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EN
Tyson Foods reassures investors after executive’s exit
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The Cattle Site
The meatpacker said late on Tuesday that Chief Supply Chain Officer Brady Stewart, who has also overseen its beef, pork and prepared foods businesses, ran afoul of its code of conduct.
The company appointed Devin Cole, who led its poultry and international businesses, as chief operating officer and said he will oversee those units plus beef, pork and prepared foods.
Some had considered Stewart, a former COO for Smithfield Foods, as a candidate to eventually succeed Tyson CEO Donnie King.
When asked about his expanded role, Cole said he had been around the beef, pork and prepared foods businesses during his time at Tyson, and did not expect major changes.
But the company raised its annual revenue forecast last month as quarterly profit margins improved in its chicken, pork and prepared foods units.
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