(RTTNews) – Tyson Foods, Inc. (TSN) announced Monday that Dean Banks will succeed Noel White as CEO, while retaining the role of president, beginning October 3, 2020.
Banks is lately president and non-independent director. His expanded role as CEO is a component of the board’s planned and long-term succession plans. Banks joined Tyson Foods as director in 2017 and was named president in 2019.
Prior to joining Tyson Foods, bank assignment manager and member of the X control team (formerly Google [x]), a company of Alphabet Inc., where he remains an advisor.
White, who led Tyson in an era of unprecedented volatility and uncertainty when he took over as CEO in 2018, will remain with Tyson in a new high-level position as executive vice president of the board.
White joined Tyson with the acquisition of PPI in 2001. He held critical control positions at the company before being appointed CEO.