Beyond Meat CFO Mark Nelson to retire
Reuters
Published Mar 01, 2021 09:14AM ET
(Reuters) - Beyond Meat (NASDAQ:BYND) Inc said on Monday Chief Financial Officer Mark Nelson, who played a key role in the plant-based patty maker's blockbuster public listing in 2019, will retire in May.
The retirement was voluntary and not a result of any disagreement or on any matter relating to its operations, policies or practices, the company said.
Nelson, who joined Beyond Meat in December 2015, will retire on May 5, but will remain as a consultant until May 5, 2023.
The company's shares have jumped six fold under Nelson's watch since the IPO, but he has courted controversy after being named in a fraud claims lawsuit filed by Don Lee Farms, a former Beyond Meat supplier.
Beyond Meat has counter-sued Don Lee Farms, according to food industry magazine Food Navigator, with a trial date set for June.
Don Lee Farms did not immediately respond to e-mailed requests for comment, while Nelson was not immediately available to comment on LinkedIn (NYSE:LNKD).
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.