Outgoing Tyson CEO Tom Hayes leaves behind a skeptical, sentimental workforce

2 months ago by James Mattone in Facts, News

On September 17, the chicken, beef, and pork processing giant Tyson Foods ($NYSE:TSN) announced that its CEO Tom Hayes was stepping down "for personal reasons" at the end of the month.

Under Hayes, Tyson saw steady growth with several major acquisitions, including its latest $2.16 billion purchase of Keystone Foods, which supplies fast food companies like McDonald's and retail stores with meat. It also invested in meat alternatives, including the plant protein producer Beyond Foods.

At the same time, Hayes' employees have shown that they've been relatively satisfied with his management of the company, writing above-average reviews about their CEO on Glassdoor. Given that Glassdoor reports the average CEO approval rating at 69%, Hayes is considered one of the more favorable CEOs in America today, even if his rating slipped over time as his review count increased.

Working at Tyson Foods under Hayes was also considered a positive experience according to these Glassdoor reviews. Over the past year, less people have recommended working at Tyson Foods on average, but the majority of them — 60% — would recommend a friend or colleague to work at Tyson.

In terms of life after Hayes, employees are close to neutral when it comes to Business Outlook, or where they think the company will be in the next six months.

This shaky outlook could be because of looming tariffs that could affect Tyson's export market, or the fact that chicken wing prices are hitting a seven year low thanks to a decrease in demand from consumers. Whatever the case may be, those 18,374 employees claiming they work for Tyson on LinkedIn will enter a new chapter in October when Noel White, currently the Group President for Tyson's Beef, Pork and International division, takes over.

James Mattone

James is a recent Boston University graduate who calls the world of esports and video games his home. As a young journalist, he has already covered two E3 expos a...

Learn more about Thinknum data today Request demo

Request a demo

We would love to show you how Thinknum will benefit your investment process. To get started, fill out the form and we'll contact you shortly to schedule your demo.

The best of media, delivered to you

Get a newsletter of our most popular stories of the week.