Tyson Foods Inc., Springdale, Ark., said President & CEO Dick Bond has decided to leave immediately and that former top executive Leland Tollett has agreed to return as president and CEO on an interim basis.
Meat industry media said Pilgrim's Pride Corp., Pittsburg, Texas, notified employees at its Live Oak, Fla., plant that the company will discontinue second-shift operations during the next 60 to 90 days.
Hormel Foods Corp., Austin, Minn., said Gary Ray, president of the company's protein units, and Russell Potter, vice president of operations-grocery products division, will retire.
Citing raw material price increases, prepared meats and entrees processor Pierre Foods Inc. said it voluntarily filed for Chapter 11 bankruptcy relief to restructure debt.