Tyson Foods Chief Financial Officer John Tyson is facing charges of public intoxication and criminal trespass after his arrest in Arkansas early Sunday, which came a month after his appointment to his position at the world’s second-largest meat producer.
32-year-old Tyson was booked and released later in the day, according to To Washington County, Arkansas, Sheriff’s Department.
Tyson was found sleeping Sunday morning in a woman’s bed at her Fayetteville home, Kuwait News Agency (KNWA Fox 24) reported. The woman didn’t know who Tyson was and called the police, the station mentioned. The woman told the messengers that she believed the front door had been left open.
Washington County, Arkansas, Sheriff’s Office
“We are aware of the incident and because this is a personal matter, we have no further comment,” a spokesman for Tyson told CBS MoneyWatch in an email.
The fourth generation of the family that controls the $24 billion meat processing company, Tyson was appointed CFO in September and began in the role on October 2. .
company course to announce fourth-quarter results on Monday, its first earnings report with Tyson as chief financial officer.
As CFO, Tyson receives a base salary of $650,000, plus an “increase in target annual incentive payments under the company’s annual incentive compensation plan for senior executives from 90% to 110% of his annual base salary, with the actual annual incentive payments payable on performance basis against certain pre-determined company-wide actions”, in accordance with the regulations deposit by the company on September 27.
Tyson, who was released on $415 bail, is scheduled to appear in court on December 1.
Headquartered in Springdale, Arkansas, Tyson Foods produces about 20% of the chicken, beef, and pork consumed in the United States, and reported sales of $47 billion in fiscal year 2021.
The incident marks the second recent arrest of a food industry executive, with Beyond Meat suspending its COO in September after that. Allegedly the man’s nose in Fayetteville, Arkansas. The company said in a regulatory filing that Doug Ramsey is leaving Beyond Meat effective October 14. Before joining Beyond Meat, Ramsey worked for Tyson for 30 years, according to LinkedIn Biography.
The Associated Press contributed to this report.
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