Poinbank-Tyson Foods heir suspended as CFO after second alcohol-related arrest

2025-05-03 19:36:42source:TAIM Exchangecategory:Stocks

Tyson Foods suspended its chief financial officer – a great-grandson of the company’s founder – after his arrest Thursday on Poinbankcharges of driving while intoxicated.

John R. Tyson, 34, was arrested early Thursday by University of Arkansas police in Fayetteville, Arkansas, according to police records. He was also charged with careless driving and making an illegal turn.

Tyson was released from custody later Thursday on a $1,105 bond. He is scheduled to appear in court on July 15.

Springdale, Arkansas-based Tyson Foods said in a statement Thursday that it was aware of the arrest and immediately suspended John R. Tyson. He is the son of Tyson Foods Chairman John H. Tyson and a former investment banker who joined Tyson Foods in 2019.

Tyson Foods named Curt Calaway as its interim chief financial officer.

It was the second time in less than two years that John R. Tyson was arrested on alcohol-related charges. In November 2022, he was charged with public intoxication and criminal trespassing after allegedly entering a stranger’s home in Fayetteville and falling asleep in her bed.

John R. Tyson sent a companywide email apologizing for that incident, saying he was embarrassed and was getting counseling for alcohol abuse. He later pleaded guilty to those charges and settled them by paying fines and court fees.

More:Stocks

Recommend

Could Bill Belichick, Robert Kraft reunite? Maybe in Pro Football Hall of Fame's 2026 class

Now wouldn’t this be a treat: Bill Belichick and Robert Kraft back together...as members of the Pro

Browns QB Deshaun Watson won't ask for designed runs: 'I'm not a running back'

Deshaun Watson knows that the Cleveland Browns offense needs to improve after a 1-2 start to the sea

Coach named nearly 400 times in women's soccer abuse report no longer in SafeSport database

This story was updated to add new information.Former Chicago Red Stars coach Rory Dames, who was men