Plant-based food maker Beyond Meat has announced the suspension of its chief operating officer following reports that he was arrested and charged following a road rage incident in which he was accused of blowing a man’s nose. did.
Doug Ramsey, 53, was arrested Saturday night and charged with making third-degree battery and making terrorist threats. Washington County Records, Arkansas. Records show he was released Sunday morning on a bond of $11,085.
Citing police reports on Saturday, local media reported that Ramsey was arrested Saturday after getting into a fight in a parking lot outside the University of Arkansas football game in Fayetteville, Arkansas.
According to a police report cited by the media, Ramsey got furious when another driver’s car collided with his. rice field. By the time the other driver got out of the car, Ramsey allegedly began beating him, blowing his nose and threatening to kill him.
California-based Beyond Meat said in a statement Tuesday afternoon that Ramsey was suspended with immediate effect. will be supervised by
Ramsey joined Beyond Meat in December 2021 after nearly 30 years at Arkansas-based Tyson Foods, one of the largest traditional meat producers in the United States.
The COO suspension comes at a difficult time for Beyond Meat, which has announced in recent months. Staff reduction Sales outlook revised downward due to continued inflationary pressure The need to discount products to attract shoppers.
Beyond Meat’s stock will lose more than three-quarters of its value in 2022, closing at a record low of $16.03 on Tuesday. About two months after the company’s initial public offering in May 2019, the stock briefly traded above $230 and fluctuated around $25 per share.