Tyson Makes Executive Changes After Keystone Acquisition
- Chad Martin, who has served as senior vice president and general manager, Beef Enterprise for Tyson Fresh Meats, is being promoted to group president, Poultry. Martin joined IBP, inc., which later became Tyson Fresh Meats, in 1996. He has since has held a number of management positions in the United States and Canada, previously serving as the vice president of strategy and margin enhancement of the company’s beef business.
- Donnie King, who previously worked as Tyson Foods’ president of North American operations, is returning to lead the company’s international business as group president, International. He’ll be responsible for the overall international growth strategy, global business models, and overseas operations. King joined Tyson Foods in 1982 and held roles of increasing responsibility until he left the company in 2017. During his tenure, he served as president of Prepared Foods, and senior group vice president of Poultry and Prepared Foods.
- Doug Ramsey, who has served as group president, Poultry since 2017, will assume the newly created role of president, Global McDonald’s Business, leading the relationship with this key Tyson Foods customer. Ramsey joined Tyson Foods in 1992 and has served as president of Poultry Operations, and was senior vice president of Big Bird and Fowl, Value Added.
As part of the integration of recently acquired Keystone Foods and the company’s global growth efforts, Springdale, Arkansas, USA-headquartered Tyson Foods has announced changes to the enterprise leadership team that reports directly to President and CEO Noel White, effective January 28, 2019. They include:
“This refinement of our team will help us to take advantage of our biggest growth opportunities, which are value-added foods and international markets,” White said. “I look forward to working with this team to deliver results for our customers, consumers, investors and team members.”
The company also announced that Frank Ravndal, former president and chief executive officer of Keystone Foods, will be leaving to pursue other opportunities. He will remain through March to assist with the integration process.
Global Market Optimism
Through the Keystone Acquisition, Tyson Foods now has eight plants and three innovation centers in China, South Korea, Malaysia, Thailand and Australia that, in addition to the three plants the company already operated in China, will help meet growing international demand for protein.
“We’re very optimistic about the opportunities in the global market. It’s estimated 90 percent of the global growth in protein demand will be outside of the United States and 60 percent of the total demand will be in Asia,” White said. “Donnie’s previous experience growing both our domestic and international businesses position him to lead all aspects of our international efforts and deliver continuous top and bottom line growth.”
Ringing up worldwide sales of approximately $40 billion in 2018, Tyson Foods ranks as one of the world’s largest food companies and is a recognized leader in protein. Beef accounted for the biggest market share last year, ringing at 37% of total sales. It was followed by poultry at 29%, prepared foods (including frozen products) at 21%, and pork at 12%.