Don Tyson, who led Tyson Foods, Inc. (NYSE: TSN) through more than three decades of phenomenal growth, and who has served as Senior Chairman of the Company since 1995, announced yesterday that effective immediately he was stepping down as Senior Chairman, but would remain as a member of the Board of Directors of the Company.
“This is just one more step in a ‘progressive retirement’ plan that I began in 1995 when I turned 65 and stepped down as Chairman,” said Tyson. “Now that we have completed the IBP acquisition, and the integration of Tyson and IBP is well underway, it is time for me to relinquish this last title, and let the management of the new company have full control. I am confident that my son John, and the leadership team he has put together, are fully prepared to take the Company to the next level as the premier protein provider on the planet. I look forward to following their progress from my boat.”
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