Tyson Foods 2005 Annual Report Download - page 7

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Tyson Foods, Inc. >> 05
our beef operations were affected by lower domestic cattle
supplies, restrictions on Canadian cattle imports and limited
access to international markets. However, we had improved
margins in our chicken business, and our pork business
showed improvement in the fourth quarter.
Market conditions were challenging this year and may
continue to be a challenge in 2006. We are confident in our
ability to manage through the tough times for the benefit of
the Company and our shareholders. We expect earnings for
2006 to be in the range of $0.95 to $1.25 per share.
People We have an on-going commitment to develop the
people of Tyson Foods. Near the end of the fiscal year, we
made organizational changes in our management structure,
and many people have new or expanded responsibilities.
This is part of our plan to create opportunities for Team
Members while we develop the people who will someday
lead the Company.
We modified the structure of some of the senior manage-
ment teams reporting to Dick Bond, president and chief
operating officer, Greg Lee, chief administrative officer
and international president, and myself. We firmly believe
these changes will result in a more effective management
structure for the Company. We made these modifications
following an internal organization development process
and consultation with the Board of Directors.
I am pleased to announce Scott Ford has joined our Board of
Directors. Scott is the president and chief executive officer
of ALLTEL. He will bring the important perspective of a CEO
from a strong stockholder focused company in another
consumer products business segment.
Our Core Values are the basis for how we lead our business. In
this annual report you’ll see how Tyson Foods is powered by
our Core Values and our business strategy. We are confident
in our strategy and the people who execute it.
John Tyson
Chairman and Chief Executive Officer
Tyson Foods is taking our knowledge of value-
added chicken and applying it to beef and pork.
Value-added beef and pork products led to market
share growth in both distribution channels.