Beyond Meat suspends COO after arrest for allegedly biting man's nose
Reuters
Published Sep 20, 2022 05:24PM ET
(Reuters) - Beyond Meat (NASDAQ:BYND) Inc's Chief Operating Officer Doug Ramsey has been suspended effective immediately, the company said on Tuesday, following reports of the executive's arrest for allegedly biting a man's nose during an altercation.
The plant-based meat producer said the operations activities will be overseen on an interim basis by Jonathan Nelson, senior vice president of manufacturing operations.
Shares of the company which closed down 6% on Tuesday, were up 0.6% in extended trading.
Ramsey was detained on Saturday on charges of third-degree battery and for threatening, according to court records. He was released on a $11,000 bond on Sunday. According to media reports, the incident happened at a parking garage near Razorback Stadium in Fayetteville, Arkansas.
Ramsey took on the COO's role at Beyond Meat in December 2021 after having served for three decades in various leadership roles at Tyson Foods Inc (NYSE:TSN).
Last year, Beyond Meat's then finance chief Mark Nelson retired shortly after being named in a fraud claims lawsuit filed by Don Lee Farms, a former Beyond Meat supplier.
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.