Tyson Foods To Get New CEO

SPRINGDALE (KFSM) — Tyson Foods will have a new CEO at the end of the year.

The company announced in a press release that current CEO Donnie Smith will be succeeded by Tom Hayes on Dec. 31.

Hayes currently serves as the president of Tyson Foods, and he will continue to do so after the transition, the release states. He has also been appointed to the board of directors.

Smith will be available to consult with the company for three years.

“The Board’s decision to name Tom CEO at this time was based on both his track record and how his skills align with the company’s strategic direction and continuing evolution,” said John Tyson, board of directors chairman. “The Board has the utmost confidence in Tom’s ability to build on the platform Donnie has created, to expand further into developing markets, new product categories and proprietary food experiences, and to continue investing in our core nine categories.”

2 comments

    • Mike Haring

      The story is true and accurate as posted. The price of the stock doesn’t modified the story. In fact the stock was up 26% on the year. Would you be happy if the story said CEO stepping down, Stock up 11% on the yr.

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