Tyson Names New CFO as Dennis Leatherby Plans Retirement

Tyson Foods Inc. of Springdale announced Wednesday that Stewart Glendinning has been appointed CFO, effective Feb. 10.

He will succeed Dennis Leatherby, who is retiring after serving as CFO since 2008 and after a 28-year career with the company.

Glendinning will join Tyson on Dec. 11, and Leatherby will stay with the company until April 2018, helping in the transition, the company said.

Glendinning joins Tyson Foods from Molson Coors Brewing Co., where he served as president and CEO of its international division. He began his career at Molson Coors in 2005 as CFO of its UK division and subsequently held the positions of global CFO, president and CEO of the UK division and president and CEO of the Canada division. Before that, Glendinning served in senior financial positions with The Hackett Group and KPMG.

In a statement, Leatherby said now was the right time for him to leave the company.

"Tyson Foods is primed to launch its next phase of growth and now is the right time for me to pursue the next chapter in my life, including spending more time with my extremely supportive family and friends," he said. "I am extremely proud of what this organization has been able to achieve in my nearly three decades here and I am honored to have been part of a fabulous leadership team. Many more good things are ahead for this great company."