Tyson Announces Leadership Changes Following Keystone Acquisition

Tyson Announces Leadership Changes Following Keystone Acquisition
(Tyson Foods)

Tyson Foods Inc. of Springdale on Monday announced changes to its enterprise leadership team as it continues to integrate recently acquired Keystone Foods.

The changes, effective Jan. 28, include the return of Donnie King to the publicly traded meat processor. King, formerly Tyson Foods' president of North American operations, will be group president of the company's international division. 

King departed the company in February 2017, when former CEO Tom Hayes shuffled the company's top ranks. Hayes resigned from the company last year, leaving Tyson Foods to promote Noel White to president and CEO. Members of the enterprise leadership team report directly to White.

Tyson Foods outlined the latest changes in a news release:

  • Chad Martin, who has been senior vice president and general manager of Beef Enterprise for Tyson Fresh Meats, is being promoted to group president of Poultry. Martin joined IBP Inc., which later became Tyson Fresh Meats, in 1996. He has since has held several management positions in the U.S. and Canada, previously serving as the vice president of strategy and margin enhancement of the company’s beef business.
  • King, previously president of North American operations, will lead the company's international business as group president of International. King joined Tyson in 1982 and held roles of increasing responsibility until he left the company in 2017. During his tenure, he served as president of Prepared Foods and as senior group vice president of Poultry and Prepared Foods.
  • Doug Ramsey, who has served as group president of Poultry since 2017, will assume the newly created role of president of Global McDonald’s Business. Ramsey joined Tyson in 1992. He has served as president of Poultry Operations, and was senior vice president of Big Bird and Fowl, Value Added.

The company also announced that Frank Ravndal, former president and CEO of Keystone Foods, will be leaving the company "to pursue other opportunities." He will remain through March to assist with the integration.

Tyson Foods completed its $2.16 billion cash acquisition of Keystone Foods from Marfrig Global Foods of São Paulo, Brazil, in November.

Tyson has said the acquisition, first announced in August, aligns with its domestic and international growth strategy. Keystone is a leading supplier of chicken, beef, fish and pork to the global foodservice industry.

This acquisition involves eight plants and three "innovation centers" in China, South Korea, Malaysia, Thailand and Australia, as well as another "innovation center" and six processing plants in Alabama, Georgia, Kentucky, North Carolina, Pennsylvania and Wisconsin. 

Keystone supplies meat to quick-service restaurant chains and retail and convenience stores. Products include chicken nuggets, wings and tenders; beef patties; and breaded fish fillets. Clients include McDonald's Corp.

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