Tyson Foods and Malayan Flour Mills Berhad (MFM) announced a partnership in which Tyson Foods will invest in the Malaysia-based company’s vertically integrated poultry business, which will add more supply flexibility for both companies. The transaction is subject to approval by the shareholders of Malayan Flour Mills Berhad, amongst others.
Cooking and preparing meals from home has increased 67% since COVID-19 began. After months of home-cooked meals, families are turning to prepared foods and easy prep meals as a way to save time and spice up their nightly dinner menus. In addition, 60% of home cooks report they rely on Instant Pots or similar appliances for their cooking routine for the simplicity, versatility, and convenience of making, flavorful meals with less cleanup.
Jimmy Dean, part of the Tyson Foods portfolio, is meeting the growing demand for meat alternative options with the launch of two new sandwiches featuring a plant-based patty: Jimmy Dean Plant-Based Patty, Egg & Cheese Croissant Sandwich and Jimmy Dean Delights Plant-Based Patty & Frittata Sandwich.
An independent investigation into alleged COVID-19 wagering by management at Tyson Foods’ pork plant in Waterloo, Iowa--allegedly betting on the number of plant employees that would contract coronavirus--has led to the termination of seven plant managers.
Tyson Foods announced the appointment of Dr. Claudia Coplein to the newly-created role of Chief Medical Officer. Coplein is a physician executive who brings more than 20 years of healthcare experience to the company after holding leadership roles in the insurance, global manufacturing, healthcare and technology fields. Her immediate focus will be assisting the company’s efforts to protect team members during the Covid-19 pandemic, while also working to expand and promote a culture of health, safety and wellness at Tyson.
Tyson Foods announced plans to build new production facilities in China and Thailand, and expand its facility in the Netherlands. The latest expansions, adding over 100,000 metric tons of fully cooked poultry capacity, build on the company’s global growth strategy to become the leader in protein by serving emerging markets and strategic customers.
Tyson Foods announced the European launch of its plant-based protein brand, Raised & Rooted. This is the first expansion of the Raised & Rooted brand outside the U.S., in the brand’s pursuit to be the most loved alternative protein brand in the world.
Chad Martin also promoted to COO for poultry at Tyson.
September 3, 2020
Donnie King has been named president of Tyson Foods’ poultry business. King has over 35 years of experience working in the poultry business, both domestically and globally. He will once again lead the company’s chicken unit, guiding and mentoring members of its leadership team, including Chad Martin, who will take on the new role of chief operating officer of poultry.
Banks is currently president and a non-independent director; White elevated to role on Board as Executive Vice Chairman.
August 3, 2020
Tyson Foods announced Dean Banks will succeed Noel White as Chief Executive Officer (CEO), while maintaining the role of President, effective October 3, 2020. White, who led Tyson through a period of unprecedented volatility and uncertainty when he assumed the CEO role in 2018, will remain with Tyson in a new role as Executive Vice Chairman of the board of directors.
As part of its commitment to team member safety and continually evolving efforts to protect workers from COVID-19, Tyson Foods is launching a new, industry-leading monitoring program and expanding its occupational health staff, including a new chief medical officer position.