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Tyson Foods CFO John Tyson suspended for alleged drunk driving, Curt Calaway appointed interim CFO

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Tyson Foods suspended Chief Financial Officer John Tyson on Thursday after he was arrested early in the morning, the company said in a statement.

Curt Calaway, who has been with the company for 18 years, was appointed interim CFO.

Tyson, 34, was arrested at 1:32 a.m. He is charged with driving under the influence, improper turning and reversing and careless driving. He is scheduled to appear in court, according to Washington County Sheriff’s Office records.

He was released at 10:41 a.m. on Thursday.

NEW YORK, NEW YORK – SEPTEMBER 21: John R. Tyson, EVP, Strategy and Chief Sustainability Officer, Tyson Foods; speaks onstage during the Battle for Food: Value Chains and Partnerships at the 2022 Concordia Annual Summit – Day 3 at the Sheraton New York on September 21, 2022 in New York City. (Photo by Leigh Vogel/Getty Images for Concordia Summit)NEW YORK, NEW YORK – SEPTEMBER 21: John R. Tyson, EVP, Strategy and Chief Sustainability Officer, Tyson Foods; speaks onstage during the Battle for Food: Value Chains and Partnerships at the 2022 Concordia Annual Summit – Day 3 at the Sheraton New York on September 21, 2022 in New York City. (Photo by Leigh Vogel/Getty Images for Concordia Summit)

NEW YORK, NEW YORK – SEPTEMBER 21: John R. Tyson, EVP, Strategy and Chief Sustainability Officer, Tyson Foods; speaks onstage during the Battle for Food: Value Chains and Partnerships at the 2022 Concordia Annual Summit – Day 3 at the Sheraton New York on September 21, 2022 in New York City. (Photo by Leigh Vogel/Getty Images for Concordia Summit) (Leigh Vogel via Getty Images)

Tyson, the great-grandson of company founder John Tyson, pleaded guilty last year to trespassing and public intoxication after he was found sleeping in another person’s home in late 2022, shortly after becoming the company’s CFO.

In a conference call with investors after the incident, Tyson said he was “embarrassed” and took “full responsibility.”

He then added: “I also want to apologize to our investors, just as I did to our employees. This incident was contrary to our company’s values ​​and my personal values. I just wanted you to hear this directly from me and know that I will work to ensure that something like this never happens again.”

Prior to assuming the role of CFO, he was Chief Sustainability Officer at Tyson.

Tyson Foods shares were down slightly by more than 1.5 percent in trading on Thursday afternoon.

Calaway, who will take over immediately on an interim basis, most recently served as CFO of Tyson Foods’ prepared foods division. He is also responsible for the company’s mergers and acquisitions and corporate development, according to a person familiar with the matter.

Previously, Calaway served as Senior Vice President of Finance and Treasury and as Controller and Chief Accounting Officer.

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Brooke DiPalma is a senior reporter at Yahoo Finance. Follow her on Twitter at @Subscribe to or email her at [email protected].

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