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Tyson Foods named Jeff Schomburger as its next president and CEO on Thursday, tapping a board member and former Procter & Gamble $PG -0.97% executive to succeed Donnie King, who has spent more than four decades at the company.
Oct. 4, 2026 will mark Schomburger's first day in the role, with a handoff period starting in July leading up to that date, the company said. Once he exits the CEO role, King is expected to retain his seat on the Tyson Foods board of directors.
At 64, Schomburger brings a decade of board-level experience to the top job, having joined the Tyson Foods board in 2016 and assumed the lead independent director position in November 2025. Before joining the Tyson board, he built a 35-year career at Procter & Gamble, where his final role before a 2019 retirement was global sales officer. He previously led P&G's global Walmart $WMT +0.02% team from 2005 to 2015.
During his decade on the Tyson board, Schomburger served on the compensation, audit, and strategy and acquisitions committees, becoming chair of the strategy and acquisitions committee in 2021, the company said.
