Current:Home > InvestTyson Foods suspends company heir, CFO John R. Tyson after arrest for intoxication-LoTradeCoin
Tyson Foods suspends company heir, CFO John R. Tyson after arrest for intoxication
View Date:2024-12-23 22:40:41
Tyson Foods has suspended the company's chief financial officer, John R. Tyson, after he was arrested for allegedly driving while intoxicated.
University of Arkansas police in Fayetteville, Arkansas, arrested Tyson, 34, early Thursday for driving under the influence, according to police records. Other charges included careless driving and making an illegal turn. He was released from custody the same day on a $1,105 bond and is scheduled to appear in court on July 15.
Tyson is the great-grandson of the company's founder, John W. Tyson, and son of the food giant's current chairman, John H. Tyson.
"We are aware that John Randal Tyson, Chief Financial Officer of Tyson Foods, was arrested for an alleged DWI. Tyson Foods has suspended Mr. Tyson from his duties effective immediately and named Curt Calaway as interim Chief Financial Officer," Springdale, Arkansas-based Tyson Foods said in a statement
The incident is the second time in recent years that Tyson, a former investment banker who joined Tyson Foods in 2019, has been arrested. He was previously arrested in 2022 on charges of public intoxication and criminal trespassing after allegedly entering a Fayetteville woman's home and falling asleep in her bed. The woman did not know who Tyson was and called the police, KNWA Fox 24 reported at the time.
Tyson pleaded guilty to both charges and settled them by paying fines and court fees. He also apologized in a companywide memo and said he was getting counseling for alcohol abuse.
A fourth-generation member of the family that controls the $19 billion meat-processing company, Tyson was named CFO in September of 2022. Tyson Foods, founded in 1935, has 139,000 employees and reported 2023 sales of $52.8 billion.
—The Associated Press contributed to this report
- In:
- Tyson Foods
Alain Sherter is a senior managing editor with CBS News. He covers business, economics, money and workplace issues for CBS MoneyWatch.
veryGood! (79)
Related
- Brian Kelly asks question we're all wondering after Alabama whips LSU, but how to answer?
- Zappos’ 25th Birthday Sale Is Full of Irresistible Shoe Deals From Steve Madden, Coach & More
- Mardi Gras beads in New Orleans are creating an environmental concern
- Ex-aide to former Illinois House Speaker Madigan gets 2.5 years for perjury
- Mike Tyson-Jake Paul: How to watch the fight, time, odds
- Natasha Kravchuk from ‘Natasha’s Kitchen’ shares her recipe for her mom’s fluffy pancakes
- 'Madame Web' review: Dakota Johnson headlines the worst superhero movie since 'Morbius'
- Israeli military says it rescued 2 hostages during Rafah raid; Gaza officials say dozens of Palestinians killed
- Video ‘bares’ all: Insurers say bear that damaged luxury cars was actually a person in a costume
- AP PHOTOS: A look at Mardi Gras festivities in New Orleans through the years
Ranking
- Week 10 fantasy football rankings: PPR, half-PPR and standard leagues
- Former NFL Player Tony Hutson Dead at 49
- Winter storm targets Northeast — here's how much snow is in the forecast
- Dolly Parton Breaks Silence on Elle King’s Tribute Incident
- NFL coaches diversity report 2024: Gains at head coach, setbacks at offensive coordinator
- The end of school closings? New York City used online learning, not a snow day. It didn’t go well
- Georgia Senate moves to limit ability to sue insurers in truck wrecks
- Idaho residents on alert after 2 mountain lions spotted at least 17 times this year
Recommendation
-
Why Dolly Parton Is a Fan of Taylor Swift and Travis Kelce's Little Love Affair
-
Taylor Swift and Travis Kelce pack on the PDA. We can't stop watching.
-
Inflation ran hotter than expected in January, complicating the Fed's rate decision
-
Everything you need to know about Selection Sunday as March Madness appears on the horizon
-
Why have wildfires been erupting across the East Coast this fall?
-
Porsha Williams Guobadia Returning to Real Housewives of Atlanta Amid Kandi Burruss' Exit
-
14 Movies, TV Shows and More to Indulge in If You Are Anti-Valentine's Day
-
Democrats seek to strengthen majority in Pennsylvania House as voters cast ballots