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Dean Banks to Serve as President of Tyson Foods

November 7, 2019
Dean Banks, pictured here, will become president of Tyson Foods in December. Image courtesy of Tyson Foods
Dean Banks, pictured here, will become president of Tyson Foods in December. Image courtesy of Tyson Foods

The board of American protein and food products manufacturer Tyson Foods said Wednesday that independent director Dean Banks will become its president on December 20, managing all of the firm’s business segments under the watch of chief executive officer Noel White. 

White, who currently serves as president and CEO, will remain CEO. The newly-appointed president will become a non-independent director of the board. Banks previously served as a project lead and on the leadership team of X, a company owned by Google parent Alphabet Inc.

“I have gotten to know Dean well over the past several years, particularly during his two years on our board, where he has demonstrated that he is a thoughtful leader who respects and appreciates the historical Tyson Foods culture,” the chairman of Tyson’s board of directors, John Tyson, said in a company release. “As the board reflected on its talent acquisition and development pipeline, it became apparent, given Dean’s strong cultural fit with our organization and unique leadership experience and background in innovation and technology, that we could benefit from his distinctive abilities and personality on our enterprise leadership team.”

During his tenure on Tyson’s board, Banks has held positions on the Nominating Committee and Governance and Strategy and Acquisitions committees. He also holds a position on the board of biotech firm Vergent Bioscience. Banks has occupied a variety of senior roles over his career at companies including Occelerator, OrthoHelix, Connective Orthopedics, and Highland Capital Partners.

“At a time of unprecedented change in the protein industry, we’re focused on capitalizing on our diversified business model and innovation to execute our growth strategy. As we increasingly integrate advanced technologies into our operations, we’re pleased to add a leader of Dean’s caliber to our leadership team,” said White in a statement. “From his service on the Tyson Foods board, Dean has developed a keen understanding of our business to go with his deep knowledge of the technologies and innovations that can help unlock opportunities now and in the future.”

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