In this file:
· Tyson shakes up leadership, organization chart
Out is Donnie King, president North American Operations, Sara Lilygren, EVP, Corporate Affairs, and Gary Cooper, chief information officer.
· In Tyson shake-up, 3 execs leaving
… Tyson has been moving more and more toward further processed foods, where profits are solid and predictable, and away from commodities like chicken, beef and pork that are far more volatile…
· Media Release: Tyson Foods Announces Proven New Team to Lead the Way Forward
“These important changes better align our management structure to our purpose and strategy”
Tyson shakes up leadership, organization chart
About: Tyson Foods Inc. (TSN)
By: Stephen Alpher, SA News Editor, Seeking Alpha
Feb. 14, 2017
· Out is Donnie King, president North American Operations, Sara Lilygren, EVP, Corporate Affairs, and Gary Cooper, chief information officer.
· Currently heading up International, Sally Grimes becomes president, North American Retail. Current president for Fresh Meats, Noel White is promoted to COO. Current president, Retail Packaged Brands, Andy Callahan is promoted to president, North American Foodservice and International.
· They will all report to President and CEO Tom Hayes.
In Tyson shake-up, 3 execs leaving
By John Magsam, ArkansasOnline
Feb 15, 2017
Tyson Foods is establishing a new leadership team to focus on consumers, customers, technology and sustainability, the company said Tuesday.
The new structure includes a senior leadership team of 10, including three former Hillshire Brands employees, all reporting directly to CEO Tom Hayes. Three long-time Tyson executives are leaving the Springdale-based company as a result of the shake-up.
A former Hillshire Foods executive himself, Hayes moved up to the company's top spot at the first of the year. Tyson acquired Hillshire, along with its many well-known brands such as Jimmy Dean and Ballpark, in 2014 for $7.7 billion. Hayes replaced Donnie Smith, who saw company shares leap in value during his time as CEO.
Ken Shea, a senior analyst of food and beverages at Bloomberg Intelligence, called the move striking, saying the shift puts more former Hillshire executives in top spots and likely points to the company moving further into the realm of value-added products.
"They are deepening their bench," he said.
According to a release, the new leadership team has diverse experience that will benefit Tyson moving forward and is structured to allow for and encourage collaboration and agile decision-making.
"These important changes better align our management structure to our purpose and strategy. This new structure will facilitate efficiency and growth as well as lay the foundation for strong leadership and management continuity," Hayes said in a statement. "I'm deeply proud that were were able to fill most of these roles from within, tap the abundance of talent and dedication we have here at Tyson Foods."
Barry Goldberg, owner of Little Rock-based Entelechy Partners, which works globally on consulting, training and coaching leaders, said the change in the top spots at Tyson will have a trickle-down effect with the company's lower tiers of leadership.
"Folks will have to relearn what success looks like," he said.
He said the result will be a short-term shake up, but it will take a while to determine how successful the new leaders and the direction they take the company will be. In the end, business success will show if the shift was effective.
"The proof of the pudding is in the eating," he said.
The three former Hillshire Brands employees on the leadership team are Sally Grimes, president of North American retail; Andy Callahan, president of North American food service and international; and Mary Oleksiuk, chief human resources officer.
Noel White, chief operations officer; Monica McGurk, chief growth officer; Dennis Leatherby, chief financial officer; Scott Rouse, chief customer officer; David Van Bebber, general counsel; and Devin Graham, the interim chief technology officer all were Tyson employees before the Hillshire acquisition. One post, the chief sustainability officer, remains open.
A Tyson spokesman said seven of the nine named leadership posts will be based in Northwest Arkansas.
Leaving Tyson are Donnie King, president, North American Operations; Sara Lilygren, executive vice president, corporate affairs; and Gary Cooper, chief information officer. The news release states the departures will be effective over a period of months.
King joined Tyson in 1982, holding several positions over the years including poultry plant manager and president of prepared foods, customer and consumer solutions, according to the Tyson website. Lilygren joined the company in 2002. Cooper's LinkedIn page shows he started at Tyson in 1985.
Bob Williams, senior vice president and managing director of Simmons First Investment Group, said it's not unusual for a new CEO to select his own team of top executives. He said the makeup of the new team is interesting and blends the strength of Tyson before the Hillshire acquisition and after.
For decades, Tyson has been moving more and more toward further processed foods, where profits are solid and predictable, and away from commodities like chicken, beef and pork that are far more volatile, Williams said...
Tyson Foods Announces Proven New Team to Lead the Way Forward
Enhanced Structure Positions the Company for Growth by Elevating Focus on Consumers, Customers, Technology and Sustainability
Leaders to Report Directly to President and CEO Tom Hayes
Source: Tyson Foods Inc
via Nasdaq/GlobeNewswire - February 14, 2017
SPRINGDALE, Ark., Feb. 14, 2017 (GLOBE NEWSWIRE) -- After the most successful quarter in company history, Tyson Foods, Inc. (NYSE:TSN) continues to shape a bright future as one of the world’s largest food companies. Today, the company unveiled a proven, new enterprise leadership team to propel the company forward and accelerate growth. The talented new team brings together deep and diverse experience, and establishes leading capabilities for Tyson Foods along the entire food value chain, from agriculture to dining culture.
Tyson Foods’ new senior leadership team will increase focus on consumers, customers, technology and sustainability. Clear priority and accountability in these four areas, coupled with a structure designed for collaboration and agile decision-making, position the company for continued success in a changing market.
Members of the new leadership team, who will report to President and CEO Tom Hayes, include:
Sally Grimes, President, North American Retail
Andy Callahan, President, North American Foodservice & International
Noel White, Chief Operations Officer
Monica McGurk, Chief Growth Officer
Dennis Leatherby, Chief Financial Officer
OPEN, Chief Sustainability Officer
Scott Rouse, Chief Customer Officer
David Van Bebber, General Counsel
Devin Graham [Interim], Chief Technology Officer
Mary Oleksiuk, Chief Human Resources Officer
In connection with these appointments, Tyson Foods announced the departure of Donnie King, President North American Operations; Sara Lilygren, Executive Vice President Corporate Affairs; and Gary Cooper, Chief Information Officer. These departures will be effective over a period of months to allow sufficient time for a seamless transition.
“Today’s announcement underscores our commitment to having the best possible management team in place, which will be crucial to achieving our objectives and continued excellence,” said Hayes. “On behalf of the Board and management, I would like to thank Donnie, Sara and Gary for their hard work and meaningful contributions to Tyson Foods. As a result of their efforts, we are well positioned to execute against our priorities and realize long-term value for our stakeholders. We wish them well.”
Hayes added, “These important changes better align our management structure to our purpose and strategy. This new structure and will facilitate efficiency and growth, as well as lay the foundation for strong leadership and management continuity. I’m deeply proud that we were able to fill most of these roles from within, tapping the abundance of talent and dedication we have here at Tyson Foods.”
About Tyson Foods, Inc.
Tyson Foods, Inc., with headquarters in Springdale, Arkansas, is one of the world's largest food companies with leading brands such as Tyson®, Jimmy Dean®, Hillshire Farm®, Sara Lee®, Ball Park®, Wright®, Aidells® and State Fair®. It’s a recognized market leader in chicken, beef and pork as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The company supplies retail and foodservice customers throughout the United States and approximately 115 countries. Tyson Foods was founded in 1935 by John W. Tyson, whose family has continued to lead the business with his son, Don Tyson, guiding the company for many years and grandson, John H. Tyson, serving as the current chairman of the board of directors. At October 1, 2016, the company had approximately 114,000 Team Members employed at more than 400 facilities and offices in the United States and around the world. Through its Core Values, Code of Conduct and Team Member Bill of Rights, Tyson Foods strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and Team Members. The company also strives to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to it.
Contact: Gary Mickelson, 479-290-6111, email@example.com