SPRINGDALE, Ark. — Tyson Foods Inc. has named its Chief Operating Officer Donnie King as its new president and chief executive officer, effective immediately.
“The board and I know that Donnie has a deep understanding of our business, values and culture and the solid leadership skills needed to continue to implement our strategy and deliver strong results,” said John H. Tyson, chairman of the board. “We want to express our appreciation to Dean for his contributions as a board member and executive.”
Current President and CEO Dean Banks is leaving the company and board for personal reasons.
“Being a part of Tyson Foods has been a very rewarding experience,” Banks said. “Upon deep personal reflection, and discussions with my family, the board, and my colleagues, I believe that stepping down and concentrating on my family is the right decision at this time.”
King has more than 36 years of experience in the protein business, holding a variety of executive leadership positions in the company. He’s been involved with poultry, beef, pork, prepared foods and international. He has also provided executive oversight of food safety and quality assurance; health and safety; continuous improvement; engineering; and supply chain.
“I’m humbled but excited about leading Tyson Foods, a company that feeds millions of people and means so much to me personally,” King said. “I believe we need to be sharply focused on operating with excellence, executing our strategies, and continuing to innovate across our businesses throughout the world. With our strong leadership team, we are committed to winning with our customers and delivering an outstanding team member experience.”