Tyson Foods appoints Lori Bondar as SVP and CAO; Thomas steps down
TYSON FOODS, INC.
Appointed Lori Bondar (age 62) as SVP and Chief Accounting Officer effective Dec 4, 2023; previously VP, Controller, CAO and Treasurer at Avery Dennison.
Phillip Thomas steps down as CAO but remains VP and Controller, focusing on reporting requirements and corporate transformation.
Compensation includes $500k salary, 70% target incentive, $100k sign-on (repayable in 2 years), $600k savings plan contribution, $1.4M RSU award vesting over 3 years, and $300k annual LTI target.
Eligible for $12,000 annual Executive Rewards Allowance and relocation benefits.
In connection with the appointment, Phillip Thomas will step down as Chief Accounting Officer, and will continue in his role as Vice President and Controller of the Company, focusing more extensively on certain upcoming reporting requirements and corporate transformation initiatives.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Lori Bondar was appointed as Senior Vice President and Chief Accounting Officer at TYSON FOODS, INC..
Action
appointed
Role
Senior Vice President and Chief Accounting Officer
Exact text from the filing
On December 4, 2023, Tyson Foods, Inc. (the “Company”) appointed Lori Bondar as Senior Vice President and Chief Accounting Officer.
Phillip Thomas changed role as Chief Accounting Officer at TYSON FOODS, INC..
Action
step down
Role
Chief Accounting Officer
Exact text from the filing
In connection with the appointment, Phillip Thomas will step down as Chief Accounting Officer, and will continue in his role as Vice President and Controller of the Company, focusing more extensively on certain upcoming reporting requirements and corporate transformation initiatives.
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