Beyond Meat chief supply chain officer Bernie Adcock gives notice, days after suspension of COO Doug Ramsey

In an SEC filing​ issued Friday, Beyond Meat said Adcock had informed the company on Sept 20 of his plans to depart, effective September 30, to pursue another opportunity.

Adcock’s role has been eliminated, with his responsibilities to be performed by SVP manufacturing operations Jonathan Nelson, who has just been tasked with taking on the COO role on an interim basis following Ramsey’s suspension​.*

The move comes as Beyond Meat gears up for a showdown with former co-packer Don Lee Farms on Monday Sept 26 in Los Angeles Superior Court​ over the early termination of a supply agreement back in 2017, and follows a grim set of quarterly results, with net losses of $97.1m and revenues down -1.6% to $147m in Q2.

Further reading:

Source link

We will be happy to hear your thoughts

Leave a reply

Enable registration in settings - general
Shopping cart