Tyson Foods names Jeffrey Schomburger as CEO, replacing Donnie King in October

Filed May 28, 2026 · Period ending May 28, 2026 · ~1 min read

Key Changes

• high

  Jeffrey Schomburger, current Lead Independent Director, will become CEO on October 4, 2026. He previously led global sales at Procter & Gamble and managed P&G's Walmart relationship for a decade.

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• high

  Current CEO Donnie King steps down October 4 but will stay with the company to assist in the transition and remain on the Board, indicating an orderly leadership change.

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• medium

  Schomburger's compensation package totals over $17 million annually: $1.6M base salary, $3.2M target bonus (200% of base), and $11M in long-term incentives, plus a $2.8M initial equity grant.

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