Meatpacker Tyson Foods hires new CFO
Glendinnin, a former executive of KPMG and beer multinational Molson Coors, succeeds current incumbent Dennis Leatherby, who will have held the CFO post for over a decade when he exits Tyson in April 2018.
In his most recent role as CEO of Molson Coors Brewing Company, Glendinnin led the company to brand volume growth, something he may need to help Tyson Foods deliver as the business aims to reshape itself as a leading, sustainable food producer.
Can Glendinnin brew success at Tyson?
“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, 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 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.”
On his appointment, Glendinnin said: “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.
“I look forward to working with Tom as part of his leadership team to help realise the company’s strategic and operational goals and to support brands that have been such an important part of how we eat for generations.”
On his departure, Leatherby said: “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.
“I am extremely proud of what this organisation has been able to achieve in my nearly three decades here and I am honoured to have been part of a fabulous leadership team. Many more good things are ahead for this great company.”