Doug Ramsey recently appointed COO Of Beyond Meat was suspended by the Company following charges of felony battery and terroristic threats. According to local media, Ramsey was involved in a road (actually garage) rage incident on Saturday, September 17th. He allegedly attacked the driver of a vehicle that apparently cut in on him smashing a rear window, punching the driver and biting his nose. Witnesses reported that Ramsey threatened to kill the person before being restrained.
Ramsey was previously employed by Tyson Foods, where he was responsible for the McDonald’s account.
Either Ramsey has an uncontrolled temper and extreme sensitivity to driving infractions reflecting an unbalanced temperament or his association with Beyond Meat, promoting a vegetable product, has stimulated a blood lust.
Beyond Meat really needs a good COO, given the Q2 results released on August 4th. The Company lost $97,000 on sales of $147 million. Beyond Meat has posted a 12-month trailing operating margin of -65 percent and a profit margin of -72 percent. At peak after the IPO BYND traded at $160 but is now in the low $20s range with 41 percent of the float short in mid-July.