DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Tyson Foods Inc"


8 mentions found


☆ Beyond Meat cuts revenue view, jobs as inflation hits plant protein demand
  + stars: | 2022-10-14 | by ( ) www.reuters.com   time to read: +2 min
Oct 14 (Reuters) - Beyond Meat on Friday cut its annual revenue forecast for the second time due to slowing demand for faux meat as consumers look for cheaper options to beat rising prices and announced jobs cuts as well as executive departures. The plant-based meat producer plans to cut 200 jobs this year and said its finance chief Philip Hardin, who has been in the role for just over a year, will leave at the end of the month. FILE PHOTO - A Beyond Meat Burger is seen on display at a store in Port Washington, New York, U.S., June 3, 2019. "We are significantly reducing expenses and sharpening our focus on a set of key growth priorities," Chief Executive Officer Ethan Brown said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Aishwarya Venugopal and Mehr Bedi in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
☆ Beyond Meat announces layoffs, cuts revenue forecast as inflation hits demand
  + stars: | 2022-10-14 | by ( ) www.reuters.com   time to read: +2 min
Oct 14 (Reuters) - Beyond Meat said on Friday it would cut 200 jobs and slashed its annual revenue forecast for the second time, citing slowing demand for faux meat as consumers look for more cheaper options to beat rising prices. The company also announced the departure of finance chief Philip Hardin at the end of the month and named board director Lubi Kutua as his replacement. Shares fell more than 10% before the bell, with the company saying rising competition as another reason for the forecast cut. The company said it would incur a one-time cash charge of about $4 million related to the job cuts in the fourth quarter. Beyond Meat, which had about 1,100 employees at the end of last year, expects the reduction in workforce to be complete by the end of year.
☆ Tyson Overhauls Management as Meat Giant’s Profits Are Pressured
  + stars: | 2022-09-29 | by ( Patrick Thomas | ) www.wsj.com   time to read: 1 min
John R. Tyson, the 32-year-old great-grandson of the founder of Tyson Foods, has been appointed the company’s chief financial officer. Tyson Foods Inc. is overhauling its executive ranks as the largest U.S. meat supplier’s costs rise and some sales slow, pressuring the company’s bottom line after two years of soaring margins. The Arkansas company this week shifted executives into new roles heading finance, commercial operations and prepared foods, including appointing John R. Tyson , the 32-year-old great-grandson of the company’s founder, as chief financial officer.
☆ Smithfield Foods to pay $75 mln in pork price-fixing settlement
  + stars: | 2022-09-28 | by ( Jonathan Stempel | ) www.reuters.com   time to read: +2 min
Sept 27 (Reuters) - Smithfield Foods Inc has agreed to pay $75 million to settle a lawsuit by consumers who accused the meat producer and several competitors of conspiring to inflate prices in the $20 billion-a-year U.S. pork market by limiting supply. The accord follows the judge's Sept. 14 approval of a similar $20 million settlement between consumers and JBS SA (JBSS3.SA), one of Smithfield's largest rivals. The Smithfield, Virginia-based company, a unit of WH Group Ltd (0288.HK), denied liability but settled to avoid the uncertainty, risk and cost of litigation, settlement papers show. In the pork litigation, Smithfield previously reached settlements of $83 million with so-called "direct" purchasers such as Maplevale Farms and $42 million with commercial purchasers, a group that includes restaurants. The case is In re Pork Antitrust Litigation, U.S. District Court, District of Minnesota, No.
☆ Factbox: U.S. companies gird themselves as Hurricane Ian makes landfall
  + stars: | 2022-09-28 | by ( ) www.reuters.com   time to read: +6 min
Sept 28 (Reuters) - Hurricane Ian makes landfall in Florida with Category 4 fury on Wednesday, pushing residents to empty grocery shelves, board up windows and rush to evacuation shelters. Since then, it has been working to redeploy offshore personnel after determining Hurricane Ian no longer posed a significant threat to its assets. A spokesperson said the company was monitoring the hurricane and making adjustments to operations to keep warehouse staff and drivers safe. Costco Wholesale Corp closed nine stores located in Florida due to an impact of Hurricane Ian. CRUISE OPERATORSWalt Disney Co's Disney Cruise Line on Tuesday canceled its Disney Wish ship that was to set sail from Florida on Friday.
☆ Tyson Foods Promotes Chairman’s Son to CFO Role
  + stars: | 2022-09-27 | by ( Mark Maurer | ) www.wsj.com   time to read: +2 min
Tyson Foods Inc. promoted the chairman’s son to be its new finance chief as the meat producer navigates higher costs for worker wages and animal feed. The Springdale, Ark.-based company on Tuesday said it named John R. Tyson as executive vice president and chief financial officer, effective Oct. 2. Mr. Tyson, who currently serves as executive vice president of strategy and chief sustainability officer, is set to succeed Stewart Glendinning. John R. Tyson in his new role will continue to oversee enterprise strategy and sustainability activities for the company. In his new role, Mr. Tyson will continue to oversee enterprise strategy and sustainability activities for the company, Tyson said.
☆ Tyson Foods Shuffles Leadership Team
  + stars: | 2022-09-27 | by ( Denny Jacob | ) www.wsj.com   time to read: 1 min
Tyson Foods Inc. on Tuesday shuffled its leadership team. The meat processor said Stewart Glendinning will transition to group president, prepared foods from his current role as executive vice president and chief financial officer. The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. John Tyson succeeds Mr. Glendinning as CFO. Amy Tu has been named president, international and chief administrative officer, expanding her current role as executive vice president, chief legal officer and secretary, global governance and corporate affairs.
☆ Beyond Meat suspends COO after arrest for allegedly biting man's nose
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +1 min
Register now for FREE unlimited access to Reuters.com RegisterA guest wears a hat during the Beyond Meat IPO at the Nasdaq Market site in New York, U.S., May 2, 2019. REUTERS/Brendan McDermidSept 20 (Reuters) - Beyond Meat Inc's (BYND.O) Chief Operating Officer Doug Ramsey has been suspended effective immediately, the company said on Tuesday, following reports of the executive's arrest for allegedly biting a man's nose during an altercation. The plant-based meat producer said the operations activities will be overseen on an interim basis by Jonathan Nelson, senior vice president of manufacturing operations. Register now for FREE unlimited access to Reuters.com RegisterRamsey was detained on Saturday on charges of third-degree battery and for threatening, according to court records. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
<< prev 2 next >>
Total: 8