Tyson Foods Board of Directors recently voted to appoint Kevin McNamara as board vice chairman. McNamara will continue his role as lead independent director and vice chairman with a $125,000 annual retainer fee and annual deferred stock grant totaling $110,000.
Tyson Foods made the announcement Wednesday (Feb. 12) with details in a regulatory filing with the Securities and Exchange Commission. McNamara has served on the company’s board since 2007 and his new responsibilities will be to assist chairman John Tyson, with board matters, support the executive team on company matters, and focus on key strategic initiatives.
“The board’s appointment of Kevin to vice chairman reflects its commitment to sound governance to sustain the future of our company,” said chairman John Tyson. “We look forward to his expanded participation in the company, especially as we collaborate with the board and executive management to implement our strategy for growth and leadership.”
Other members of Tyson Foods’ board of directors, who were all reelected at the company’s annual meeting of shareholders on Feb. 6, 2020, include Gaurdie Banister Jr., Dean Banks, Mike Beebe, Mikel Durham, Jonathan Mariner, Cheryl Miller, Jeffrey Schomburger, Robert Thurber, Barbara Tyson, and Noel White.
Banks was also recently named president of Tyson Foods reporting directly to CEO Noel White, in addition to his board duties.
McNamara is the founding principal of McNamara Family Ventures, a family investment office providing venture and growth capital to health care companies. He is a director at SignifyHealth (formerly CenseoHealth), a nationwide leader in physician in-home health assessments, after having served as its CEO from 2015 to June 2018.