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Brady Stewart leaves Tyson Foods ( TSN ) after conduct violation

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Devin Cole appointed COO, overseeing multiple business

segments

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Tyson's beef business struggles with low cattle supplies

By Tom Polansek

CHICAGO, Sept 3 (Reuters) - Tyson Foods' ( TSN ) chief

supply chain officer, who has also overseen its beef, pork and

prepared foods businesses, left the U.S. meatpacker after

violating the company's code of conduct, according to a

statement.

The departure of Brady Stewart is the latest management change

at Tyson Foods ( TSN ), which replaced former Chief Financial Officer

John R. Tyson last year following arrests related to drinking.

Stewart could not immediately be reached for comment on

Wednesday.

"It's concerning to see yet another senior leader at Tyson

Foods ( TSN ) involved in a code of conduct violation," said

Arun Sundaram, equity analyst at CFRA Research.

Tyson Foods ( TSN ) named Devin Cole as chief operating officer and

said he will oversee its beef, pork, prepared foods, poultry and

international business segments. Cole previously led the poultry

and international segments.

Tyson's beef business has been losing money as low U.S. cattle

supplies have forced meatpackers to pay more to buy livestock to

slaughter.

Stewart joined Tyson in January 2023 after previously

working for rival Smithfield Foods ( SFD ), where he was chief

operating officer.

"The company determined certain actions taken by Brady

violated the Tyson Foods Code of Conduct," Tyson said in a

statement on Tuesday. The company did not respond to a request

for more information.

With Stewart's departure, functions including supply chain,

food safety and transportation will report directly to CEO

Donnie King, according to the statement. The company said it

will provide further leadership and organizational updates

before its 2026 fiscal year begins on September 28.

On Thursday, Cole and CFO Curt Calaway are slated to speak

at an investor conference.

Tyson Foods ( TSN ) suspended former CFO John R. Tyson last year

after police in Arkansas arrested and charged him with driving

while intoxicated and careless driving. In August 2024, the

company named Calaway as CFO.

Top management's conduct has come under intense scrutiny in the

corporate world. Food company Nestle said on Monday it

dismissed CEO Laurent Freixe for failing to disclose a romantic

relationship with a subordinate.