Tyson Foods is making a change within its accounting leadership as part of an upcoming transition. Lori Bondar, who currently serves as senior vice president and chief accounting officer, will step away from her chief accounting officer duties as she prepares to retire before the end of the fiscal year. She will continue in her senior vice president role for the time being to help ensure a smooth handoff of responsibilities.
Taking over the chief accounting officer position is Phillip Thomas, who is set to assume the role of vice president, controller, and chief accounting officer effective April 6, according to an April 2 securities filing. This marks a return to familiar territory for Thomas, who previously held the same titles from July 2020 until December 2023. After that period, he remained with the company in a vice president and controller capacity.
With his return to the expanded role, Thomas will earn an annual base salary of $360,574. He will also continue to participate in Tyson Foods’ annual incentive program, where his target bonus is set at 55% of his base pay. In addition, he remains eligible for the company’s long-term incentive plan, which includes a target award of $175,000. That award is structured with 75% in restricted stock units and 25% in performance-based stock.
Tyson Foods, based in Springdale, Arkansas, is a major player in the U.S. food production industry, holding leading positions in poultry and animal feed production.
