Tyson Foods: CFO Suspension Doesn't Affect Our Outlook or Fair Value Estimate; Shares Undervalued

No-moat Tyson Foods announced the suspension of CFO John Tyson following his arrest on charges of driving while intoxicated. He was previously arrested for public intoxication and criminal trespass in 2022. After the earlier arrest, the company announced that two separate reviews resulted in actions consistent with internal guidelines, without further detail, while expressing support for John Tyson as CFO. Tyson Foods has appointed Curt Calaway, senior vice president of finance, corporate development, and treasurer, as interim CFO. Calaway has been with the company for 18 years in various financial leadership positions, so we expect minimal disruption.