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Banks named president of Tyson Foods

Banks named president of Tyson Foods

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SRINGDALE, Ark. -- Tyson Foods Inc. announced Wednesday its board of directors has named independent director Dean Banks, 46, as president of the company, effective Dec. 20.

Dean Banks

Banks

Noel White, 61, currently president and chief executive officer, will continue as CEO. In his new role, Banks will report to White and oversee the company’s business segments.

Banks will remain a member of the Tyson Foods board and will be considered a non‐independent director, according to a press release. 

Tyson board chairman John Tyson said he got to know Banks well over the last several years, particularly during his tenure on the Tyson board, where "he has demonstrated that he is a thoughtful leader who respects and appreciates the historical Tyson Foods culture."

"As the board reflected on its talent acquisition and development pipeline, it became apparent, given Dean’s strong cultural fit with our organization and unique leadership experience and background in innovation and technology, that we could benefit from his distinctive abilities and personality on our enterprise leadership team," Tyson said.

"Dean brings a unique skillset and broad experience – including serving as a Marine, an entrepreneur, a start‐up investor, and a technologist – that will augment our next generation of leadership as it shapes the future of our company."

Arkansas-based Tyson operates a plant in Dakota City, two in Storm Lake and a cold storage facility in Sioux City. Its fresh meats division headquarters is in Dakota Dunes. 

Tyson employs as many as 141,000 people throughout the company and is the producer of products including Jimmy Dean, Hillshire Farm, Ball Park and State Fair. It purchased Dakota Dunes-based IBP in 2001. 

Banks joined the Tyson Foods enterprise leadership team from X, an Alphabet Inc. company (formerly known as Google [x]), where he has been a member of the leadership team since 2016 and started and led multiple projects.

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