Curt Calaway is the brand new chief monetary officer (CFO) of Tyson Meals, efficient August 29.
Calaway, a Tyson Meals worker since 2006, has been serving because the CFO of Tyson Meals on an interim foundation since June, when then-CFO John R. Tyson was placed on suspension.
As CFO, Calaway will report on to Donnie King, Tyson Meals president and CEO.
Calaway has almost 30 years of expertise in finance, audit and accounting. Previous to being named interim CFO, Calaway served because the CFO for Tyson Meals’ Ready Meals Enterprise Unit and was additionally chargeable for the firm’s Mergers & Acquisitions (M&A) and company growth efforts. Calaway served as Senior Vice President of Finance and Treasurer, the place he led Investor Relations, Treasury, Company Finance, Company Monetary Planning & Accounting, M&A, Company Growth, and Provide Chain Finance. Calaway has held varied management roles with the corporate throughout his 18-year tenure, together with Controller, Chief Accounting Officer and Vice President of Audit and Compliance.
“Curt is a confirmed chief with deep trade information and a wealth of expertise in monetary technique and reporting,” mentioned King. “I’m assured Curt will proceed to assist drive our operational excellence and shareholder worth.”
John R. Tyson stays with the corporate
Whereas Tyson is now not the CFO of the corporate, he does stay employed there, Tyson Meals mentioned in a press launch, though it didn’t say in what capability he remained. The previous CFO presently is on “health-related depart.”
Tyson’s suspension adopted a June 13 incident wherein he was arrested on suspicion of driving whereas intoxicated, careless driving and improperly making a U-turn. The arrest was made in Fayetteville, Arkansas.
He has since pleaded not responsible to these expenses.
That was not the primary time Tyson had been arrested on alcohol-related expenses.
On November 6, 2022, he was arrested, additionally in Fayetteville, after he had fallen asleep within the mattress on the residence of an individual he didn’t know. Eight days later, throughout a quarterly earnings name and subsequent media name, he mentioned he was taking “full duty for his actions.”
Additionally on that media name, Tyson was requested about experiences that he would search alcohol counseling, however he declined to reply that query.
Tyson Meals launched an impartial overview of the alleged 2022 occasions, and about one month after his arrest, the corporate said that it had “continued confidence” in its CFO.
Tyson finally pleaded responsible to public intoxication and prison trespass.
Tyson, the son of Tyson Meals Chairman John H. Tyson and great-grandson of firm founder John W. Tyson, was named CFO of Tyson Meals in September 2022. Previous to changing into CFO, Tyson spent about three years as the corporate’s chief sustainability officer.
