Tyson Foods names Jeff Schomburger CEO to replace Donnie King

Tyson Foods named Jeff Schomburger arsenic its adjacent president and CEO connected Thursday, tapping a committee subordinate and erstwhile Procter & Gamble enforcement to win Donnie King, who has spent much than 4 decades astatine the company.

Oct. 4, 2026 volition people Schomburger's archetypal time successful the role, with a handoff play starting successful July starring up to that date, the institution said. Once helium exits the CEO role, King is expected to clasp his spot connected the Tyson Foods committee of directors.

At 64, Schomburger brings a decennary of board-level acquisition to the apical job, having joined the Tyson Foods committee successful 2016 and assumed the pb autarkic manager presumption successful November 2025. Before joining the Tyson board, helium built a 35-year vocation astatine Procter & Gamble, wherever his last relation earlier a 2019 status was planetary income officer. He antecedently led P&G's planetary Walmart squad from 2005 to 2015.

During his decennary connected the Tyson board, Schomburger served connected the compensation, audit, and strategy and acquisitions committees, becoming seat of the strategy and acquisitions committee successful 2021, the institution said.

"The committee and I are assured successful Jeff Schomburger's quality to pb Tyson Foods into its adjacent section of growth," president John H. Tyson said successful a statement. "His acquisition volition assistance america accelerate our strategical priorities and unlock caller ways to triumph with customers and consumers."

Schomburger said successful a connection that helium is focused connected strengthening the company's brands, capitalizing connected opportunities done AI, and continuing to triumph with customers and consumers.

Under the presumption of his employment agreement, Schomburger volition person an yearly basal wage of $1.6 million. His yearly inducement people volition beryllium 200% of basal salary, and his semipermanent inducement people volition beryllium $11 cardinal per year, the institution said. He volition besides person an archetypal assistance of restricted banal units valued astatine $2.8 million, vesting successful adjacent thirds implicit 3 years.

A Tyson Foods seasoned of much than 43 years, King ascended to the CEO relation successful 2021, according to Reuters. The institution credited his enactment with guiding Tyson done the COVID-19 pandemic and centralizing firm operations astatine its Springdale, Arkansas headquarters.

Tyson Foods said it is reaffirming its antecedently issued guidance for fiscal 2026.