Tyson Foods Selects Donnie Smith as CEO
Finance World News Update by EQUITIES Magazine
Beverly Hills 11/19/2009 05:49 PM GMT (TransWorldNews)
The world’s largest meat maker, Tyson Foods Inc, has named a new CEO to replace interim head Leland Tollet, who had been chosen in January to help weather an industry downturn.
The move indicates that the meat giant believes its chicken business is again profitable.
Smith has been at Tyson since 1980, working in areas such as purchasing, food safety and logistics. This news comes days before Tyson is expected to release its fourth quarter earnings.
Shares of Tyson fell 3 cents to $13.06 in morning trading.
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