Sauer Resigns from Tyson Foods’ Board
Served as a Director for Nine Years
Springdale, Ark. – February 27, 2017 – Tyson Foods, Inc. (NYSE: TSN) today announced that Brad Sauer has decided to step down from the Board of Directors after nine years of service.
“For nearly a decade, Tyson Foods has benefitted greatly from Brad’s extensive business background and management expertise” said Tyson Foods Chairman John Tyson. “On behalf of the entire Board and management team, we thank Brad for his guidance and dedication as well as his oversight of the succession planning process. We’ll miss his insight and his commitment to helping develop our leaders and growing our company responsibly.”
“After a great deal of thought, I believe now is the ideal time for me to step down from the Board,” Sauer said. “Our new CEO and leadership team are in place, the company’s go-forward strategy is set and we have outstanding new Directors who have joined our experienced board. I have no doubt the company’s success will continue under their leadership and at the same time, I am looking forward to spending more time on other activities and with my family.”
Sauer was previously an executive for 3M, last serving as an executive vice president of the company’s industrial business group before retiring in 2014.
Sauer’s resignation is effective immediately and there are currently no plans to add another director; however, the company is continually looking at board candidates with diverse backgrounds and experiences and would consider adding another Director with the right mix of those qualities. The current Board consists of ten Directors, including Chairman John Tyson; Gaurdie E. Banister Jr.; Mike Beebe; Mikel A. Durham; Tom Hayes; Kevin M. McNamara; Cheryl S. Miller; Jeffrey K. Schomburger; Robert Thurber and Barbara A. Tyson.
About Tyson Foods
Tyson Foods, Inc. (NYSE: TSN), with headquarters in Springdale, Arkansas, is one of the world’s largest food companies with leading brands such as Tyson®, Jimmy Dean®, Hillshire Farm®, Sara Lee®, Ball Park®, Wright®, Aidells® and State Fair®. It’s a recognized market leader in chicken, beef and pork as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The company supplies retail and foodservice customers throughout the United States and approximately 115 countries. Tyson Foods was founded in 1935 by John W. Tyson, whose family has continued to lead the business with his son, Don Tyson, guiding the company for many years and grandson, John H. Tyson, serving as the current chairman of the board of directors. The company currently has approximately 114,000 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 Foods 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.
Contact: Gary Mickelson, 479-290-6111, [email protected]