SPRINGDALE, Ark., May 18 /PRNewswire-FirstCall/ -- Tyson Foods, Inc. today announced the election of Albert C. Zapanta to fill a newly created position on the company's board of directors.
Mr. Zapanta is the President and CEO of the United States-Mexico Chamber of Commerce based in Washington, D.C., a non-profit, bi-national corporation that promotes trade and investment between the U.S. and Mexico. Mr. Zapanta is also Chairman of the Reserve Forces Policy Board, which acts as the principal independent policy advisor to the Secretary of Defense on all matters involving the Reserve components of the United States Armed Forces. [More detailed biographical information is attached]
Mr. Zapanta's appointment brings the total number on the Tyson Foods, Inc. board to ten, with five of the members being considered "independent." Mr. Zapanta is the company's first Hispanic board member.
According to Tyson Foods chairman and CEO, John Tyson, "We're extremely pleased to have someone of Al Zapanta's experience and qualifications join our board. His election represents another of many steps we've taken toward making our board more diverse and independent, which we believe is consistent with the best interest of our shareholders."
Since John Tyson assumed the role of Chairman of the Board in 1998, the size of the board has been reduced, while its percentage of independent directors has increased. Other significant corporate governance measures have been taken, including the adoption of a comprehensive Code of Conduct and a clearly-articulated set of Corporate Governance Principles. Additionally, the board has appointed a non-management lead director and has changed director compensation to include a portion in Tyson stock. More information on the company's governance can be found at http://www.tysonfoodsinc.com/IR/newsInfo/governance.asp
About Tyson Foods
Tyson Foods, Inc., founded in 1935 with headquarters in Springdale, Arkansas, is the world's largest processor and marketer of chicken, beef and pork and the second largest food company in the Fortune 500. Tyson Foods produces a wide variety of brand name protein-based and prepared food products marketed in the United States and more than 80 countries around the world. Tyson Foods is the recognized market leader in the retail and foodservice markets it serves. The Company has approximately 120,000 team members and 300 facilities and offices in 26 states and 22 countries.
Albert C. Zapanta -- Biographical Information
Albert Zapanta was born in Los Angeles, Calif., and attended local schools and college in the Los Angeles area. He received an Associate of Arts from East Los Angeles College, a Bachelor of Arts in Industrial Psychology, a Master of Arts in Public Administration and completed course work for his Ph.D. in International Political Economics from the University of Southern California. He graduated from the Harvard Graduate School of Business and the Inter-American Defense College, the National War College, in Washington, D.C. He speaks Spanish fluently and has an elementary knowledge of French.
Mr. Zapanta has held numerous Presidential appointments, including the White House fellowship in 1973-74 and as Senate-confirmed Assistant Secretary of the Interior for Management and Administration from 1976-77. During these assignments he participated as chairman of Infrastructure Studies on Urban Mass Transit, Rail Transportation, the Airport Airways Study, the Water Conservation Initiative, the Trans-Alaska Pipeline Fraud Review, the Teton Dam Disaster Audit, and was the Department's representative to the National Visitor Center Intermodal Station in Washington, D.C.
Mr. Zapanta was a member of the Department of State's Advisory Committee on International Trade, Technology and Development, and was appointed the first U.S. senior officer to lead a peacekeeping mission to the United Nations Referendum on the Western Sahara to serve with USSR, People's Republic of China, French and British military officers as the Chief of Staff. General Zapanta's military record includes the award of the Silver Star, five Bronze Stars for Valor, the Purple Heart and thirty other awards during the Vietnam War. He was also recently awarded the Joint Service Commendation Medal for Desert Shield/Desert Storm, Restore Hope in Somalia and Restore Democracy in Haiti.
His private-sector experience includes 18 years as an executive with ARCO; he retired in 1993 as Director for Governmental Affairs. During his time with ARCO, Mr. Zapanta was responsible for negotiations with Petroleos Mexicanos (PEMEX) on oil and gas matters and the copper mines owned by Anaconda, an acquisition of ARCO. He was also the company's representative to local, state and federal governments on oil and gas legislation, environmental regulation, transportation-related issues (pipelines, ocean tankers, tanker trucks and rail tank cars) and public affairs.
Presently, Mr. Zapanta is the President and CEO of the United States- Mexico Chamber of Commerce and is responsible for operations in 14 regional offices in the United States and six in Mexico. He is also Chairman of the Reserve Forces Policy Board, which acts as the principal independent policy advisor to the Secretary of Defense on all matters involving the Reserve components of the United States Armed Forces.
He is also Chairman of the Board of the U.S. - Mexico Cultural and Educational Foundation. Tyson Foods, Inc.
Web site: http://www.tyson.com/http://www.tysonfoodsinc.com/IR/newsInfo/governance.asp
Company News On-Call: http://www.prnewswire.com/comp/113769.html
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