Tom Hayes explains his plant-based plans for restructuring the meat company to feed a growing population.
CEO of meat company Tyson Foods, Tom Hayes, recently spoke with media outlet Fox Business about the changes he plans to implement in the company. “The meat industry has gone through an evolution over time,” Hayes said. “We are trying to become less processed.” Fox Business reporter Jade Scipioni asked Hayes about Tyson’s recent investment into vegan company Beyond Meat and if he believes people will be eating more plant-based meats in the future. “I think they are,” Hayes responded. “Plant-based protein is growing almost, at this point, a little faster than animal-based, so I think the migration may continue in that direction.” Last year, Tyson launched $150 million venture capital fund Tyson New Ventures for the sole purpose of investing in meat alternatives.