On Wednesday, Tyson Foods Chief Executive Officer Dean Banks announced that he was stepping down, according to CNBC.
Banks cited personal reasons as the main driver of his resignation after only eight months in the role. Company operations leader Donnie King will be taking over the role of Chief Executive.
Banks assumed the role in October, succeeding Noel White amid unprecedented issues stemming from the novel coronavirus.
“I believe that stepping down and concentrating on my family is the right decision at this time,” Banks said.
King will become the fifth CEO of Tyson in only 5 years. He has been with the company for more than 36 years.