Tyson Foods Selects Energy Company CEO as Board Member
Springdale, Arkansas – November 17, 2011 – An executive with more than 30 years of experience in the energy commodity industry has been named to the board of directors of Tyson Foods, Inc. (NYSE: TSN), company officials announced today.
Gaurdie E. Banister Jr., 54, has been selected as a new independent director on the Tyson board. He is currently the president and CEO of Aera Energy LLC, a $4 billion oil and gas producer that is jointly owned by Shell and ExxonMobil.
Banister began his career with Shell in 1980 and during his 27 years with the company was involved in such areas as strategic planning, information technology and acquisitions. He started as an offshore facilities engineer with the company and subsequently held a variety of executive level jobs including Technical Vice President for Shell International’s Asia Pacific region.
In 2007, Banister was named to his current position with Aera Energy, which is one of California’s largest oil and gas producers.
“We’re pleased the sitting CEO of a major company is joining our board,” said Tyson Foods Chairman John Tyson. “Gaurdie’s extensive leadership experience and his involvement in international business are among the key reasons why he was recommended by our nominating committee. We believe he’ll be an excellent addition to our board.”
A native of Wyoming, Banister holds a Bachelor of Science degree in metallurgical engineering from the South Dakota School of Mines and Technology.
In addition to Banister and Chairman John Tyson, other members of the Tyson Foods board of directors currently are Kathleen M. Bader, Jim Kever, Kevin M. McNamara, Robert Thurber, Brad T. Sauer, Barbara A. Tyson and Albert C. Zapanta.
Tyson Foods, Inc. (NYSE: TSN), founded in 1935 with headquarters in Springdale, Arkansas, is one of the world's largest processors and marketers of chicken, beef and pork, the second-largest food production company in the Fortune 500 and a member of the S&P 500. The company produces a wide variety of protein-based and prepared food products and is the recognized market leader in the retail and foodservice markets it serves. Tyson provides products and services to customers throughout the United States and more than 130 countries. The company has approximately 115,000 Team Members employed at more than 400 facilities and offices in the United States and around the world. Through its Core Values, Code of Conduct and Team Member Bill of Rights, Tyson strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and Team Members. The company also strives to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to it.
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