Beyond Meat’s Doug Ramsey has been suspended from the company after he was accused of biting a man’s nose during a fight © `
Plant-based food maker Beyond Meat announced the suspension of its chief operating officer after reports that the executive had been arrested and charged following a traffic incident in which he was accused of biting a man’s nose .
Doug Ramsey, 53, was arrested Saturday night and charged with third-degree assault and terrorist threat, records from Washington County, Arkansas show. Records show he was released Sunday morning on $11,085 bail.
Citing a police report on Saturday, local media reported that Ramsey was arrested Saturday after a fight in a parking garage before a University of Arkansas football game in Fayetteville, Arkansas.
According to the police report cited by the media, Ramsey was upset when another driver’s vehicle made contact with his own. According to the report, Ramsey got out of his car and punched through the other vehicle’s rear windshield. The other driver got out of his car, after which Ramsey allegedly started hitting him, bit his nose and threatened to kill him.
California-based Beyond Meat said in a statement Tuesday afternoon Ramsey has been suspended, effective immediately. Operations would now be overseen on an interim basis by Jonathan Nelson, the company’s senior vice president of manufacturing operations.
Ramsey joined Beyond Meat in December 2021 after a nearly three-decade career at Arkansas-based Tyson Foods, one of the largest producers of traditional meats in the United States.
The suspension of its COO comes at a difficult time for Beyond Meat, which in recent months has announced job cuts and downgraded its sales outlook due to ongoing inflationary pressures and the need to scale back its products to attract buyers.
Beyond Meat shares have lost more than three-quarters of their value in 2022, closing at a record low of $16.03 on Tuesday. About two months after the company’s IPO in May 2019, when it went public at $25 per share, shares briefly changed hands for more than $230.
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