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Beyond Meat suspends COO after arrest for allegedly biting man's nose

(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...
Beyond Meat suspends COO after arrest for allegedly biting man's nose © Reuters. A guest wears a hat during the Beyond Meat IPO at the Nasdaq Market site in New York, U.S., May 2, 2019. REUTERS/Brendan McDermid
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(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.

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29-09-2022 21:30:26 (UTC+7)

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    EUR/USD 0.9742 ↑ Buy  
    GBP/USD 1.0970 ↑ Buy  
    USD/JPY 144.57 Neutral  
    AUD/USD 0.6459 ↑ Sell  
    USD/CAD 1.3736 Buy  
    EUR/JPY 140.85 ↑ Buy  
    EUR/CHF 0.9564 ↑ Sell  
    Gold 1,656.70 ↑ Sell  
    Silver 18.515 Sell  
    Copper 3.3760 Neutral  
    Crude Oil WTI 81.56 Buy  
    Brent Oil 87.44 Buy  
    Natural Gas 6.703 Buy  
    US Coffee C 225.73 Neutral  
    Euro Stoxx 50 3,260.65 Buy  
    S&P 500 3,628.09 Sell  
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    FTSE 100 6,846.15 Neutral  
    Hang Seng 17,165.87 ↑ Buy  
    Small Cap 2000 1,656.65 ↑ Sell  
    IBEX 35 7,270.79 Neutral  
    BASF 38.490 ↑ Sell  
    Bayer 47.46 Neutral  
    Allianz 158.56 ↑ Sell  
    Adidas 123.74 ↑ Sell  
    Lufthansa 5.808 ↑ Sell  
    Siemens AG 97.40 ↑ Sell  
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JPY160,11169,50
KRW14,3117,43
Cập nhật lúc 17:59:34 29/09/2022
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