Tyson Foods Appoints Jeff Schomburger as New CEO, Succeeding Donnie King
Tyson Foods announced on May 28, 2026, that board member and former Procter & Gamble executive Jeff Schomburger will become its new president and CEO, effective October 4, 2026. He succeeds Donnie King, a 43-year company veteran who led through the pandemic and will remain on the board. Schomburger, 64, brings 35 years of consumer goods experience and plans to strengthen brands, leverage AI, and address challenges in the beef segment, which posted a $240 million loss. The company reaffirmed its fiscal 2026 guidance.
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Tyson Foods Promotes Insider Wes Morris to Chief Operating Officer
Tyson Foods has appointed Wes Morris as its new chief operating officer, effective June 15, 2026. Morris, who most recently served as group president of poultry, will oversee the company's chicken, beef, pork, prepared foods and international businesses. He succeeds Devin Cole, who is retiring. This marks the second major C-suite change for Tyson in recent weeks, following the announcement that Jeff Schomburger will become CEO in October. Morris originally joined Tyson in 1999 and retired in 2017 as president of prepared foods operations before returning as a consultant in 2020 and later as group president of poultry in 2023. The leadership changes come as Tyson manages declines in its beef business due to record-high cattle prices, while its chicken business has shown growth. Tyson produces about 20% of U.S. beef, pork and chicken and owns brands including Jimmy Dean, Hillshire Farm and Ball Park.
Yahoo FinanceTyson Foods makes another executive change as Wes Morris takes COO role
Tyson Foods announced another executive change on June 8, 2026, appointing company veteran Wes Morris as Chief Operating Officer, effective June 15. Morris, who has over 20 years at Tyson and previously led prepared foods and poultry businesses, will oversee operations across all product divisions including the challenging beef sector. He replaces retiring COO Devin Cole. This follows a broader leadership reshuffle where current CEO Donnie King will step aside for Jeff Schomburger, who becomes CEO on October 4. King will remain on the board. Schomburger praised Morris's operational track record, while Morris expressed commitment to operational discipline and growth execution.
Yahoo FinanceTyson Foods names Jeff Schomburger CEO to replace Donnie King
Tyson Foods announced on May 28, 2026, that board member and former Procter & Gamble executive Jeff Schomburger will become its next president and CEO, succeeding Donnie King. Schomburger, 64, will assume the role on October 4, 2026, with a transition period starting in July. King, a 43-year Tyson veteran who led the company through the COVID-19 pandemic, will retain his board seat. Schomburger joined the Tyson board in 2016 and served as lead independent director since November 2025. His compensation includes a $1.6 million base salary, 200% annual incentive target, and $11 million long-term incentive target. Schomburger stated his focus on strengthening brands, leveraging AI, and winning with customers. Tyson Foods reaffirmed its fiscal 2026 guidance.
Yahoo FinanceTyson Foods names Jeff Schomburger CEO to replace Donnie King
Tyson Foods announced on May 28, 2026 that board member and former Procter & Gamble executive Jeff Schomburger will become its next president and CEO, succeeding Donnie King who has spent over 43 years at the company. Schomburger, 64, will assume the role on October 4, 2026, with a transition period starting in July. He joined the Tyson board in 2016 and became lead independent director in November 2025. His 35-year P&G career included serving as global sales officer and leading P&G's global Walmart team. Schomburger's compensation includes a $1.6 million base salary, 200% annual incentive target, and $11 million long-term incentive target. Outgoing CEO King will retain his board seat. The company reaffirmed its fiscal 2026 guidance.
Yahoo FinanceTyson Foods Appoints Director Jeff Schomburger as New CEO
Tyson Foods has appointed director Jeff Schomburger as its new CEO, effective October 4. Schomburger, a former Procter & Gamble executive who spent a decade on the Tyson board, will succeed Donnie King, who led the company since 2021 and will remain on the board. Chairman John H. Tyson expressed confidence in Schomburger's ability to lead the company's next growth phase, focusing on strategic priorities and customer wins. Schomburger highlighted plans to strengthen brands, leverage AI acceleration, and capitalize on emerging opportunities. King, a four-decade Tyson veteran, was praised for his leadership and cultural impact.
Yahoo FinanceTyson Foods Appoints Director Jeff Schomburger as New CEO
Tyson Foods has appointed board director Jeff Schomburger as its new president and CEO, effective October 4. Schomburger, a former Procter & Gamble executive who spent 35 years at the consumer goods giant, has served on Tyson's board for a decade and was lead independent director since last year. He succeeds Donnie King, who led the company since 2021 and will remain on the board. Chairman John H. Tyson expressed confidence in Schomburger's ability to accelerate strategic priorities and drive growth. Schomburger highlighted plans to strengthen brands, leverage AI, and win with customers and consumers. The leadership change marks a new chapter for the Hillshire Farm brand owner as it navigates the evolving food industry landscape.
Yahoo FinanceTyson Foods hires Jeff Schomburger as CEO
Tyson Foods announced that Jeff Schomburger will become its new president and CEO, effective October 4, 2026, following a transition period starting in July. He succeeds Donnie King, who served as CEO for five years and will remain on the board. Schomburger, a Tyson board member since 2016 and lead independent director since 2025, brings extensive consumer packaged goods experience from a 35-year career at Procter & Gamble. The leadership change comes as Tyson faces challenges in its beef business due to high cattle prices, reporting a $240 million loss in that segment, while its chicken operations remain strong. Tyson, which produces about 20% of U.S. beef, pork, and chicken, reported fiscal 2025 sales of $54.4 billion.
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