Tyson Foods appoints Wes Morris as COO, effective June 15; Devin Cole retires
TYSON FOODS, INC.
Wes Morris, former Group President Poultry, named COO, overseeing Chicken, Beef, Pork, Prepared Foods and International.
Devin Cole steps down as COO and will retire; separation agreement terms to be disclosed later.
Employment agreement includes base salary $1.35M, annual incentive at 160% of base, long-term incentive target $5.9M.
Initial restricted stock unit award of $1.5M granted, vesting in one-third tranches over three years.
Morris subject to 24-month non-compete and 36-month non-solicitation post-employment; eligible for severance of two years base salary plus pro-rata bonus.
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