Phillip Thomas will be appointed as vice president, controller and chief accounting officer of Tyson Foods, effective April 6, the company announced in an April 2 securities filing.
This will be the second time Thomas has held those titles with Tyson Foods, having previously worked in those capacities from July 2020 through December 2023. During the time between, Thomas was vice president and controller for Tyson Foods.
As Thomas takes on different responsibilities, he will receive an annual base salary of $360,574 and will continue to be eligible to participate in the company’s annual incentive plan, with a target annual incentive of 55% of his base salary. Additionally, he continues to be eligible to participate in the company’s long-term incentive program. His annual long-term incentive target award is $175,000, with the mix of such award being weighted at 75% restricted stock units and 25% performance stock, the securities filing stated.
Tyson also announced that Lori Bondar, presently the senior vice president and chief accounting officer, is stepping down from the latter of those two roles, as she intends to retire from Tyson before the conclusion of the fiscal year. She will remain in the senior vice president role to assist with the transition.
Headquartered in Springdale, Arkansas, Tyson Foods ranks as the United States’ largest broiler producer, sixth largest turkey producer and third largest feed producer.
