The CEO of Tyson Foods has resigned after eight months on the job.
Dean Banks, who joined Tyson’s board in 2017 and became CEO last October, has stepped down and withdrawn from the board, the company confirmed June 2. No factor other than “personal reasons” was given.
Banks has been replaced by Donnie King, who has worked for Tyson for three decades and was named chief operating officer earlier this year.
Banks was seen at the time as an unusual hire, with no background in meat or CPGs generally. He had been an executive at Alphabet, the parent company of Google.
Tyson has had a fraught time both before and during the pandemic, with five CEOs in five years.