Tyson Foods CFO John Tyson suspended after arrest for alleged DWI

By Tomi Kilgore

John Tyson, a fourth-generation member of the Tyson family, pleaded guilty last year in trespassing case

Tyson Foods Inc. said Thursday that it suspended its chief financial officer, John Tyson, following an arrest for allegedly driving while intoxicated.

The suspension comes less than two years after Tyson was arrested after being found drunkenly sleeping in the bed of a complete stranger.

John Tyson is a fourth-generation member of the Tyson family, who founded the processed-poultry and prepared-foods company.

The stock (TSN) dropped 1.9% in afternoon trading, putting it on track for a three-month low.

"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," Tyson Foods said in a statement.

Calaway is a senior vice president of finance, and is treasurer of Tyson Foods, according to his LinkedIn page.

Tyson Foods' stock has slipped 0.1% year to date, while the Consumer Staples Select Sector SPDR ETF XLP has gained 6.5% and the S&P 500 index SPX has advanced 13.8%.

-Tomi Kilgore

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

06-13-24 1504ET

Copyright (c) 2024 Dow Jones & Company, Inc.