Beyond Meat suspends COO Doug Ramsey after being arrested for alleged nose biting

Beyond Meat suspends COO Doug Ramsey after being arrested for alleged nose biting

douglas ramsey

Source: Washington County, Arkansas

Beyond Meat said its chief operating officer, Doug Ramsey, has been suspended, effective immediately, after he was arrested Saturday night for allegedly punching a man and biting his nose.

The company said in a statement Tuesday afternoon that Jonathan Nelson, the company’s senior vice president of manufacturing operations, will oversee Beyond’s operational activities on an interim basis.

Ramsey, 53, was charged with third-degree terroristic threat and assault and booked into the Washington County Jail after allegedly assaulting a driver in a parking lot near Razorback Stadium.

Ramsey allegedly went through the rear windshield of a Subaru after it made contact with the front tire of Ramsey’s car, according to a preliminary police report obtained by CNBC. The Subaru owner then got out of his car and Ramsey allegedly began punching him and biting his nose, “tearing the flesh at the tip of his nose,” according to the report. The victim and a witness also alleged that Ramsey told the Subaru owner that he would kill him.

Ramsey has been Beyond Meat’s chief operating officer since December. News of his arrest after a University of Arkansas football game drew more scrutiny on the vegan food company, which has been struggling with disappointing sales and investor skepticism about its long-term growth prospects. The stock has fallen 75% this year, dragging its market down to $1.02 billion. Just three years ago, the company was valued at $13.4 billion.

Before joining Beyond Meat, Ramsey spent three decades at Tyson Foods, overseeing its poultry and McDonald’s businesses. Beyond Meat relied on his experience to help the company successfully pull off big launches, especially with fast-food companies like the owner of Taco Bell, Yum Brands, and McDonald’s.

Ramsey did not respond to a request for comment from CNBC.

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