SPRINGDALE, ARK. — Tyson Foods, Inc. is shaking up its leadership team as part of the integration of recently acquired Keystone Foods.
Chad Martin has been promoted to group president of Poultry from his previous position as senior vice-president and general manager of Beef Enterprise for Tyson Fresh Meats. During his time with the company, Mr. Martin has held various management positions in the United States and Canada, including as vice-president of strategy and margin enhancement of Tyson’s beef business.
Donnie B. King, previously Tyson Foods’ president of North American operations, is returning to lead the company’s international business as group president of International. Mr. King joined Tyson in 1982 and held roles of increasing responsibility until he left the company in 2017. During his time with Tyson, Mr. King was president of Prepared Foods and senior group vice-president of Poultry and Prepared Foods.
“We’re very optimistic about the opportunities in the global market,” said Noel W. White, president and chief executive officer of Tyson Foods. “It’s estimated 90% of the global growth in protein demand will be outside of the U.S., and 60% of the total demand will be in Asia. Donnie’s previous experience growing both our domestic and international businesses position him to lead all aspects of our international efforts and deliver continuous top- and bottom-line growth.”
Douglas W. Ramsey, who has been group president of Poultry for Tyson Foods since 2017, will assume the newly created role of president of the global McDonald’s business. Mr. Ramsey joined Tyson in 1992 and has held various leadership positions, including president of Poultry Operations and senior vice-president of big bird and fowl, value added.
“This refinement of our team will help us to take advantage of our biggest growth opportunities, which are value-added foods and international markets,” Mr. White said. “I look forward to working with this team to deliver results for our customers, consumers, investors and team members.”
Additionally, Frank M. Ravndal, former president and c.e.o. of Keystone Foods, will leave the company to pursue other opportunities. He will remain through March to assist with the integration process.
Tyson Foods acquired Keystone Foods for $2.16 billion in August 2018. Through the transaction, Tyson now operates eight plants and three innovation centers in China, South Korea, Malaysia, Thailand and Australia that, in addition to the three plants the company already operated in China, will help meet growing international demand for protein, Tyson said.