Tyson Foods named Wes Morris chief operating officer, putting him in charge of the company’s Chicken, Beef, Pork, Prepared Foods and International businesses.
Morris is a Tyson veteran with more than 20 years at the company and has previously led the Prepared Foods and Poultry businesses. He will start June 15.
The move comes as Jeff Schomburger prepares to take over as president and chief executive officer. Tyson said Morris’s appointment is aimed at reinforcing operational execution across its core segments.
Devin Cole is retiring from the company. Tyson did not disclose any financial terms tied to Morris’s appointment or Cole’s retirement. Following these announcements, the company's shares moved -1.7%, and are now trading at a price of $57.73. If you want to know more, read the company's complete 8-K report here.
