Dick Bond, the president and CEO of Tyson Foods has unexpectedly quit the family-owned US meat producer.
It is being reported that non-family executive Bond did not appreciate the increased involvement of Don Tyson, the 78-year-old son of the company’s founder who controls roughly 70% of the voting shares.
Tellingly, no thanks or praise was offered to Bond in the press statement released by the Arkansas-based organisation, which is the world’s largest processor and marketer of chicken, beef and pork.