PC: Business Insider
After Doug Ramsey, the operating head of Beyond Meat, was detained on Saturday night for allegedly striking and biting a guy in the nose, the company said that Ramsey has been suspended immediately.
Jonathan Nelson, the organization’s senior vice president of manufacturing operations, will operate as Beyond’s temporary operations manager, the firm announced in a statement on Tuesday afternoon.
Ramsey, 53, was arrested in Washington County after reportedly punching a driver in a parking garage close to Razorback Stadium. He was charged with terroristic threatening and third-degree violence.
According to a preliminary police report acquired by CNBC, Ramsey allegedly smashed through the Subaru’s rear windshield after it collided with the front tyre of his vehicle. As soon as the Subaru driver stepped out of his car, Ramsey allegedly began beating him and biting off some of the flesh on the tip of his nose. Additionally, according to the victim and a witness, Ramsey allegedly threatened to kill the Subaru owner.
Since December, Ramsey has served as the company’s chief operating officer. His arrest, which was made public following a University of Arkansas football game, increased investor suspicion about the vegan food company, which has been dealing with weak sales. The stock’s market value has decreased to $1.02 billion as a result of its 75% decline this year. The corporation was valued at $13.4 billion just three years ago.
Ramsey spent thirty years managing Tyson Foods’ poultry and McDonald’s operations before joining Beyond Meat. His expertise was crucial to Beyond Meat’s ability to pull off major launches, especially with fast-food chains like Yum Brands, the owner of Taco Bell, and McDonald’s.