May 13, 2008

Tyson's CFO leaves job for pharmaceutical sector

The Chief Financial Officer (CFO) of Tyson Foods, Inc is leaving the company to accept a similar position with the nation's largest retail pharmacy chain.
 

Wade Miquelon has accepted the job of Chief Financial Officer of Walgreens, one of the nation's fastest growing retailers

"We will miss the passion and strategic approach Wade brought to his job here at Tyson, but realize the move to Walgreens is a great opportunity for him and his family," said Dick Bond, president and CEO of Tyson Foods.

Bond said although Miquelon has only been with Tyson for two years, he has strengthened the company's finance and accounting functions. 

Tyson management will now begin the process of finding a replacement for Miquelon, who left The Proctor & Gamble Company to accept Tyson's chief financial post in April 2006.

Dennis Leatherby, who is Tyson's senior vice president of finance and treasurer, will assume Miquelon's responsibilities until the job is filled.

Tyson is the world's largest processor and marketer of chicken, beef, and pork and the second-largest food production company in the Fortune 500.