Beyond Meat suspends an executive accused of biting a man’s nose in a fight
Beyond Meat suspends an executive accused of biting a man’s nose in a fight A top executive at plant-based food company Beyond Meat has been charged with felony battery after a fight outside a college football game in which he was accused of biting a man’s nose.
Doug Ramsey was likewise accused of conveying a terroristic intimidation after the assault Saturday in a parking structure outside a College of Arkansas football match-up in Fayetteville.
Beyond Meat said Tuesday it has suspended Ramsey indefinitely.
As per a police report, Ramsey was irritated when one more driver crept before him in a roadway and connected with the front traveler wheel on Ramsey’s Passage Horse SUV.
The police report alleges that Ramsey got out of his vehicle and punched through the back windshield of the other driver’s car. The driver told police he got out of his car and Ramsey pulled him close and began punching him. Ramsey also bit the tip of the other driver’s nose, ripping the flesh, according to the police report.
Beyond Meat suspends an executive accused of biting a man’s nose in a fight The driver and witnesses told police that Ramsey threatened to kill the other man. Occupants of both vehicles got out and separated the two men.
Washington Province court records show Ramsey was delivered Sunday on a $11,085 bond. A court appearance is booked for Oct. 19. Court authorities couldn’t give the name of a lawyer for Ramsey on Tuesday.
Ramsey, 53, spent over 30 years at Springdale, Arkansas-based Tyson Food sources prior to joining Past Meat as head working official toward the end of last year. He stood firm on top initiative footings at Tyson, including leader of its poultry division and leader of its worldwide McDonald’s business.
At Beyond Meat, he has guided partnerships with fast food companies including McDonald’s, Panda Express and KFC.
Beyond Meat said Jonathan Nelson, its senior vice president for manufacturing operations, will oversee the company’s operations on an interim basis.
Beyond Meat shares hit a 52-week low of $15.97 Tuesday before closing at $16.03. The company’s shares have tumbled more than 75% since the start of this year.
The El Segundo, California-based organization has battled as clients managing taking off staple bills have circumvent its more extravagant items. McDonald’s likewise as of late finished a U.S. preliminary of its McPlant meatless burger — created with Past Meat — without affirming tentative arrangements for the item.
Beyond Meat laid off 4% of its workforce in August.
Police arrested the vegan food purveyor’s COO Doug Ramsey on charges of “terroristic threatening” and third-degree battery on Saturday night. Ramsey was released on an $11,000 bond the following day, according to court records.
The company didn’t respond to requests for comment on the arrest. It later released a brief statement announcing that Ramsey “has been suspended effective immediately.”
Fayetteville, Arkansas, news station KNWA, refering to a police report, said Past Meat’s Ramsey “punched through the back windshield” of a Subaru that had raised a ruckus around town of his Mustang. The episode occurred in a parking structure close to Razorback Arena at the College of Arkansas.
The driver of the Subaru told police that Ramsey “pulled him in close and started punching his body.” Ramsey also bit the driver, “ripping the flesh on the tip of the nose,” the news report said.
Ramsey joined Beyond Meat in December last year, pivoting from a three-decade career at Tyson Foods.
Beyond Meat had been a market leader in the plant-based meat space, alongside rival Impossible Foods. It was a Wall Street juggernaut after its IPO in 2019, but since then has struggled to deliver on sales goals.
Shares have fallen more than 90% from their 2019 high.
On Tuesday, the stock was trading at around $16, a record low since its debut at $25 per share.
In its latest profit report, the organization faulted expansion for disheartening deals and downbeat viewpoint. Past Meat has long said it desires to increase to the point of aligning the cost of its plant-based contributions with creature based items. Yet, in a profit call with examiners, Chief Ethan Brown said the organization wasn’t there yet. The value of Past’s “hamburger” sells for $8.35 a pound, contrasted and USDA ground meat, which sells for $4.90.
Beyond Meat suspends an executive accused of biting a man’s nose in a fight “That is a very difficult proposition when consumers have very high levels of inflation going on and their buying power in grocery is declining,” Brown said.