BUSINESS BRIEFING / FOOD
Times Staff and Wire Services
Tyson Foods Inc. said its president and chief executive, Dick Bond, would step down immediately and be replaced by a former CEO as the world’s largest meat processor continues to weather a downturn in the industry.
Bond, who had been CEO since 2006, will be replaced on an interim basis by former Chairman and Chief Executive Leland Tollett, the Springdale, Ark., company said. Tollett was CEO from 1995 until he retired in 1998 after nearly 40 years with the company.