Tyson Foods suspends CFO John R. Tyson after second arrest

Tyson Foods announced Thursday that Chief Financial Officer John R. Tyson was suspended after being charged with drunken driving in Arkansas. The company said Curt Calaway had been named interim Chief Financial Officer.

Tyson, 34, was arrested at 1:32 a.m. Thursday and released nine hours later, according to the Washington County Detention Center. Tyson Foods is headquartered in Springdale, Arkansas.

In 2022, two months after being named the meat giant’s CFO, Tyson was arrested after falling asleep drunk in the wrong house. A week later, he apologized to investors for the incident at the company’s earnings call. Tyson pleaded guilty to the charges.

Tyson is the son of the company’s chairman, John H. Tyson, and the great-grandson of the company’s founder, John W. Tyson. He joined the company in 2019 after working in investment banking, private equity and venture capital. His appointment caused a stir on Wall Street.