Former Tyson Foods President and CEO Dean Banks has been named CEO of Indigo Ag, effective February 1, 2024.
Indigo Ag describes itself in a press release as a sustainable agriculture partner that helps farmers and agribusinesses optimize today's yields and profitability, while nourishing the soil for better tomorrows and helping corporations reach their sustainability goals.
Banks has served Indigo Ag as a member of the company’s board since July 2022.
Robert Berendes, Ph.D., chairman of the board, Indigo Ag and Executive Partner of affiliated company Flagship Pioneering, said: "Dean has been a strategic and deeply engaged board member for Indigo, drawing on his extensive experience as an entrepreneur, technologist, innovator, and business executive. He is an energizing leader and visionary, and I am confident he will steward the company into this next critical phase of growth and profitability, and ultimately realize the full potential of the Indigo
"I'm thrilled to take on the role of CEO of Indigo Ag,” said Banks. "Over the last year on the board, I have witnessed the tremendous investment we've made to build scientifically validated digital sustainability tools and biological products that farmers, agribusiness, our CPG partners, and our planet urgently need. Indigo's solutions are delivering on their promise to help make our farmers more successful today, driving higher yields and new revenue streams while helping them nurture their soil for better tomorrows. The company is uniquely positioned as a trusted, independent partner impacting millions of acres today across the agricultural value chain. I look forward to working with the team to take the company to the next level as we scale its growth and impact."
Banks’ history with Tyson Foods
Following a two-year stint on the Tyson Foods board, Banks was named Tyson’s president in December 2019. Less than ten months later, Banks was also named the CEO, succeeding the retiring Noel White, who remains with Tyson as a board member.
Banks remained with Tyson Foods until June 2021, when the company announced that Tyson Chief Operating Officer Donnie King had been promoted to president and CEO, with that appointment being immediately effective.
Tyson Foods at the time stated that Banks’ departure from the company was due to “personal reasons.”
