CHICAGO – Tyson Foods Inc (TSN.N) Chief Executive Officer Tom Hayes will step down at the end of the month for personal reasons after less than two years in the role, the top U.S. meat processor said on Monday.
Noel White, a company veteran who has been running Tyson’s chicken, beef and pork businesses, will replace Hayes.
The change, which surprised Wall Street analysts, comes as Tyson is grappling with a drop in U.S. demand for chicken and declining prices for pork due to tensions between the United States and trading partners.
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