In its regularly scheduled quarterly board meeting on November 17, Tyson Foods, Inc.’s (NYSE: TSN) Board of Directors voted to add a new board member and declared a dividend on its stock.
Barbara Allen, president and chief operating officer of Paladin Resources was elected to the Tyson board. Allen has served in her position at Paladin Resources since 1999. Paladin Resources is a management company developing a consumer co-op designed to deliver connectivity — long distance, internet service, wireless, broadband — combined with privacy and e-commerce.
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John Tyson, Tyson chairman, president and CEO said, “Barbara brings to the board a proven record in strategic planning, consumer products, brand equity development, international, and utilization of electronic commerce. Her appointment, along with the recent appointments of Jim Kever and David Jones, reflects our continuing efforts to increase diversification of business experience on our board.”
Allen has previously served as president of Corporate Supplier Solutions for Corporate Express, a $4 billion business-to-business distributor of office supply products where she managed e-business relationships with top system providers including SAP and Oracle.
She also spent twenty-three years with the Quaker Oats Company, most recently as executive vice president of the company’s International Foods division. Previously, she served as president of Quaker’s Frozen Foods Division.
Allen also serves on the board of directors for the Maytag Corporation (manufacturer of appliances) and on the Citizen’s Scholarship Foundation Advisory Board. She was formerly a board member for Coty, Inc. (fragrance and cosmetics company).
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By GlobalDataThe Board of Directors also declared a quarterly dividend of $.04 per share on Class A common stock and $.036 per share on Class B common stock, payable on March 15, 2001 to shareholders of record at the close of business on March 1, 2001.
Tyson Foods, Inc., founded in 1935, is the world’s largest fully integrated producer, processor and marketer of chicken and poultry-based food products with annual sales in excess of $7 billion. Over the years, the Tyson product line has expanded to include prepared meals and entrees, and specialty products such as corn chips and tortillas. Tyson Foods is headquartered in Springdale, Arkansas.
For further information, contact Tyson’s director of investor relations, Louis Gottsponer at (501) 290-4826 or Ed Nicholson, director of media and community relations at (501) 290-4591.
