Beyond Meat eliminates supply chain chief role after exec steps down

Digital display shows Beyond Meat (BYND) listed on the NASDAQ stock exchange during the company's IPO in New York

(Reuters) – Beyond Meat Inc said on Friday it would eliminate the role of chief supply chain officer after Bernie Adcock notified he would step down from the role, effective Sept. 30.

The plant-based meat producer said interim chief operating officer and senior vice president of manufacturing operations, Jonathan Nelson, will oversee the company’s supply chain responsibilities once Adcock leaves.

Beyond Meat added Adcock was leaving to take another opportunity.

Earlier this week, Nelson was tasked with overseeing operations on an interim basis after operating chief Doug Ramsey was arrested for allegedly biting a man’s nose.

Surging inflation has dampened the company’s efforts to make its pricier plant-based meat more affordable to consumers forcing it to lower its revenue forecast for 2022 and cut 4% of its global workforce in August.

(Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Shailesh Kuber)

Ad: Save every day with Amazon Deals: Check out today's daily deals on Amazon.

Related posts

ISIS Agent from Minnesota Pleads Guilty to Helping Terrorist Organization

NJ Israel Commission demands release of hostages as Gaza war reaches 700 days

Mikie Sherrill says she’s innocent, but won’t show anyone the file that could prove it