01—Abstract
Summary
Summary of the 8-K filed February 25, 2025. Cited figures are marked; the original filing is the authoritative source.
Tyson Foods, Inc. (NYSE: TSN) filed a Form 8-K on February 25, 2025 to disclose executive leadership changes.
Devin Cole has been named Group President of Poultry, succeeding Wes Morris, who is stepping down from the role and will remain with the company to assist in the transition before planning to retire early next year. Cole will also continue to oversee the company's International and Global McDonald's businesses, and the press release describes his role as overseeing Tyson Foods' Global Business Unit. Separately, Brady Stewart, currently Group President, Beef, Pork and Chief Supply Chain Officer, will expand his role to also oversee the company's Prepared Foods segment.
The company states that both promotions are part of its succession planning process and that both executives will continue to report to President and CEO Donnie King. The filing is largely a management announcement.
It contains no financial results, and the company states that the press release furnished as Exhibit 99.1 is not deemed "filed" under Section 18 of the Exchange Act. The company says the changes will enable continued focus on operational excellence, innovation, talent development and sustained, profitable growth.
02—Key points
Key Highlights
- Devin Cole named Group President of Poultry, succeeding Wes Morris, who is stepping down from the role
- Wes Morris will remain with Tyson Foods to assist in the transition and plans to retire early next year
- Devin Cole will continue to oversee the company's International and Global McDonald's businesses in addition to his new role
- Brady Stewart expands his role to also oversee the Prepared Foods segment, in addition to his current role as Group President, Beef, Pork and Chief Supply Chain Officer
- Both executives will continue to report to President and CEO Donnie King
- The changes are described as part of the company's succession planning process
- The filing contains no financial results; the accompanying press release is furnished under Item 9.01 and is not deemed filed for Section 18 purposes
03—Questions
Frequently Asked Questions
Who is replacing Wes Morris as Group President of Poultry?
Devin Cole has been named Group President of Poultry, succeeding Wes Morris. Cole will also continue to oversee the company's International and Global McDonald's businesses.
Is Wes Morris leaving Tyson Foods immediately?
No. Morris will remain with the company to assist in the transition and plans to retire early next year.
What is Brady Stewart's new responsibility?
Brady Stewart, currently Group President, Beef, Pork and Chief Supply Chain Officer, will expand his role to also oversee the company's Prepared Foods segment.
To whom will these executives report?
Both Devin Cole and Brady Stewart will continue to report to President and CEO Donnie King.
Do these changes include any financial guidance or results?
No. The filing announces leadership changes only and does not include financial results or guidance. The press release furnished as Exhibit 99.1 is not deemed filed under Section 18 of the Exchange Act.
04—Continue