Tyson Foods Inc. (NYSE: TSN) announced that Jeff Schomburger will become president and chief executive officer effective October 4, 2026, succeeding Donnie King after a transition period beginning in July.

Schomburger has served on Tyson Foods' board of directors since 2016 and currently holds the position of lead independent director. He previously spent 35 years at Procter & Gamble, retiring as global sales officer in 2019.

During his tenure on the board, Schomburger has served on multiple committees including compensation, audit and strategy & acquisition, becoming chair of strategy and acquisition in 2021. John H. Tyson, chairman of the board, stated that Schomburger's experience will help accelerate strategic priorities and enhance customer relationships.

King, who has worked at Tyson Foods for 43 years, will remain on the board of directors and assist with the leadership transition. The company stated that King led the business through the COVID-19 pandemic and improved execution to grow profits and strengthen the balance sheet.

Tyson Foods reaffirmed its previously issued total company guidance for fiscal 2026. The Springdale, Arkansas-based company operates as a protein producer with brands including Tyson, Jimmy Dean, Hillshire Farm and Ball Park. The company employed approximately 133,000 people as of September 27, 2025.

Information in this article is based on a company press release statement.