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Editor’s Note: This article has been updated to correctly identify the charge as driving while intoxicated (DWI).
Tyson Foods Inc. (NYSE:TSN) has temporarily relieved its CFO, John R. Tyson, of his duties following his arrest on a charge of driving while intoxicated in Arkansas.
What Happened: According to a CNBC report on Thursday, Springdale, Arkansas-based Tyson Foods declared the suspension of Tyson after his arrest for allegedly driving while intoxicated. The company has appointed Curt Calaway as the interim CFO in his stead.
Tyson, 34, was taken into custody early Thursday morning and was released after nine hours, as per the records of the Washington County Detention Center, CNBC reports.
See Also: Former Cisco Systems Technology Executive Appointed to Tyson Foods Board of Directors
Why It Matters: This is not the first time Tyson has faced legal issues due to his drinking habits. In 2022, he was arrested on charges of public intoxication and criminal trespassing after he allegedly got drunk and fell asleep in a stranger’s house.
Tyson, the son of the company’s chairman, John H. Tyson, and the great-grandson of founder John W. Tyson, joined Tyson Foods in 2019 after a successful career in investment banking, private equity, and venture capital.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock
Posted In: TSN
