Tyson Meals’ chief monetary officer is out of his job — however not out of the corporate.
On Thursday, the meat juggernaut introduced that longtime staffer Curt Callaway, who was interim CFO, will take over.
Tyson will keep on as an worker however can be on health-related depart, the meals firm mentioned in a launch.
Tyson was appointed to the position in 2022 at age 32, making him the youngest CFO of any Fortune 500 firm on the time. The fourth-generation Tyson member of the family turned CFO three years after he joined the corporate. He beforehand labored in funding banking at JPMorgan and graduated from Harvard and Stanford.
Tyson Meals didn’t instantly reply to Enterprise Insider’s request for remark despatched exterior common enterprise hours.
The corporate, recognized for its Hillshire and Sara Lee manufacturers, is value $23 billion, and the Tysons are value $3.1 billion, per Forbes.
Two arrests in recent times
In the course of the first incident in 2022, Tyson was discovered intoxicated and asleep in a stranger’s mattress round 2am, Enterprise Insider beforehand reported.
The house the place Tyson was discovered belonged to a girl who mentioned she thought Tyson got here via her unlocked entrance door. He was launched later that night after being charged with public intoxication and prison trespass.
In June, Tyson was charged with driving whereas intoxicated and careless driving after he misjudged a flip and rode up onto a curb.
The scion’s run-ins with the regulation aren’t the corporate’s solely controversy in current months.
In September 2023, The New York Instances Journal revealed an investigation that confirmed kids as younger as 14 had been knowingly employed as in a single day cleansing workers at crops run by corporations together with Tyson Meals. Some had been gravely injured on jobs that federal regulation prohibits kids from doing.
Tyson Meals didn’t reply to a request for remark from BI on the time.
The Division of Labor subsequently investigated baby labor at Tyson and Perdue Farms as a part of a broader probe. No prices have been filed.
In November, Tyson Meals recalled virtually 30,000 kilos of its frozen dinosaur-shaped hen nuggets after complaints that the nuggets contained small steel items, the US Division of Agriculture’s Meals Security and Inspection Service mentioned.
