Springdale, Ark. – June 23, 2017 – Tyson Foods, Inc. (NYSE: TSN) has named a chief integration officer to support acquisitions that help drive the company’s strategic growth and raise the world’s expectations for how much good food can do.
George Chappelle, chief operating officer at AdvancePierre Foods, has been selected for the role. He will report directly to Tyson Foods President and CEO Tom Hayes and be a member of the company’s Enterprise Leadership Team.
Chappelle will manage the Integration Management Office and will lead all aspects of the integration of AdvancePierre, which Tyson Foods acquired earlier this month. He will also continue to lead operations for AdvancePierre. The Cincinnati-based business is a leading producer of ready-to-eat lunch and dinner sandwiches, sandwich components and snacks, and generated revenues of $1.6 billion in 2016.
“George’s experience and leadership will be valuable as we bring these two companies together and work to generate cost synergy benefits of $200 million within three years,” said Hayes. “An effective integration is an extremely important part of our strategic focus on sustainably feeding the world with the fastest growing portfolio of protein packed brands.”
Chappelle joined AdvancePierre as senior vice president-supply chain in 2014 and became chief operating officer in 2016. He has previously held operations and information technology leadership roles at companies such as Solo Cup, Sara Lee Foods, Heinz and the Gillette Company.
Chappelle earned a Master of Science in Applied Management at Lesley College in Cambridge, Massachusetts, and a Bachelor of Science in information technology from Westfield State College in Westfield, Massachusetts.
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.
Certain information contained in the press release may constitute forward-looking statements, such as statements relating to expected benefits from the acquisition of AdvancePierre Foods Holdings, Inc. These forward-looking statements are subject to a number of factors and uncertainties which could cause our actual results and experiences to differ materially from the anticipated results and expectations expressed in such forward-looking statements. We wish to caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made. Among the factors that may cause actual results and experiences to differ from anticipated results and expectations expressed in such forward-looking statements are those factors listed under Item 1A. “Risk Factors” included in our Annual Report filed on Form 10-K for the period ended October 1, 2016 and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Gary Mickelson, 479-290-6111, [email protected]