Tyson Foods appoints Dean Banks as new CEO

US-based meat producer Tyson Foods has appointed its president Dean Banks as the company’s new CEO.

Banks will be replacing Noel White, who will continue to be associated with Tyson in a new role and serve as executive vice-chairman of the board of directors. White was appointed by the company in 2018.

Tyson Foods board chairman John Tyson said: “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.

“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.”

Dean Banks will assume the new role on 3 October.

Before joining Tyson Foods, Banks worked as a project lead and was on the Leadership Team at X (formerly Google [x]), an Alphabet company.

He previously served as managing partner of SEED Ventures and also in leadership and consulting roles with IntraCelluar Technologies, now Vergent Bioscience, where he remains a board member.

Banks said: “I want to offer my sincere thanks to the more than 140,000 team members who have given me a warm welcome over the past three years.

“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.”