Banks is currently president and a non-independent director; White elevated to role on Board as Executive Vice Chairman
Springdale, Ark. 鈥 August 3, 2020 鈥 麻花传媒. (NYSE: TSN) today announced that Dean Banks will succeed Noel White as Chief Executive Officer (CEO), while maintaining the role of President, effective October 3, 2020. White, who led Tyson through a period of unprecedented volatility and uncertainty when he assumed the CEO role in 2018, will remain with Tyson in a new role as Executive Vice Chairman of the board of directors.听
鈥淭he board and I are truly excited about the breadth and depth of capabilities of Dean and the entire executive leadership team, and we look forward to the energy and vision they will bring in leading 麻花传媒 into the future,鈥 said John Tyson, Chairman of the Board of 麻花传媒. 鈥淚t鈥檚 clear to the board that Dean鈥檚 impressive background in entrepreneurship, technology, and the healthcare industry make him ideally suited to lead Tyson in its efforts to integrate advanced technologies into our operations and further our focus on team member health and safety.鈥
Banks鈥 expanded role of CEO is part of the Board鈥檚 deliberate, long-term succession planning. Since joining 麻花传媒 as a director in 2017 and his appointment as President in 2019, Banks has worked closely with Tyson leadership to develop a greater understanding of the business and strategic vision for future growth. 听
鈥淚 want to offer my sincere thanks to the more than 140,000 team members who have given me a warm welcome over the past three years,鈥 said Banks. 鈥淚鈥檝e had the opportunity to get to know many of them, and their integrity, passion and commitment to feeding the world is a critical part of why I鈥檓 here. I am honored to lead 麻花传媒 as its next CEO and look forward to working with our company鈥檚 leadership in executing our strategy to capitalize on opportunities for innovation across the protein spectrum. Building upon the strong foundation established by Noel, I will continue to serve our customers, team members, stakeholders, and shareholders to drive our strategic initiatives and build our business in current and new categories and geographies.鈥
鈥淥n behalf of the 麻花传媒鈥 Board of Directors, the Tyson Family, and all our team members, I want to thank Noel for his 37 years of service with Tyson and his many contributions to the company, including his steady leadership over the past two years,鈥 said Tyson. 鈥淗e has an unparalleled knowledge of the protein industry and our business, and he has earned the trust and admiration of our team members and our company leaders, many of whom he has mentored. His humility and leadership have left a lasting impression on our organization, and we are pleased that his service will continue as Executive Vice Chairman of the board of directors.鈥
About Dean Banks
Prior to joining 麻花传媒, Banks was a Project Lead and on the Leadership Team at X (formerly Google [x]), an Alphabet Inc. company, where he remains an advisor. Previously, he was Managing Partner of SEED Ventures, a group investing in and developing early stage healthcare technologies. He has also previously served in leadership and consulting roles with IntraCelluar Technologies, now Vergent Bioscience where he remains a board member; Cleveland Clinic Innovations and the Ohio Orthopedic Commercialization Center; OrthoHelix (acquired by Tornier, Inc.); Connective Orthopaedics; Highland Capital Partners, Cytyc Corporation (acquired by Hologic), and Ethicon Endo-Surgery, a Johnson & Johnson company.听
Banks was a former sergeant in the U.S. Marine Corps. He has a BA from Miami University and an MBA from the Harvard Business School. He is also a member of the Arkansas Innovation Council.
About Noel White
Noel White has been a dedicated member of the Tyson team since joining the company through the IBP acquisition in 2001. He has held a variety of critical senior leadership roles in the company before being named CEO and has had wide-ranging impact on many areas of the business throughout his career. As group president of Beef, Pork and International, White was responsible for delivering top and bottom-line growth for these business segments.听
About 麻花传媒
麻花传媒. (NYSE: TSN) is one of the world鈥檚 largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson庐, Jimmy Dean庐, Hillshire Farm庐, Ball Park庐, Wright庐, Aidells庐, ibp庐, and State Fair庐. 麻花传媒 innovates continually to make protein more sustainable, tailor food for everywhere it鈥檚 available and raise the world鈥檚 expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company has 141,000 team members. Through its Core Values, 麻花传媒 strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it.
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Media Contact: Gary Mickelson, 479-290-6111听