Sauer Resigns from Tyson Foods’ Board
February 27 2017 - 9:00AM
Tyson Foods, Inc. (NYSE:TSN) today announced that Brad Sauer has
decided to step down from the Board of Directors after nine years
of service.
“For nearly a decade, Tyson Foods has benefitted greatly from
Brad’s extensive business background and management expertise,”
said Tyson Foods Chairman John Tyson. “On behalf of the
entire Board and management team, we thank Brad for his guidance
and dedication as well as his oversight of the succession planning
process. We’ll miss his insight and his commitment to helping
develop our leaders and growing our company responsibly.”
“After a great deal of thought, I believe now is the ideal time
for me to step down from the Board,” Sauer said. “Our new CEO and
leadership team are in place, the company’s go-forward strategy is
set and we have outstanding new Directors who have joined our
experienced board. I have no doubt the company’s success will
continue under their leadership and at the same time, I am looking
forward to spending more time on other activities and with my
family.”
Sauer was previously an executive for 3M, last serving as an
executive vice president of the company’s industrial business group
before retiring in 2014.
Sauer’s resignation is effective immediately and there are
currently no plans to add another director; however, the company is
continually looking at board candidates with diverse backgrounds
and experiences and would consider adding another Director with the
right mix of those qualities. The current Board consists of ten
Directors, including Chairman John Tyson; Gaurdie E. Banister Jr.;
Mike Beebe; Mikel A. Durham; Tom Hayes; Kevin M. McNamara; Cheryl
S. Miller; Jeffrey K. Schomburger; Robert Thurber and Barbara A.
Tyson.
About Tyson FoodsTyson Foods, Inc. (NYSE:TSN),
with headquarters in Springdale, Arkansas, is one of the world’s
largest food companies with leading brands such as Tyson®, Jimmy
Dean®, Hillshire Farm®, Sara Lee®, Ball Park®, Wright®, Aidells®
and State Fair®. It’s a recognized market leader in chicken,
beef and pork as well as prepared foods, including bacon, breakfast
sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings,
tortillas and desserts. The company supplies retail and foodservice
customers throughout the United States and approximately 115
countries. Tyson Foods was founded in 1935 by John W. Tyson, whose
family has continued to lead the business with his son, Don Tyson,
guiding the company for many years and grandson, John H. Tyson,
serving as the current chairman of the board of directors. The
company currently has approximately 114,000 Team Members employed
at more than 400 facilities and offices in the United States and
around the world. Through its Core Values, Code of Conduct and Team
Member Bill of Rights, Tyson Foods strives to operate with
integrity and trust and is committed to creating value for its
shareholders, customers and Team Members. The company also strives
to be faith-friendly, provide a safe work environment and serve as
stewards of the animals, land and environment entrusted to it.
Contact: Gary Mickelson, 479-290-6111, gary.mickelson@tyson.com
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