Management ChangeJun 8, 2026, 08:11 AM
Tyson Foods Names Wes Morris COO; Devin Cole Departs
AI Summary
Tyson Foods, Inc. announced the appointment of Wes Morris as its new Chief Operating Officer (COO), effective June 15, 2026. Concurrently, Devin Cole will step down from the COO role on the same day. Morris, who previously served as the company's Group President, Poultry, brings over 20 years of experience with Tyson Foods. His compensation package includes an annual base salary of $1,350,000, an annual incentive target of 160% of base salary, and an annual long-term incentive target of $5,900,000, along with an initial restricted stock unit award of $1,500,000.
Key Highlights
- Wes Morris appointed Chief Operating Officer, effective June 15, 2026.
- Devin Cole will step down as COO on the same date.
- Morris's annual base salary is $1,350,000.
- Annual incentive target set at 160% of base salary.
- Annual long-term incentive target is $5,900,000.
- Received an initial Restricted Stock Unit Award of $1,500,000.
- Severance includes two years' base salary and 18 months medical coverage.
- Entitled to 30 hours of personal use of company aircraft annually.
Price Impact
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