Tyson Foods CEO Banks leaving company; King named successor

Jun 2, 2021, 6:42 AM | Updated: 7:02 am

Tyson Foods President and CEO Dean Banks is leaving the poultry company for personal reasons, having served less than a year in the top post.

Tyson named Banks as CEO in August, but he took officially took over the position from Noel White in October. The company said Wednesday that Donnie King will succeed Banks, effective immediately.

King will have much on his plate at the outset, including contending with worker attendance issues and the ongoing challenges of the coronavirus pandemic. Last month Tyson announced that it was raising wages to combat absenteeism and worker turnover at its plants as U.S. demand for chicken soars. The Springdale, Arkansas-based company, which processes 20% of U.S. beef, chicken and pork, has said that absentee rates are around 50% higher than they were before the pandemic.

To combat the virus, Tyson began vaccinating workers in February through clinics at more than 100 sites. The company had announced its plans for medical clinics in September.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Associated Press

Strikes, protests hit France in round 2 of pension battle

PARIS (AP) — French labor leaders hope to bring more than 1 million demonstrators again into the streets Tuesday in the latest clash of wills with the government over its plans to push back France’s retirement age. For both sides, the nationwide strikes and protests are an important test. French President Emmanuel Macron’s government says […]
3 hours ago
Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquart...
Associated Press

Global shares fall in muted trading ahead of Fed meeting

TOKYO (AP) — Global shares declined in muted trading on Tuesday as investors awaited decisions on interest rates and updates on corporate earnings reports from around the world. The Federal Reserve’s next decision on interest rates, expected Wednesday, will provide insight into whether the U.S. central bank will further ease its aggressive stance on fighting […]
1 day ago
Associated Press

Boeing bids farewell to an icon, delivers last 747 jumbo jet

SEATTLE (AP) — Boeing bids farewell to an icon on Tuesday: It’s delivering its final 747 jumbo jet. Since its first flight in 1969, the giant yet graceful 747 has served as a cargo plane, a commercial aircraft capable of carrying nearly 500 passengers, a transport for NASA’s space shuttles, and the Air Force One […]
1 day ago
FILE - A worker loads boxes of goods from a truck outside a wholesale clothing mall in Beijing on T...
Associated Press

Chinese factory activity rebounds, adding to recovery signs

BEIJING (AP) — Chinese factory activity rebounded in January from three months of contraction, adding to signs the world’s second-largest economy might be recovering from a painful slump, an official survey showed Tuesday. A monthly purchasing managers’ index issued by the Chinese statistics agency and an industry group rose to 50.1 on a 100-point scale […]
1 day ago
Visitors try out Samsung Electronics' Galaxy Book2 at its shop in Seoul, South Korea, Tuesday, Jan....
Associated Press

Samsung’s profit plummets amid global economic woes

SEOUL, South Korea (AP) — Samsung Electronics said Tuesday its profit for the last quarter plummeted nearly 70% as a weak global economy depressed demand for its consumer electronics products and computer memory chips. The company’s operating profit of 4.3 trillion won ($3.5 billion) for the three months through December fell 69% from a year […]
1 day ago
A trishaw driver wades through a crowded street at the frozen Houhai Lake in Beijing, Monday, Jan. ...
Associated Press

IMF upgrades outlook for the global economy in 2023

WASHINGTON (AP) — The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia’s ongoing war against Ukraine. That’s the view of the International Monetary Fund, which now expects the world economy to […]
1 day ago

Sponsored Articles

...
Day & Night Air Conditioning, Heating and Plumbing

Company looking for oldest air conditioner and wants to reward homeowner with new one

Does your air conditioner make weird noises or a burning smell when it starts? If so, you may be due for an AC unit replacement.
...
Fiesta Bowl Foundation

Celebrate 50 years of Vrbo Fiesta Bowl Parade magic!

Since its first production in the early 1970s, the Vrbo Fiesta Bowl Parade presented by Lerner & Rowe has been a staple of Valley traditions, bringing family fun and excitement to downtown Phoenix.
...
Quantum Fiber

How high-speed fiber internet can improve everyday life

Quantum Fiber supplies unlimited data with speeds up to 940 mbps, enough to share 4K videos with coworkers 20 times faster than a cable.
Tyson Foods CEO Banks leaving company; King named successor