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