Tyson Foods Inc. has named Tom Hayes president, a move reflecting the company’s increased emphasis on branded, packaged foods.
Chief Executive Donnie Smith previously held the president title.
Mr. Smith said in a statement that Mr. Hayes, who was chief commercial officer, has “played a key role in creating a united company and in our continued development of our branded products.”
Mr. Hayes was chief supply chain officer at Hillshire Brands at the time of Tyson’s $7.7 billion purchase of Hillshire in 2014. Tyson picked up such brands as Jimmy Dean sausages and Ball Park hot dogs in that deal, enhancing its position in higher-margin prepared foods.
In May, Tyson said its profit for the quarter ended April 2 rose 39% and the company increased its full-year guidance.
The Springdale, Ark., company has benefited in recent quarters from robust consumer spending, increased meat supplies and low prices for animal feed.
By Josh Beckerman
Source: Wall Street Journal
IFF has announced that its chief financial and business transformation officer, Glenn Richter, will retire on 31 December 2024, following a three-year tenure with the company. IFF has initiated the process of selecting a successor for the CFO position, considering both internal and external candidates.
Saputo has announced that its president and CEO, Lino Saputo, will transition to the role of executive chair of the board. The transition is set to take place on 9 August, when Carl Colizza, the company’s current president and COO for North America, will assume the position.
The coffee giant said the funding will be used to install new tech, such as roasting equipment, increasing production line flexibility to make new products and flavours – including higher value-added products, – and technology updates to improve sustainability.
