Curt Calaway becomes interim CFO in wake of John R. Tyson's suspension
John R. Tyson arrested for DWI and two other charges on Thursday in Arkansas
John R. Tyson joined Tyson Foods in 2019 after working in investment banking, private equity, and venture capital
John R. Tyson's market capitalization was around $19.15 billion as of Thursday afternoon
Suspension is second time John R. Tyson faces legal trouble while at Tyson Foods
Tyson Foods CFO John R. Tyson suspended after DWI arrest and previous charges
Tyson Foods generated $13.02 billion in sales and recorded a net income of $145 million during Q2 2024
In a shocking turn of events, Tyson Foods has suspended its Chief Financial Officer (CFO), John R. Tyson, following his arrest for driving while intoxicated (DWI) and two other charges on Thursday morning in Arkansas. This marks the second time that Tyson has faced legal trouble while in his position at the company. In early 2023, he had been previously suspended from his duties after being found sleeping in a stranger's house and pleading guilty to public intoxication and criminal trespass charges.
Tyson Foods announced that Curt Calaway would become interim CFO in the wake of John R. Tyson's arrest and suspension. The company has suspended Mr. Tyson from his duties as CFO effective immediately.
According to Washington County Detention Center records, Tyson was arrested for alleged DWI and released at 10:41 a.m. local time on Thursday. He is set to appear in court for a hearing related to the arrest on Friday.
John R. Tyson, who is the son of Tyson Foods' chairman and great-grandson of its founder, joined the company in 2019 after working in investment banking, private equity, and venture capital. His previous arrest and current suspension have raised eyebrows on Wall Street.
Tyson Foods generated $13.02 billion in sales and recorded a net income of $145 million during the second quarter of this year. The company's market capitalization was around $19.15 billion as of Thursday afternoon.
Tyson Foods announced that John R. Tyson, their CFO, was arrested for DWI and two other charges on Thursday morning in Arkansas.
Curt Calaway has been named as interim CFO of Tyson Foods following John R. Tyson’s arrest.
John R. Tyson was previously suspended from his position at Tyson Foods after being found sleeping in a stranger’s house and pleading guilty to public intoxication and criminal trespass charges in early 2023.
Tyson Foods CFO John R. Tyson was arrested on charges of DWI and careless driving on Thursday.
John Tyson, great grandson of the founder of Tyson Foods, was previously arrested in 2022 for public intoxication and criminal trespass.
Tyson was booked early Thursday and has since been released. His initial hearing is scheduled for Friday.
Tyson Foods suspended John Tyson from his duties as CFO effective immediately and named Curt Calaway as interim CFO.
In 2022, Tyson was charged after he allegedly wandered into the wrong home and fell asleep. He reportedly pleaded guilty to two misdemeanor charges related to the incident.
