(Bloomberg) — Tyson Foods Inc. is replacing its top boss just as the pandemic boosts costs and clouds the outlook for America’s top meat producer.Noel White will step down as chief executive officer after just two years on the job, but will remain at the company as executive vice chairman, Tyson said in a statement Monday. He will be replaced by Dean Banks, currently Tyson’s president, effective Oct. 3.Tyson’s costs soared as it tried to contain outbreaks of coronavirus that infected thousands of meat-plant employees across America. The company spent an additional $340 million in the third quarter due to …read more
Source:: Yahoo Finance
