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The U.S. meatpacker has appointed a new President and CEO as Tom Hayes steps down from the role for personal reasons.
Tyson Foods has announced its Board of Directors has appointed Noel White, formerly Group President of Beef, Pork and International and a member of Tyson Foods’ enterprise leadership team, as President and CEO. Effective September 30, 2018, White will also join the Board.
“Noel is a proven leader who has played an integral role in our enterprise leadership team for many years. He has run our beef, pork, and poultry businesses and is now helping Tyson Foods capitalise on international opportunities”, said John Tyson, Chairman of the Board of Directors. “His deep institutional knowledge and a stellar track record over his more than 30-year career at Tyson Foods and a predecessor company give the board the utmost confidence in his ability to drive the business forward, accelerate global growth and create long-term value for shareholders.”
The Company has also reaffirmed its adjusted EPS guidance for fiscal 2018 of US$5.70 to US$6.00, as announced on July 30, 2018.