Noel White to Succeed Tom Hayes as CEO of Tyson Foods

Reiterates Revised Earnings Per Share Forecast for 2018 Springdale, Arkansas – September 17, 2018 – Tyson Foods, Inc. (NYSE: TSN) today declared that its board of directors has named Noel White, previously group president of Beef, Pork and International and a member of Tyson Foods’ executive leadership team, as the new president and CEO, effective from September 30, 2018. White, who will also become a member of the board of directors, will take over from Tom Hayes, who is resigning due to personal circumstances. Although the company did not provide GAAP earnings per share (EPS) forecast, it reiterated its revised EPS forecast for the fiscal year 2018 of $5.70 to $6.00, as declared on July 30, 2018. John Tyson, chairman of the board of directors, stated, “Noel is a proven executive who has been a key part of our executive leadership team for many years. He has managed our beef, pork, and poultry divisions and is now helping Tyson Foods leverage international opportunities. His extensive institutional knowledge and an impressive track record over his more than 30-year tenure at Tyson Foods and a predecessor company give the board complete confidence in his ability to propel the business forward, expedite global growth and generate long-term value for shareholders.” Mr. Tyson added, “Tom has expedited the strategic transformation of Tyson Foods’ product portfolio and played a significant role in the company’s ongoing development. The board and I are grateful for his many contributions to the success of Tyson Foods and wish him the best.” Mr. White commented, “I am privileged to serve as Tyson Foods’ next CEO, and I am thrilled by the numerous opportunities that lie ahead. It has been an honor to contribute to this company’s evolution over the course of many years and to be a part of its growth into one of the world’s largest food companies. I am eager to expedite the current growth trajectory as a global modern food company through our operational excellence, innovative thinking and focus on sustainably feeding the world. With the company’s robust portfolio of rapidly growing brands, diverse capabilities, exceptional executive leadership team and dedicated team members, we are well-positioned for continued success.” Mr. Hayes stated, “Leaving Tyson Foods is a very difficult decision, but after thoughtful consideration and discussions with my family and the board, I know it is the right course of action. I am grateful for the support from my family and the board for my decision and am confident that Tyson Foods has a promising future with Noel White, along with our executive leadership team, at its helm.” White has over 30 years of experience in the food industry and worked at IBP for nearly two decades before its 2001 acquisition by Tyson Foods. He has held various leadership positions throughout his career with Tyson Foods, including as chief operations officer. As group president of Beef, Pork and International, he was responsible for delivering top and bottom line growth for the company’s beef and pork segments as well as the international business. Previously, he was president of Poultry from 2013 to 2017 and has also held numerous sales, management and company officer positions. White is a graduate of Bemidji State University and earned a Master of Business Administration degree with a focus in economics from Oklahoma City University. About Tyson Foods Tyson Foods, Inc. (NYSE: TSN) is one of the world’s largest food companies and a recognized leader in protein. Established in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a wide portfolio of products and brands like Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. Tyson Foods continually innovates to make protein more sustainable, tailor food for everywhere it’s available and raise the world’s expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company had 122,000 team members as of Sept. 30, 2017. Through its Core Values, Tyson Foods strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit www.tysonfoods.com. Forward-Looking Statements Certain information contained in the press release may constitute forward-looking statements, including but not limited to statements relating to expected performance, revised earnings per share forecast, and strategic opportunities. These forward-looking statements are subject to a number of factors and uncertainties which could cause our actual results and experiences to differ materially from the anticipated results and expectations expressed in such forward-looking statements. We wish to caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made. Among the factors that may cause actual results and experiences to differ from anticipated results and expectations expressed in such forward-looking statements are