John Tyson, the chief financial officer of Tyson Foods, was arrested early Sunday morning in Arkansas on charges of public drunkenness and criminal trespassing,
a month after he was appointed to his post at the second-largest beef producer in the world. According to the Washington County, Arkansas, sheriff's department, 32-year-old
Tyson was jailed and released later the same day. Tyson was discovered sleeping in a woman's bed in her Fayetteville apartment on Sunday morning, according to KNWA Fox 24.
The woman, who did not recognize Tyson, phoned the police, according to the station. The woman told dispatchers that she believed the front door was unlocked.
As this is a personal situation, we have no further comment," a Tyson representative wrote in an email to CBS MoneyWatch. Tyson, a member of the fourth generation of the family
that runs the $24 billion meat-processing corporation, was chosen CFO in September and began his tenure on October 2. He is the 2019 addition of the son of Tyson Chairman John H. Tyson.
Monday will mark the publication of the company's fourth-quarter results, its first earnings report with Tyson as CFO. As CFO, Tyson receives a base salary of $650,000 in addition
to "an increase in his target annual incentive payment 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 payment payable based on performance against certain pre-established company-wide measures,"
according to a regulatory filing dated September 27. On December 1, Tyson, who was released after posting a $415 bail, is set to appear in court.
Tyson Foods, headquartered in Springdale, Arkansas, produces over 20% of the chicken, beef, and pork consumed in the United States. In fiscal 2021, the company's revenue was $47 billion.
This is the second recent arrest of a food sector executive; in September, Beyond Meat suspended its COO for biting a man's nose in Fayetteville, Arkansas. Doug Ramsey
quit Beyond Meat on October 14, according to a regulatory filing by the business. According to his Linkedin profile, Ramsey worked for Tyson for 30 years before to joining Beyond Meat.