Tyson Meals, America’s largest meat processor, reported document fiscal revenues of $53.28 billion and internet revenue of $3.249 billion. twenty one).

Tyson Meals CEO Donnie King’s complete compensation was $12,014,000, up 33% from final yr. King’s base wage is his $1.296 million, up from his $980,464 final yr. Inventory compensation he elevated to $5.125 million, a 39% enhance yr over yr. His bonus elevated to $3,432,000 and is tied to the corporate’s total monetary efficiency. Final yr, King’s bonuses totaled him $2.679 million. King additionally obtained his inventory choices for $1.65 million, in comparison with his $1.425 million earned a yr earlier. Different compensation this yr elevated from $245,284 a yr in the past to his $509,698. King can also be a member of the Board of Administrators who receives no extra compensation.

Stewart Glendinning served as the corporate’s chief monetary officer for a number of years, together with fiscal 2022. His complete compensation dropped from $5.238 million a yr in the past to $4.438 million. Glendinning’s base wage is unchanged from final yr at his $787,000, with bonuses and inventory compensation barely decrease than in the identical interval final yr. Glendinning then went on to handle the corporate’s ready-to-eat division.

Glendinning was changed by John R. Tyson as CFO initially of fiscal yr 2022. Tyson’s earnings aren’t a part of the proxy submitting, however his base wage was $650,000 a yr on his contract, which was introduced in September. Glendinning took over the function of president of ready meals, which was vacated by Noelle O’Marra final yr. O’Marra earned $4.641 million in gross income final yr at Tyson Meals.

Chief Know-how Officer Scott Spradley’s complete compensation was $4,982,000. His base wage was $696,615, with annual bonuses totaling $1,121,000. Spradley additionally earned over $2 million in inventory and choice awards and $191,546 in different incentives.

Amy Tu, chief authorized counsel and company secretary of Tyson Meals, had gross revenues of $4.982 million, up from $4.73 million the earlier yr. Tu’s base wage rose to her $727,000, up 13% yr over yr. Her inventory and choices compensation elevated from $2.375 million a yr in the past to her $2.686 million. Bonuses decreased from her $1.476 million final yr to her $1.276 million. Her different compensation was her $268,000, equal to 1 yr.

Tu was not too long ago promoted to President and Chief Administrative Officer of the Worldwide Enterprise Unit, increasing his management roles as Chief Authorized Officer, Secretary, World Governance and Company Affairs. The function of Worldwide President, which Tu assumed, was not too long ago held by Chris Langholz. Langholtz’s complete compensation earlier than his dismissal was $4.405 million, down from $5.289 million the yr earlier than.

Tyson Meals additionally introduced that Shane Miller, who headed the corporate’s contemporary meat enterprise in Dakota Dunes, South Dakota, is retiring and won’t be relocating to northwest Arkansas. The corporate has named Smithfield govt Brady Stewart to exchange Miller early subsequent yr. Reporting on to his King, Stewart will probably be accountable for Tyson Meals’ beef and pork divisions. The corporate stated it would give attention to optimizing enterprise processes and enhancing effectivity throughout its enterprise segments.

Stewart has over 20 years of expertise within the meat protein enterprise. Throughout his tenure at Smithfield, Stewart led the corporate’s pig farming operations, overseeing greater than 500 company-owned farms and 46 manufacturing services. He additionally labored on the vertical integration of the availability chain. Stewart led Smithfield’s home provide chain procurement and procurement, transportation, warehousing and logistics. He labored at Smithfield for 5 years, and at Pine Ridge Farms and its sister firm, Kansas Metropolis, the place he served as a director for fourteen years.

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