SPRINGDALE, Ark. — Tyson has officially named a new chief financial officer after the former CFO, John Tyson, was arrested in June.
In a release from Tyson on Aug. 29, Curt Calaway was formally named CFO, effective immediately.
Calaway was first named as interim CFO after John was arrested for allegedly drunk driving earlier this year.
Court records say Tyson, 34, was arrested by the University of Arkansas Police Department (UAPD) around 1:30 a.m. on June 13, and booked under charges of driving under the influence, careless driving, and improperly making a U-turn.
After his arrest, Tyson Foods released a statement confirming John Tyson had been "suspended from his duties effective immediately."
To read more about John's arrest click here.
The new CFO has been with the company since 2006 and has 30 years of experience in finance, auditing, and accounting, according to Tyson.
Before being named interim CFO in the wake of John's arrest, Calaway "served as the CFO for Tyson Foods’ Prepared Foods Business Unit and was also responsible for the company’s Mergers & Acquisitions (M&A) and corporate development efforts."
Calaway has also served as Senior Vice President of Finance and Treasurer.
Calaway will now report directly to Donnie King, the President and CEO of Tyson Foods.
“Curt is a proven leader with deep industry knowledge and a wealth of experience in financial strategy and reporting,” said King. “I am confident Curt will continue to help drive our operational excellence and shareholder value.”
The release from Tyson said John remains with the company but is currently on health-related leave.
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