The chief financial officer of US meat producer Tyson Foods was arrested over the weekend on charges of public drunkenness and trespassing, less than a month after he was promoted to his new role.
John Tyson, a fourth-generation member of the Tyson family, was arrested early Sunday morning and charged with public intoxication and trespassing. according to records from the Washington County, Arkansas, Sheriff’s Department.
According to local media reports, Tyson, 32, allegedly entered the home of a college-age woman who found him asleep in her bed. The woman did not know Tyson and called police to her home in Fayetteville.
“We are aware of the incident and as this is a personal matter we have no further comment,” a Tyson Foods representative said in an email to the Financial Times.
Tyson, the son of company chairman John H. Tyson, has been promoted from his previous position as executive vice president and chief sustainability officer early October.
The incident comes barely a week before the Arkansas-based company is scheduled to report fourth-quarter results on Nov. 14, which will be Tyson’s first earnings call as CFO.
Tyson was released from the Washington County jail on $415 bail Sunday night.
Meat producer Tyson’s shares fell 0.5 percent in afternoon trade on Monday. The company has a market cap of around $24 billion.
It’s the second time in less than two months that Fayetteville police have arrested a C-suite executive with ties to Tyson. Doug Ramsey, who became chief operating officer at Beyond Meat after a career at Tyson that spanned nearly three decades, has been arrested and charged after a traffic incident in which he was accused of biting a man’s nose. Ramsey has since left Beyond Meat.
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