REUTERS — Tyson Foods has named insider Curt Calaway as its chief financial officer, succeeding John R. Tyson, who was suspended in June after police in Arkansas arrested and charged him for intoxicated and careless driving.
Calaway has been with the company since 2006 and was most recently serving as interim CFO. He was also the CFO for Tyson Foods’ prepared foods business unit.
The company said it has increased Calaway’s annual base salary to $675,000 and boosted his target annual incentive plan award to 110 per cent of base salary.
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It said Tyson remains with the company but is currently on health-related leave. It was the second time in less than two years that the great-grandson of the company’s founder, John W. Tyson, was arrested.
