Tyson Foods names Tom Hayes president
Tyson Foods splits roles of president and CEO
Tyson Foods has appointed Tom Hayes, its chief commercial officer, to the role of president of the US food group.
Donnie Smith, who has held the two roles of president and CEO, will remain Tyson Foods' chief executive.
John Tyson, the company's chairman, said: "As we look toward the future of our business and its next phase of growth, succession planning is the board's responsibility. We are focused on leaders with the right skills to help Tyson Foods capitalize on favorable market trends in the U.S. and abroad, continue improving our portfolio mix and margins, and drive innovation in our expanding range of branded products."
Hayes joined Tyson Foods when the company bought US peer Hillshire Brands in 2014. His first role at Tyson Foods was as president of the group's foodservice business. Hayes was then appointed chief commercial officer, a role in which he was responsible for Tyson Foods' sales across North America.
"I appreciate the confidence the board has placed in me and look forward to working closely with Donnie and the board to help our company become a global leader in protein-centric branded foods," Hayes said.
Smith, who was promoted from a role as senior group vice president of poultry and prepared foods to the positions of president and CEO in 2009, added: "Tom Hayes is an exceptional leader who's played a key role in creating a united company and in our continued development of our branded products."
The global processed meat market is expected to grow at a steady pace during the forecast period. With globalization and urbanization, consumer lifestyles are becoming busier and the number of dual-in...
Fresh foods are those that are available in the raw state and have not undergone any form of thermal processing or freezing. Additionally, they are free of preservatives. There is a high demand for su...
The bakery industry has expanded from simple baked goods to a multitude of products across various categories, including healthy, organic offerings....
- General Mills sales woes continue - analysis
- Comment: Meal kits in US - don't believe the hype
- Why personalisation will take-off in US food
- Analysis: Chocolate sector's deforestation pledge
- US food next wave on display at Winter Fancy Food
- Kraft Heinz cuts jobs in US, Canada
- Unilever invests in Dutch meat substitute project
- Lactalis fails to hit threshold to delist Parmalat
- Fonterra cuts earnings forecast
- Brazil seeks to cool concerns over meat probe