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Tyson Foods has named Curt Calaway as its new Chief Financial Officer, succeeding John R. Tyson, who will not return to his role following a suspension due to alcohol-related charges. Calaway, who has been with the company since 2006, had been serving as interim CFO since June and will receive a salary of $675,000, with potential bonuses bringing his total compensation to approximately $1.7 million. John R. Tyson's tenure was marked by legal troubles, including two arrests for alcohol-related incidents, which raised concerns about corporate governance within the family-controlled company. His departure from the CFO position comes as Tyson Foods reports a rebound in demand for its meat products after a decline in sales earlier this year. The appointment of Calaway is seen as a strategic move to stabilize the company's financial leadership and enhance profitability. Tyson Foods is also undergoing operational changes, including the sale of a poultry complex as part of its optimization strategy.
- Total News Sources
- 2
- Left
- 1
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- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 20 days ago
- Bias Distribution
- 50% Left
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