May 23, 3006


Tyson Foods names new CEO and President



Tyson's board of directors has appointed Richard Bond as president and CEO at a quarterly meeting.


Bond has earned the opportunity to serve as Tyson's new chief executive, said John Tyson, adding that Bond did an excellent job putting the two companies together after Tyson acquired beef and pork processing giant IBP in 2001.


Bond would be responsible for all operations and sales of the company and would be with the company until at least calendar year 2009.


John Tyson, as chairman, would lead the board in providing overall strategic direction. The CFO, general counsel, and senior vice president of external relations would still be reporting directly to him.

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