White Named Tyson Foods CEO, Hayes Steps Down For “Personal Reasons”

Tom Hayes announced Monday he will step down effective Sept. 30 as president and CEO of Tyson Foods citing personal reasons. The board of directors has chosen Tyson Foods veteran Noel White to succeed Hayes as CEO and president and board member.

Hayes’ tenure as Tyson Foods CEO was short having only had that role since November 2016. Hayes was chosen to replace Donnie Smith, who retired after spending his entire career at Tyson Foods. Hayes joined Tyson Foods with the Hillshire Brands acquisition in August 2014. He was quickly tagged by leadership as someone who could grow Tyson’s brand through marketing and continued acquisitions.

The contract Hayes signed with Tyson Foods in November 2016 was a two-year deal with an out-clause for Hayes if he presented “good reason” with board acceptance. Hayes merely cited “personal reasons” for his departure.    MORE

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