lines and have enabled it to be a leader in branded product programs for both domestic and international markets.