Particle.news
Download on the App Store
4 ARTICLES
·
3w ago

Tyson Foods Elevates Devin Cole to COO After Supply-Chain Chief Exits Over Code Breach

The company is stressing succession planning after a conduct-rule breach, with more leadership updates expected before Sept. 28.

Image
Fog shrouds the Tyson slaughterhouse in Burbank, Washington December 26, 2013. Picture taken December 26, 2013. REUTERS/Ross Courtney/File Photo
Tyson Chicken Nuggets, owned by Tyson Foods, are seen for sale in Queens, New York, U.S., November 16, 2021. REUTERS/Andrew Kelly/File Photo
Image

Overview

  • Brady Stewart departed effective immediately after Tyson determined he violated the company’s code of conduct.
  • Devin Cole will oversee poultry, beef, pork, prepared foods and international operations, reporting directly to CEO Donnie King in the first COO appointment since 2021.
  • Supply chain, food safety, health and safety, environmental and transport functions now report directly to King.
  • Tyson said it will announce additional leadership and organizational changes before the 2026 fiscal year begins on Sept. 28, and Cole and CFO Curt Calaway are scheduled to speak at an investor conference on Thursday.
  • Shares fell to a one-month low as some analysts had viewed Stewart as a potential successor to King, while recent results showed Q3 sales of $13.88 billion with sharply lower operating and net income and continued pressure in beef.