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Tyson Foods’ chief financial officer has lost his job but is not leaving the company.
On Thursday, the meat giant announced that longtime staffer Kurt Caraway, who had been serving as interim CFO, would take over.
Tyson will remain an employee but will be taking a leave of absence for medical reasons, the food company said in a statement.
Tyson was appointed to the role in 2022 at age 32, making him the youngest CFO of a Fortune 500 company at the time. The fourth generation of Tyson’s family took on the role three years after joining the company. He previously worked in investment banking at JPMorgan and is a graduate of Harvard and Stanford universities.
Tyson Foods did not immediately respond to Business Insider’s request for comment sent outside of regular business hours.
The company, known for its Hillshire and Sara Lee brands, is worth $23 billion, and the Tyson family is worth $3.1 billion, according to Forbes magazine.
Two recent arrests
In the first incident of 2022, Tyson was found drunk and asleep in a stranger’s bed around 2 a.m., Business Insider previously reported.
Tyson was found at the home of a woman who believed he had entered through an unlocked front door. He was charged with indecent exposure and trespassing and was released that evening.
In June, Tyson was charged with DUI and careless driving after he misjudged his direction and ran over a curb.
The heir’s run-in with the law isn’t the only controversy the company has had in recent months.
September 2023, The New York Times Magazine The survey was published The report found that children as young as 14 were employed as night-time cleaners at plants run by companies like Tyson Foods, some of whom suffered serious injuries doing work that federal law prohibits children from doing.
Tyson Foods did not respond to BI’s request for comment at the time.
The Department of Labor later investigated child labor at Tyson and Perdue farms as part of a broader investigation. No charges have been filed.
In November, Tyson Foods recalled about 30,000 pounds of frozen dinosaur-shaped chicken nuggets after complaints that the products contained small metal fragments, the U.S. Department of Agriculture’s Food Safety and Inspection Service announced. said.