Tyson Foods Announces Donnie King as new President and CEO
Tyson Foods has announced that Chief Operating Officer Donnie King has been named President and Chief Executive Officer. Current President and CEO Dean Banks is leaving Tyson Foods, for personal reasons.
The company is headquartered in Arkansas, USA, has a revenue of $42b and is best known for animal meat products such as Hillshire Farm, Raised and Rooted and Wunderbar.
Tyson Foods new CEO is ready for “the protein business”
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.
“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.”
Former Tyson Foods CEO “concentrating on family is the right decision”
“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.”