11/19/2009 - Tyson Foods (NYSE:TSN) announced that the Board of Directors has chosen Donnie Smith as president and CEO, effective immediately. Smith is currently the senior group vice president of Poultry and Prepared Foods. Additionally, Jim Lochner, who is currently senior group vice president of Fresh Meats, has been named COO. Chairman John Tyson said, "The Tyson Board and the Tyson family congratulate Donnie Smith and Jim Lochner and wish them the best for the future success of our company. We appreciate Leland Tollett stepping into the CEO role earlier in the year and working so hard to help turn the company around. Significant progress has been made. I have worked with both Donnie and Jim for a number of years and am convinced that they are the right leadership team for this next phase in the evolution of our company. Their extensive experience inside the company has fully prepared them to continue the progress we have made in the last year."

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