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Tyson Foods has appointed Curt Calaway to the role of chief financial officer, effective immediately, succeeding company heir John R Tyson.

Calaway has been with Tyson Foods since 2006, most recently serving as the meat giant’s interim chief financial officer (CFO). This followed John R Tyson’s suspension in June last year.

John previously served as CFO for the company, but was suspended following an arrest for allegedly driving whilst intoxicated in Fayetteville, Arkansas. In a press statement announcing Calaway’s permanent appointment to the role, Tyson said that John “remains with the company, but is currently on health-related leave”.

Calaway will report directly to Donnie King, president and chief executive officer of Tyson Foods, in his CFO role. He brings nearly 30 years of experience in finance, audit and accounting.

Prior to being named interim CFO, Calaway served as the CFO for Tyson Foods’ prepared foods business unit. He was also responsible for the company’s mergers and acquisitions (M&A) activities, and corporate development efforts.

Calaway also served as senior vice president of finance and treasurer, where he led investor relations, treasury, corporate finance, corporate financial planning & accounting, M&A, corporate development, and supply chain finance.

During his 18-year tenure with the company, Calaway has held various leadership roles including controller, chief accounting officer and VP of audit and compliance.

President and CEO King commented: “Curt is a proven leader with deep industry knowledge and a wealth of experience in financial strategy and reporting. “I am confident Curt will continue to help drive our operational excellence and shareholder value.”

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