Tyson Foods Inc. (NYSE:TSN) has temporarily relieved its CFO, John R. Tyson, of his duties following his second arrest for driving under TSN) has temporarily relieved its CFO, John R. Tyson, of his duties following his second arrest for driving under the influence in Arkansas.

What Happened: As per a CNBC report on Thursday, Tyson Foods declared the suspension of CFO John R. Tyson after his arrest for drunk driving. The company has appointed Curt Calaway as the interim CFO in his stead.

John R. Tyson, aged 34, was taken into custody early Thursday morning and was released after nine hours, as per the records of the Washington County Detention Center. Tyson Foods is headquartered in Springdale, Arkansas.

See Also: Former Cisco Systems Technology Executive Appointed to Tyson Foods Board of Directors

Back in 2022, Tyson was arrested on similar charges just two months after his appointment as CFO. He was reportedly found intoxicated and asleep in a wrong house. Tyson pleaded guilty to the charges and later expressed his apologies to the investors during a company earnings call.

John R. Tyson, the son of the company’s chairman, John H. Tyson, and the great-grandson of founder John W. Tyson, joined Tyson Foods in 2019 after a successful career in investment banking, private equity, and venture capital.

Why It Matters: This is not the first time John R. Tyson has faced legal issues due to his drinking habits. As per a Benzinga report from November 2022, Tyson was arrested on charges of public intoxication and criminal trespassing after he allegedly got drunk and fell asleep in a stranger’s house. His actions have raised concerns about his ability to effectively carry out his duties as the CFO of Tyson Foods.

Read Next: Rising Food Prices Could Create Opportunities In Agricultural Tech

“>the influence in Arkansas.

What Happened: According to a CNBC report on Thursday, Springdale, Arkansas-based Tyson Foods declared the suspension of Tyson after his arrest for drunk driving. The company has appointed Curt Calaway as the interim CFO in his stead.

Tyson, 34, was taken into custody early Thursday morning and was released after nine hours, as per the records of the Washington County Detention Center, CNBC reports.

See Also: Former Cisco Systems Technology Executive Appointed to Tyson Foods Board of Directors

Why It Matters: This is not the first time John R. Tyson has faced legal issues due to his drinking habits. In 2022, Tyson was arrested on charges of public intoxication and criminal trespassing after he allegedly got drunk and fell asleep in a stranger’s house.

Tyson, the son of the company’s chairman, John H. Tyson, and the great-grandson of founder John W. Tyson, joined Tyson Foods in 2019 after a successful career in investment banking, private equity, and venture capital.

Read Next: Rising Food Prices Could Create Opportunities In Agricultural Tech

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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