Tyson Foods, Inc.: Jeff Schomburger to Succeed Donnie King as President/CEO

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Tyson Foods, Inc.: Jeff Schomburger to Succeed Donnie King as President/CEO

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Tyson Foods, Inc.

Jeff Schomburger to Succeed Donnie King

as President/CEO

Maintain Rating: NEUTRAL | PO: 70.00 USD | Price: 63.40 USD

CEO succession 28 May 2026

This morning, Tyson Foods (TSN) announced that Jeff Schomburger will become Equity

President and CEO effective October 4, 2026, with a transition beginning in July,

Peter T. Galbo, CFA

succeeding Donnie King who will remain on the Board. Schomburger has signed a three- Research Analyst

year contract and has served on Tyson’s Board since 2016 (Lead Independent Director BofAS peter.galbo@bofa.com

since 2025), providing familiarity with the business. He brings significant CPG

Chris Downing

experience from his 35-year tenure at Procter & Gamble, where he most recently served Research Analyst

as Global Sales Officer prior to retiring in 2019. The timing of the transition broadly BofAS christopher.downing@bofa.com

aligns with King’s five-year commitment as CEO when he originally took the role in Yasmine Deswandhy

2021, with management noting he extended his contract and remains under contract Research Analyst

through 2027 (including Board and advisor service), suggesting an orderly and planned BofASyasmine.deswandhy@bofa.com

transition. Notably, the company reaffirmed its fiscal 2026 guidance alongside the

announcement.

Strategic perspective Stock Data

From our perspective, Donnie King’s tenure has helped to stabilize TSN’s most Price 63.40 USD

important segment, Chicken, with meaningful operational improvement. As highlighted Price Objective 70.00 USD

in our initial June 2021 note when King was appointed CEO, a key priority was to drive a Date Established 4-May-2026