Tyson Foods Announces Donnie King to Succeed Dean Banks as President and CEO
June 02 2021 - 6:55AM
Tyson Foods, Inc. (NYSE: TSN) announced today that Chief Operating
Officer Donnie King has been named President and Chief Executive
Officer, effective immediately. Current President and CEO Dean
Banks is leaving the company and board for personal reasons.
“The board and I know that Donnie has a deep
understanding of our business, values and culture and the solid
leadership skills needed to continue to implement our strategy and
deliver strong results,” said John H. Tyson, chairman of the board.
“We want to express our appreciation to Dean for his contributions
as a board member and executive.”
“Being a part of Tyson Foods has been a very
rewarding experience,” said Banks. “Upon deep personal reflection,
and discussions with my family, the board, and my colleagues, I
believe that stepping down and concentrating on my family is the
right decision at this time.”
“I’m humbled but excited about leading Tyson
Foods, a company that feeds millions of people and means so much to
me personally,” said King. “I believe we need to be sharply focused
on operating with excellence, executing our strategies, and
continuing to innovate across our businesses throughout the world.
With our strong leadership team, we are committed to winning with
our customers and delivering an outstanding team member
experience.”
King has more than 36 years of experience in the
protein business, holding a variety of executive leadership
positions involving virtually all facets of the company including
poultry, beef, pork, prepared foods and international. He has also
provided executive oversight of other important areas, such as food
safety and quality assurance, health and safety, continuous
improvement, engineering, and supply chain. About Tyson
Foods, Inc.Tyson Foods, Inc. (NYSE: TSN) is one of the
world’s largest food companies and a recognized leader in protein.
Founded in 1935 by John W. Tyson and grown under three generations
of family leadership, the company has a broad portfolio of products
and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®,
Wright®, Aidells®, ibp®, and State Fair®. Tyson Foods innovates
continually to make protein more sustainable, tailor food for
everywhere it’s available and raise the world’s expectations for
how much good food can do. Headquartered in Springdale, Arkansas,
the company has 139,000 team members. Through its Core Values,
Tyson Foods strives to operate with integrity, create value for its
shareholders, customers, communities and team members and serve as
a steward of the animals, land and environment entrusted to it.
Visit TYSONFOODS.COM to learn more.
Contact: Gary Mickelson,
gary.mickelson@tyson.com, 479-236-9022
Category: IR
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