Tyson Foods’ Chief Financial Officer, John Tyson, has been suspended after being arrested for the second time on Thursday. The charges against him include driving while intoxicated (DWI) and careless driving in Arkansas.
In response to the arrest, Tyson Foods issued a statement saying that John Randal Tyson has been suspended from his duties immediately. Curt Calaway has been named as the interim Chief Financial Officer.
This is not the first time John Tyson has been in legal trouble related to alcohol. Two years ago, he was arrested for falling asleep while intoxicated at a house where he did not live. He pleaded guilty at that time and apologized to the company’s investors.
Court records show that Tyson was arrested by the University of Arkansas Police Department around 1:30 a.m. on Thursday. He was charged with DWI, careless driving, and improperly making a U-turn.
Tyson was released from jail on Thursday at 10:41 a.m. on a $1105.00 bond, according to records from the Washington County Arkansas Sheriff’s Department.
John Tyson is responsible for overseeing Tyson Foods’ global finance and accounting functions, as well as representing the company in financial matters with investors, banks, ratings agencies, audits, and other financial matters, according to a Tyson Foods bio.
He holds a bachelor’s degree from Harvard University and an MBA from the Stanford Graduate School of Business. He also serves on the board of Winrock International. John Tyson joined his family’s company in 2019 after working in investment banking at J.P. Morgan. He is a fourth-generation member of the Tyson family.