Springdale, Ark., May 14, 2012 – Donnie Smith, the president and chief executive officer of Tyson Foods, Inc. (NYSE: TSN) will ring the closing bell at the New York Stock Exchange (NYSE) Tuesday, May 15, marking the company’s 15th anniversary of trading on the well-known securities market.
“Our company has grown significantly since 1997, expanding our chicken business and diversifying our portfolio to include beef, pork and prepared foods,” said Smith. “And, we expect our business to continue to grow as we serve the needs of our customers. We’re currently experiencing our third consecutive year of solid earnings and remain focused on improving our operational efficiencies, adding more value to our products and expanding our international presence.”
Tyson Foods’ sales today are more than five times what they were in 1997, while the company’s overall employment has almost doubled. The company generated sales of $6.4 billion in fiscal 1997 and employed 63,000 people. In fiscal 2011 the company’s sales were $32.3 billion and total employment was 115,000.
Some members of Tyson’s management staff will join Smith as he rings the closing bell at 3 p.m. Central. A live video feed of the event will be accessible through the following website: http://www.nyse.com/attachment/liveflashbell.htm. The closing bell can also be seen live on CNBC.
Other photos and video of the bell ringing will be available by connecting with NYSE Euronext on Facebook (NYSE Euronext-Official Site), YouTube (nysetv1), and Twitter (@NYSE_Euronext), #NYSEBell.
About Tyson Foods
Tyson Foods, Inc. (NYSE: TSN), founded in 1935 with headquarters in Springdale, Arkansas, is one of the world's largest processors and marketers of chicken, beef and pork, the second-largest food production company in the Fortune 500 and a member of the S&P 500. The company produces a wide variety of protein-based and prepared food products and is the recognized market leader in the retail and foodservice markets it serves. Tyson provides products and services to customers throughout the United States and more than 130 countries. The company has approximately 115,000 Team Members employed at more than 400 facilities and offices in the United States and around the world. Through its Core Values, Code of Conduct and Team Member Bill of Rights, Tyson strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and Team Members. The company also strives to be faith-friendly, provide a safe work environment and serve as stewards of the animals, land and environment entrusted to it.