Sector News

Tyson Foods names Tom Hayes as President

June 15, 2016
Food & Drink

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

comments closed

Related News

October 2, 2022

Drinktec 2022: In review

Food & Drink

In the lead-up to the world-famous Oktoberfest – which celebrates Bavarian tradition, beer and the festival spirit – Munich was already buzzing with activity by the time the doors opened to Drinktec 2022 on 12-16 September. The atmosphere was lively, with approximately 50,000 visitors from 169 countries in attendance.

October 2, 2022

Alan Jope to step down as Unilever CEO

Food & Drink

Unilever has announced CEO Alan Jope’s decision to retire from the company at the end of 2023, after five years at the helm. The announcement comes less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.

October 2, 2022

Lakeland Dairies names Colin Kelly as next group CEO

Food & Drink

Lakeland Dairies has announced that Colin Kelly will assume the role of group CEO following the retirement of Michael Hanley at the end of the year. Kelly will take up the position in January 2023, while Hanley will step down in December this year.