Tyson Foods Chief Financial Officer John R. Tyson has been suspended from his position of chief financial officer (CFO) after being arrested on suspicion of driving while intoxicated (DWI).
Tyson Foods issued the following statement concerning the alleged incident: “We are aware that John Randal Tyson, Chief Financial Officer of Tyson Foods, was arrested for an alleged DWI. Tyson Foods has suspended Mr. Tyson from his duties, effective immediately, and named Curt Calaway as interim Chief Financial Officer.”
According to a 5News report, the University of Arkansas Police Department in Fayetteville arrested Tyson around 1:30 a.m. on June 13. He was booked on charges of not only DWI, but also careless driving and improperly making a U-turn.
This is not the first alcohol-related arrest for Tyson, 34.
On November 6, 2022, he was arrested, also in Fayetteville, after he had fallen asleep in the bed at the residence of a person he did not know. Eight days later, during a quarterly earnings call and subsequent media call, he said he was taking “full responsibility for his actions.”
Also on that media call, Tyson was asked about reports that he would seek alcohol counseling, but he declined to answer that question.
Tyson Foods launched an independent review of the alleged 2022 events, and about one month after his arrest, the company stated that it had “continued confidence” in its CFO.
Tyson eventually pleaded guilty to public intoxication and criminal trespass.
Tyson, the great-grandson of the company’s founder, was named CFO of Tyson Foods in September 2022, while his predecessor, Stewart Glendinning was reassigned as the president of Tyson’s Prepared Foods segment. Prior to becoming CFO, Tyson spent about three years as the company’s chief sustainability officer.
Glendinning has since left the company.
Calaway, according to his LinkedIn profile, has been Tyson Foods’ Senior Vice President, Finance, Corporate Development and Treasurer.
