Tyson Foods suspends CFO after second arrest

Tyson Foods suspends CFO after second arrest


John R. Tyson speaks on stage during The Fight for Food: Value Chains and Partnerships at The 2022 Concordia Annual Summit in New York on September 21, 2022.

Leigh Vogel | Getty Images

Tyson Foods said on Thursday it has suspended its chief financial officer, John R. Tyson, after he was charged with driving while intoxicated in Arkansas. The company said it has appointed Curt Calaway as its interim CFO.

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

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

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



Source

American Airlines is arriving late to the luxury travel boom. Can it catch up?
Business

American Airlines is arriving late to the luxury travel boom. Can it catch up?

An American Airlines Airbus A321 taxis at San Diego International Airport as a United Airlines airplane departs on August 24, 2024 in San Diego, California. Kevin Carter | Getty Images News | Getty Images FORT WORTH, Texas — American Airlines started pouring customers Champagne Bollinger in its top-tier lounges and cabins this fall. But at […]

Read More
One in three Manhattan condo owners lost money when they sold in the last year
Business

One in three Manhattan condo owners lost money when they sold in the last year

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. More than a third of the condo apartments sold in Manhattan over roughly the past year sold at a loss, although the top end of […]

Read More
With two months to Christmas, here’s what retail leaders expect for holiday shopping
Business

With two months to Christmas, here’s what retail leaders expect for holiday shopping

There’s just two months until Christmas Eve, and retailers are meeting a more cautious shopper with earlier offerings. Most retailers won’t report third-quarter results or updated holiday expectations until just before Thanksgiving, largely considered the sector’s most important week of the year. By then, many shoppers will have already started checking off holiday shopping lists. […]

Read More