On Thursday, John Tyson, the CFO of Tyson Foods, was suspended following his second arrest for DWI and careless driving in Arkansas, according to reports on June 13.
Tyson Foods released a statement acknowledging the arrest of John Randal Tyson, their Chief Financial Officer, for an alleged DWI. As a result, Mr. Tyson has been suspended from his duties with immediate effect. Curt Calaway has been appointed interim Chief Financial Officer while the situation is being addressed.
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Two years ago, John Tyson, the great-grandson of the Tyson Foods founder, was arrested for falling asleep while intoxicated at a house that was not his own. He took responsibility for his actions, pleaded guilty, and even apologized to the company’s investors.
Tyson was taken into custody by the University of Arkansas Police Department around 1:30 a.m. on Thursday, as per court documents. The charges filed against him include driving under the influence, careless driving, and improperly making a U-turn.
According to records from the Washington County Arkansas Sheriff Department, Tyson was released from jail on Thursday at 10:41 a.m. after posting a $1105.00 bond.
As per the bio of Tyson Foods, John Tyson was responsible for managing the company’s global finance and accounting operations, as well as serving as its representative in matters related to investors, banks, ratings agencies, audits, and other financial concerns.
After graduating from Harvard University with a bachelor’s degree, he pursued his MBA from the Stanford Graduate School of Business.
In 2019, Tyson joined his family’s company and currently serves on the board of Winrock International. Prior to this, he worked in investment banking at J.P. Morgan.
As a member of the Tyson family, he proudly represents the fourth generation.
