(WatchDogReport.org) – Tyson Foods’ chief financial officer (CFO), John R. Tyson, has been suspended in light of new legal troubles. The 34-year-old was arrested in Arkansas on June 13 for allegedly driving while intoxicated in addition to two other charges. Tyson’s suspension from his duties enters immediate effect. The company has named Curt Calaway as its interim Chief Financial Officer.
Tyson was released on the day of his arrest on a $1,105 bond. He is due to attend court on July 15. John R. Tyson previously worked as an investment banker before joining the company in 2019. His father, John H. Tyson, is the company’s chairman. Calaway has worked at Tyson for 18 years, serving as the company’s treasurer as well as the senior vice president of its finance and corporate development.
This is the second time in under two years that Tyson has been arrested for alcohol-related offenses. He was arrested and charged with criminal trespassing and public intoxication in 2022 after he allegedly entered a stranger’s residence in Fayetteville and fell asleep on her bed. Tyson was released on a $415 bond then and issued a public apology, admitting his embarrassment about his conduct and vowing to seek out counseling.
Tyson Foods caused controversy in March 2024 with its alleged plans to employ 42,000 immigrants ahead of American citizens. Fund manager Bill Flaig, who is the co-founder and CEO of the American Conservative Values Fund, pulled out of the company over the decision. Flaig slated Tyson Foods and accused the company of laying off American staff despite hiring 42,000 asylum seekers. He commented that the move exposed the company’s shareholders to backlash and alienated consumers.
Following the 2022 incident, John R. Tyson stated that his drunken behavior did not align with either the company’s or his personal values. The company published quarterly results in May 2024, and Tyson participated in the earnings call with its CEO, Donnie King. The second quarter generated $13.02 billion in sales and a net income of $145 million for Tyson Foods.
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