Leland Tollett, former chairman and CEO of the company, has agreed to return to the company as president and CEO on an interim basis until a permanent successor has been chosen.
“After seven years of helping lead or leading the world’s largest meat company, I have decided it is in both my best interest personally, and the best interest of the company for me to move on and pursue other interests,” Bond said. “I have a lot of both my time and personal finances invested in Tyson Foods, so I wish the company all the best for future success.”
Donnie Smith, a longtime Tyson executive, is being named senior group vice president of poultry and prepared foods, and will have overall responsibility for those divisions of the company.
Source: Tyson Foods Inc.