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John R. Tyson has been suspended from his job as chief financial officer of Tyson Foods Inc. due to new legal troubles following his arrest Thursday morning. The 34-year-old
“We are aware that Tyson Foods Chief Financial Officer John Randall Tyson has been arrested on suspicion of drunk driving,” the company, which was founded by his great-grandfather, said in a statement. “Tyson Foods has suspended Mr. Tyson effective immediately and appointed Kurt Calaway as interim chief financial officer.”
According to Washington County Jail records, Tyson was arrested and taken into custody on a DWI charge and two other charges Thursday morning in Arkansas.
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It also said authorities released him at 10:41 a.m. local time.
John R. Tyson, vice president of strategy and chief sustainability officer, Tyson Foods, speaks onstage at “The Fight for Food: Value Chains and Partnerships” on day three of the 2022 Concordia Annual Summit at the Sheraton New York on September 21, 2022 in New York. (Photo by Lee Vogel/Getty Images, Concordia Summit) / Getty Images)
Tyson was scheduled to appear Friday for a hearing related to his arrest Thursday in Fayetteville District Court, according to Washington County Jail records.
Tyson pleaded guilty early last year to public intoxication and trespassing charges in connection with an incident on Nov. 6, 2022, in which he was found sleeping in someone else’s home.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| TSSN | Tyson Foods, Inc. | 53.86 | -0.87 | -1.59% |
“I want to say I am embarrassed and take full responsibility for my actions,” he told investors and analysts on an earnings conference call shortly after another incident. “This was a violation of our company’s values and my personal values.”
Tyson CFO pleads guilty to public intoxication and trespassing
Tyson Foods released its quarterly earnings in early May, and Tyson participated in the earnings conference call with CEO Donnie King and other executives.
Tyson Foods signage on the floor of the New York Stock Exchange (NYSE) in New York, Monday, November 21, 2016. (Photographer: Michael Nagle/Bloomberg via Getty Images/Getty Images)
The company had revenue of $13.02 billion and net income of $145 million in the second quarter.
The company’s market capitalization was hovering around $19.15 billion as of Thursday afternoon.
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