Tyson Foods announced changes to its top tier of executives this week. The company announced the appointment of Stewart F. Glendinning as Chief Financial Officer, effective February 10, 2018. Glendinning will succeed Dennis Leatherby a 28-year Tyson Foods veteran who has served Tyson Foods as Chief Financial Officer since 2008.
"This is an exciting time for Tyson Foods, with incredible opportunities to build on the breadth and scope of its standing as one of the world's premier food companies," said Glendinning in a company press release. "I look forward to working with Tom as part of his leadership team to help realize the company's strategic and operational goals and to support brands that have been such an important part of how we eat for generations."
Glendinning joins Tyson Foods from Molson Coors Brewing Company, where, since 2005, he has held various positions of increasing responsibility, including: Chief Financial Officer, U.K.; Global Chief Financial Officer; President & CEO, U.K.; President & CEO, Canada; and finally President & CEO, International.
"Stewart's background in both finance and operations will be an important asset to our team as we continue Tyson Foods' transformation to a modern food company," noted Tom Hayes, President and CEO. "In the past year, we have made great progress in building our strategy to grow through differentiated capabilities, deliver ongoing financial fitness through continuous improvement and to sustain our company and our world for future generations. Stewart's expertise will add depth and dimension as we continue to focus on providing sustainable food at scale to deliver value to all of our stakeholders.”
Hayes also expressed gratitude for Leatherby’s long years of service and his contributions to the company’s enduring success.
"During his 28 years at Tyson Foods, especially his almost decade as CFO, Dennis has been a critical factor in our growth, helping guide the strategic repositioning of the company and our acquisition program during his tenure," added Hayes. "On behalf of our board, our executive team and the entire Tyson Foods family, I want to thank him for his countless contributions during his long and distinguished tenure."
To ensure a smooth transition, Glendinning will join the company on December 11, 2017, succeeding Leatherby in his capacity as CFO on February 10, 2018. Leatherby will stay with the company in an advisory capacity until April 2018.
"Tyson Foods is primed to launch its next phase of growth and now is the right time for me to pursue the next chapter in my life, including spending more time with my extremely supportive family and friends," said Dennis Leatherby. "I am extremely proud of what this organization has been able to achieve in my nearly three decades here, and I am honored to have been part of a fabulous leadership team. Many more good things are ahead for this great company."
We at Deli Market News congratulate both Leatherby and Glendinning and wish them the best in their future endeavors.