Tyson Foods has appointed Stewart F. Glendinning chief financial officer (CFO), effective February 10, 2018.
Dennis Leatherby, who has served Tyson Foods as CFO since 2008, will remain in that capacity until that date. To ensure a smooth transition, Glendinning will join the company on December 11, and Leatherby will stay with the company until April 2018.
Glendinning joins Tyson Foods from Molson Coors Brewing Company, where he served as president & CEO, International. He began his career at Molson Coors in 2005 as CFO, UK, and subsequently held the positions of global CFO, President & CEO, UK; and president & CEO, Canada. Prior to that, Glendinning served in senior financial positions with The Hackett Group and KPMG.
“Stewart’s background in both finance and operations will be an important asset to our team as we continue Tyson Foods’ transformation to a modern food company,” said Tom Hayes, president and CEO of Tyson Foods. “In the past year, we have made great progress in building our strategy to grow through differentiated capabilities, deliver ongoing financial fitness through continuous improvement and to sustain our company and our world for future generations. Stewart’s expertise will add depth and dimension as we continue to focus on providing sustainable food at scale to deliver value to all of our stakeholders.
“During his 28 years at Tyson Foods, especially his almost decade as CFO, Dennis has been a critical factor in our growth, helping guide the strategic repositioning of the company and our acquisition program during his tenure,” added Hayes. “On behalf of our board, our executive team and the entire Tyson Foods family, I want to thank him for his countless contributions during his long and distinguished tenure.”
“Tyson Foods is primed to launch its next phase of growth and now is the right time for me to pursue the next chapter in my life, including spending more time with my extremely supportive family and friends,” stated Leatherby. “I am extremely proud of what this organization has been able to achieve in my nearly three decades here and I am honored to have been part of a fabulous leadership team. Many more good things are ahead for this great company.”
“This is an exciting time for Tyson Foods, with incredible opportunities to build on the breadth and scope of its standing as one of the world’s premier food companies,” said Glendinning. “I look forward to working with Tom as part of his leadership team to help realize the company’s strategic and operational goals and to support brands that have been such an important part of how we eat for generations.”