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Tyson Foods CEO aims focus on tech, hints at acquisitions

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At the Bernstein Consumer Summit this week in New York, incoming Tyson Foods Inc. CEO Tom Hayes said the Springdale, Arkansas-based company is well-positioned for growth driven by a focus on investing in new technologies, and acquisitions are a possibility.

On the tech side, Arkansas Business reports Tyson recently launched a $150 million Venture Capital Fund to funnel all the innovative legwork to one team.

Hayes said the company is open to acquisitions toward its goal of making all Tyson products free of antibiotics "important to human health" by the end of 2017.

Read more from Arkansas Business.

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