Posted 11/18/2013 08:57 am
Updated 1 year ago
Tyson Foods Inc. of Springdale on Monday announced changes to the meat processor's corporate and management structures, including new leadership positions and a separation of its poultry and prepared foods businesses.
In a statement, the publicly traded firm (NYSE: TSN) said the moves are designed to support growth in its domestic and international protein and prepared foods businesses.
"We have produced exceptional results since fiscal 2010 and are poised for substantial future growth," President and CEO Donnie Smith said. "These new positions will bring focus to our growth platforms, reinforce our operational excellence and give our team members broader experience in our company. This further demonstrates our commitment to cultivating and retaining top talent."
The new senior leadership positions, which report to the CEO, are:
- President of Prepared Foods, Customer and Consumer Solutions: Donnie King, now senior group vice president of poultry and prepared foods
- President of Poultry: Noel White, now senior group vice president of fresh meats
- President of Fresh Meats: Steve Stouffer, now senior vice president of beef margin management
- Group Vice President of International: James Young, now group vice president of international
- Executive Vice President of Strategy and New Ventures: Hal Carper, now group vice president of R&D, logistics and technical services
- Executive Vice President of Program Management: Russell Tooley, now senior vice president of corporate and international human resources
"Separating our poultry and prepared foods businesses will give us sharper focus in two critical, expanding areas," Smith said. "I'm excited that Noel White, a proven leader in our fresh meats business, is moving to Arkansas to run our poultry business.
"And I’m equally excited that Donnie King will devote his considerable talents to our growing value added foods business and creating an integrated sales and marketing organization to deepen our relationships with customers," he said.
Tyson Foods also announced two other new positions that will report to the president of prepared foods, customer and consumer solutions: Wes Morris, who is now group vice president of consumer products, will be president of prepared foods; and Devin Cole, who is now group vice president of foodservice, will be president of sales and marketing and chief commercial officer.
Meanwhile, the rest of Tyson's senior management structure, including CFO Dennis Leatherby, will continue to report to the CEO.
The new leadership positions are expected to be in place by March.