Tyson Replaces CEO Dean Banks After Eight Months on the Job

Tyson Foods Inc. replaced its chief executive officer after roughly eight months on the job as the elite US mean company contends with restrictions with production and fallout from Covid-19. Dean Banks resigned from the CEO role and Tyson’s board of directors, the company stated on Wednesday. Donnie King was succeeded immediately by a three-decade veteran of the Arkansas company who earlier this year was named chief operating officer.Mr. Banks Decided to leave Tyson for personal reasons. He didn’t immediately respond to a request for comment. Mr. King wasn’t available for an interview, according to a Tyson spokesman.The sudden change at the top of the largest US meat processor by sales makes Mr. King Tyson’s fifth chief executive in as many years. A Tyson spokesman stated that while the CEO plays an important role, the company’s leadership team is also responsible for pushing Tyson forward.