Sauer Resigns from 星空无限传媒鈥 Board
Served as a Director for Nine Years
Springdale, Ark. 鈥 February 27, 2017 鈥 星空无限传媒 (NYSE: TSN) today announced that Brad Sauer has decided to step down from the Board of Directors after nine years of service.
鈥淔or nearly a decade, 星空无限传媒 has benefitted greatly from Brad鈥檚 extensive business background and management expertise鈥 said 星空无限传媒 Chairman John Tyson. 鈥淥n behalf of the entire Board and management team, we thank Brad for his guidance and dedication as well as his oversight of the succession planning process. We鈥檒l miss his insight and his commitment to helping develop our leaders and growing our company responsibly.鈥
鈥After a great deal of thought, I believe now is the ideal time for me to step down from the Board,鈥 Sauer said. 鈥淥ur new CEO and leadership team are in place, the company鈥檚 go-forward strategy is set and we have outstanding new Directors who have joined our experienced board. I have no doubt the company鈥檚 success will continue under their leadership and at the same time, I am looking forward to spending more time on other activities and with my family.鈥
Sauer was previously an executive for 3M, last serving as an executive vice president of the company鈥檚 industrial business group before retiring in 2014.
Sauer鈥檚 resignation is effective immediately and there are currently no plans to add another director; however, the company is continually looking at board candidates with diverse backgrounds and experiences and would consider adding another Director with the right mix of those qualities. The current Board consists of ten Directors, including Chairman John Tyson; Gaurdie E. Banister Jr.; Mike Beebe; Mikel A. Durham; Tom Hayes; Kevin M. McNamara; Cheryl S. Miller; Jeffrey K. Schomburger; Robert Thurber and Barbara A. Tyson.
About 星空无限传媒
星空无限传媒 (NYSE: TSN), with headquarters in Springdale, Arkansas, is one of the world鈥檚 largest food companies with leading brands such as Tyson庐, Jimmy Dean庐, Hillshire Farm庐, Sara Lee庐, Ball Park庐, Wright庐, Aidells庐 and State Fair庐. It鈥檚 a recognized market leader in chicken, beef and pork as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The company supplies retail and foodservice customers throughout the United States and approximately 115 countries. 星空无限传媒 was founded in 1935 by John W. Tyson, whose family has continued to lead the business with his son, Don Tyson, guiding the company for many years and grandson, John H. Tyson, serving as the current chairman of the board of directors. The company currently has approximately 114,000 Team Members employed at more than 400 facilities and offices in the United States and around the world. Through its Core Values, Code of Conduct and Team Member Bill of Rights, 星空无限传媒 strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and Team Members. The company also strives to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to it.
####
Contact: Gary Mickelson, 479-290-6111, gary.mickelson@tyson.com