CEO of Molson Coors’s international business Stewart Glendinning has been appointed chief financial officer of Tyson Foods.
Glendinning, who has been at Molson Coors for 12 years, replaces Dennis Leatherby, who has served Tyson Foods as chief financial officer since 2008.
Tyson Foods said that Glendinning will join the company on 11 December 2017, with Leatherby staying at the company until April 2018.
Beginning his career at Molson Coors in 2005 as UK chief financial officer, Glendinning subsequently held the positions of global CFO, UK CEO, and Canada CEO. Prior to that, he served in senior financial positions with The Hackett Group and KPMG.
His last day with Molson Coors will be 8 December, and the company said it will update on a replacement in due course.
Tyson Foods CEO Tom Hayes drew attention to Glendinning’s background in finance and operations as the business transforms to ‘a modern food company’.
“In the past year, we have made great progress in building our strategy to grow through differentiated capabilities, deliver ongoing financial fitness through continuous improvement and to sustain our company and our world for future generations,” he said.
“Stewart’s expertise will add depth and dimension as we continue to focus on providing sustainable food at scale to deliver value to all of our stakeholders.”
Speaking of outgoing CFO Dennis Leatherby, Hayes said: “During his 28 years at Tyson Foods, especially his almost decade as CFO, Dennis has been a critical factor in our growth, helping guide the strategic repositioning of the company and our acquisition programme during his tenure.
“On behalf of our board, our executive team and the entire Tyson Foods family, I want to thank him for his countless contributions during his long and distinguished tenure.”
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