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Additionally, J.R. Simplot Co. paid club membership fees of various
Simplot family members.
Several partnerships, joint ventures, and companies owned by
J.R. Simplot Co.'s class A voting shareholders were created in
conjunction with J.R. Simplot Co.'s businesses. These entities did
all or substantially all of their business with J.R. Simplot Co.
As of the valuation date, these entities owned, among other things,
food storage facilities, office buildings, livestock, agricultural
and development real estate, and grazing rights (see supra note 1).
E. Management
As of the valuation date, J.R. Simplot Co.'s management
structure was as follows:
Name Position
J.R. Simplot Chairman
Gordon C. Smith President and chief executive officer
Lawrence E. Costello Vice president of finance and chief
financial officer
James D. Crawford Corporate treasurer
Stephen A. Beebe President of the Food Products Group
Donald D. Pottinger President of the Minerals and Chemical
Group
Tom Basabe President of the Agricultural Group
Ray G. Kaufman President of the Diversified Products
Group
Ronald N. Graves General counsel and corporate secretary
Nonfamily members have served on the board of directors for
several decades.
In 1993, there was a change in both the chairmanship and
presidency of J.R. Simplot Co. J.R. Simplot retired as chairman of
the Company, and thereafter an office of the chairman, composed of
Don, Gay, Scott, and decedent's son, was established.
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