A new chief executive officer was named to take the helm of American food firm Tyson Foods this fall. On Monday, the company announced that Dean Banks was selected to replace Noel White as CEO on October 3 as White transitions to a new position.
“The board and I are truly excited about the breadth and depth of capabilities of Dean and the entire executive leadership team, and we look forward to the energy and vision they will bring in leading Tyson Foods into the future,” Tyson Chairman John Tyson said in a company press release. “It’s clear to the board that Dean’s impressive background in entrepreneurship; technology; and the healthcare industry make him ideally suited to lead Tyson in its efforts to integrate advanced technologies into our operations and further our focus on team member health and safety.”
Banks joined Tyson in 2017 as a director. In 2018, he was appointed as the firm’s president. Prior to his role at the food company, Banks held a position on the leadership team at X (formerly Google) and worked as a managing partner of SEED Ventures. He has also occupied various leadership and consulting roles with Cleveland Clinic Innovations, Ethicon Endo-Surgery, and Cytyc Corporation.
“I am honored to lead Tyson Foods as the next CEO and look forward to working with our company’s leadership in executing our strategy to capitalize on opportunities for innovation across the protein spectrum,” said Banks in a statement. “Building upon the strong foundation established by Noel, I will continue to serve our customers, team members, stakeholders, and shareholders to drive our strategic initiatives and build our business in current and new categories and geographies.”
White, who has served as Tyson’s CEO since 2018, will become the board’s executive vice chairman.
“I want to thank Noel for his 37 years of service with Tyson and his many contributions to the company, including his steady leadership over the past two years,” Tyson said. “He has an unparalleled knowledge of the protein industry and our business, and he has earned the trust and admiration of our team members and our company leaders, many of whom he has mentored.”