Business News: Tyson names Bondar its accounting chief Occupation cuts in the works at two Jeep factories 4.69 drop places index at closing of 866.38 | The Arkansas Democrat-Gazette

Tyson names Bondar its accounting main

Tyson Foodstuff Inc. has employed Lori Bondar as its main accounting officer.

Bondar, who will also be a senior vice president of the Springdale-primarily based meat processor, will substitute Phillip Thomas, who will stay with Tyson as its vice president and controller.

Thomas will concentration extra thoroughly on forthcoming reporting specifications and “corporate transformation initiatives,” the firm stated this week in a authorities submitting.

Bondar will get an yearly foundation wage of $500,000, according to the doc filed Monday with the Securities and Exchange Commission.

She’ll also get a $100,000 sign-on payment and a one-time $600,000 contribution to Tyson’s Govt Savings Plan, contingent on her keeping with the corporation for at minimum two years.

In addition, Bondar will get a $1.4 million restricted stock award. It will vest equally on every of the initially a few anniversaries of the grant date.

Bondar comes to Tyson from Avery Dennison Corp., which makes labels and other business office components. She began with Avery in 2008 and became its vice president, controller and accountant in 2010. She was appointed treasurer there in 2010.

Tyson Foods’ fourth-quarter income fell 2.8%, marking its third consecutive dropping quarter. The corporation closed two crops this calendar year to slice expenses, and has reported it will close six far more crops subsequent 12 months.

Tyson described once-a-year revenue for 2023 of $52.88 billion, as opposed to past year’s income of $53.28 billion.

— Serenah McKay

Job cuts in the operates at two Jeep factories

Stellantis NV stated it could reduce about 3,500 employment at two Jeep generation amenities in the U.S., supplying a lot more details on cuts the automaker has said ended up essential due to the fact stricter emission standards in numerous states would slow sales of fuel-powered motor vehicles.

The automaker strategies to commence getting rid of about 1,200 positions in early February at its Jeep assembly complex in Toledo, Ohio, according to a detect posted Friday to a state web page. Jodi Tinson, a Stellantis spokeswoman, stated the business has also filed a see with Michigan warning of as lots of as 2,455 position cuts at a facility in Detroit. Nonetheless, the totals for both equally areas are likely to be reduce since of the “complexity of our bargaining agreement” with organized labor, she stated.

Stellantis claimed previously this 7 days that it was chopping creation at the Detroit spot, which would make Jeep Grand Cherokee sport utility motor vehicles and hybrids, and trimming jobs in Toledo, the place it makes the Wrangler SUV and Jeep Gladiator pickup.

— Bloomberg Information

4.69 drop places index at closing of 866.38

The Arkansas Index, a price-weighted index that tracks the major general public businesses based mostly in the state, shut Friday at 866.38, down 4.69 points or .54%

For the 7 days 6 stocks on the 13 stock index innovative when seven declined.

The index was made by Bloomberg News and the Democrat-Gazette with a foundation worth of 100 as of Dec. 30, 1997.

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