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Tyson Replaces CEO Dean Banks After Eight Months on the Job

Published by

July 25, 2024 2:51 PM
(GMT+2)

Tyson Foods Inc. replaced its chief executive officer after roughly eight months on the job as the elite US mean company contends with restrictions with production and fallout from Covid-19. Dean Banks resigned from the CEO role and Tyson’s board of directors, the company stated on Wednesday. Donnie King was succeeded immediately by a three-decade veteran of the Arkansas company who earlier this year was named chief operating officer.Mr. Banks Decided to leave Tyson for personal reasons. He didn’t immediately respond to a request for comment. Mr. King wasn’t available for an interview, according to a Tyson spokesman.The sudden change at the top of the largest US meat processor by sales makes Mr. King Tyson’s fifth chief executive in as many years. A Tyson spokesman stated that while the CEO plays an important role, the company’s leadership team is also responsible for pushing Tyson forward.

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