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Tyson Foods CEO-elect signals deeper Southeast Asia growth push

Tyson Foods logoTyson Foods
Sig1.65Sen+2.20Env0.00Soc0.00Gov+0.80

Jeff Schomburger, the incoming Tyson Foods CEO, said the company is continuing to assess international expansion opportunities, especially in Southeast Asia. He noted that the poultry growth expected over the next decade is largely in Asian markets and that Tyson’s recent asset optimization in Asia has produced strong returns, with further footprint growth being examined ahead of his Oct. 4 takeover.

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