Curt Calaway Named CFO of Tyson Foods

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.