Tyson Foods suspends CFO after second arrest

Tyson Foods suspends CFO after second arrest

John R. Tyson speaks on stage during The Fight for Food: Value Chains and Partnerships at The 2022 Concordia Annual Summit in New York on September 21, 2022.

Leigh Vogel | Getty Images

Tyson Foods said on Thursday it has suspended its chief financial officer, John R. Tyson, after he was charged with driving while intoxicated in Arkansas. The company said it has appointed Curt Calaway as its interim CFO.

Tyson, 34, was arrested at 1:32 a.m. on Thursday and released nine hours later, according to Washington County Detention Center. Tyson Foods is headquartered in Springdale, Arkansas.

In 2022, two months after being named CFO of the meat giant, Tyson was arrested after becoming intoxicated and falling asleep in the wrong house. A week later, he apologized to investors for the incident on the company’s earnings call. Tyson plead guilty to the charges.

Tyson is the son of the company’s chairman, John H. Tyson, and the great-grandson of founder John W. Tyson. He joined the company in 2019 after working in investment banking, private equity and venture capital. His appointment raised some eyebrows on Wall Street.

Source: https://www.cnbc.com/2024/06/13/tyson-foods-suspends-cfo-john-r-tyson-after-second-arrest.html

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