Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat” or “the Company”),
a leader in plant-based meat, today announced the appointment of
two food industry veterans to its executive leadership team. Doug
Ramsey joins as Chief Operating Officer following three decades at
Tyson Foods where he oversaw the company’s poultry and McDonald’s
businesses. Bernie Adcock joins in the newly created role of Chief
Supply Chain Officer following more than three decades of
experience in operations and supply chain management at Tyson
Foods, and will report to Ramsey.
Ramsey and Adcock join as Beyond Meat, the #1
selling plant-based meat brand in the refrigerated category at
retail and across total foodservice in the U.S.1, is aggressively
scaling production and commercialization in the US, EU, and China.
The pair will be instrumental in growing Beyond Meat’s operations,
supply chain, and manufacturing, and driving efficiencies to unlock
cost-savings as the Company pursues its long-term goal of price
parity with animal protein. These hires come at a time of rapid
innovation and commercialization for the Company, with more than a
dozen new products introduced in just the last two years.
“After a long and careful search, I could not be
more thrilled to announce the arrival of Doug Ramsey and Bernie
Adcock at Beyond Meat. Doug and Bernie bring a proven track record
of impressive operational excellence in the protein industry that
our global partners, customers, and consumers expect and deserve,”
said Ethan Brown, Founder and CEO, Beyond Meat. “As we’ve made
clear, we are investing today in tomorrow’s growth, whether by
adding to our best-in-class management team or by building out
operations around the world, to advance our vision of being the
global protein company of the future.”
Ramsey joins Beyond Meat as Chief Operating
Officer after 30 years at Tyson Foods. He began at Tyson in 1992,
eventually holding several top leadership positions, including
Group President of Poultry. In this role, he oversaw all domestic
poultry business units, driving market share through strategic
integrated planning, business acquisitions and integration, lean
manufacturing, and cost reduction. He also served as President of
the Global McDonald’s Business, overseeing sales, operations, and
marketing for one of Tyson’s key customers.
“Beyond Meat is the gold standard in the
plant-based meat industry and I am proud to join in its mission to
produce delicious products that are healthier for our customers and
more sustainable for our planet,” said Ramsey. “I’m thrilled to be
a part of a company that is constantly innovating and delivering
high-quality products to some of the world’s most prominent
foodservice and retail customers.”
Adcock joins Beyond Meat as Chief Supply Chain
Officer after 31 years at Tyson Foods. He most recently served as
Chief Supply Chain Officer, helping to scale the company’s poultry
business through cross-functional strategic oversight and the
integration of innovative technologies across the supply chain.
“I’m delighted to join Beyond Meat at a moment
when the company is rapidly scaling for strategic partners,
customers, and consumer demand in the US and globally,” said
Adcock. “I am looking forward to supporting the Company’s planned
growth through the expansion of supply chain capacity domestically
and in high-potential markets like the EU and China.”
Beyond Meat continues to advance its mission of
increasing accessibility to its plant-based meat products globally.
In 2021 alone, Beyond Meat announced partnerships with some of the
world’s top quick-serve restaurants, including McDonald’s and Yum!
Brands, and established a joint venture with PepsiCo to develop,
produce, and market innovative snack and beverage products made
from plant-based protein. The appointments of Ramsey and Adcock are
the latest examples of Beyond Meat’s commitment to operational
excellence and scaling its business globally to make a positive
impact on human health, climate, constraints on natural resources,
and animal welfare.
About Beyond MeatBeyond Meat,
Inc. (NASDAQ: BYND) is one of the fastest growing publicly-traded
food companies in the United States, offering a portfolio of
revolutionary plant-based proteins made from simple ingredients
without GMOs, bioengineered ingredients, hormones, antibiotics or
cholesterol. Founded in 2009, Beyond Meat products are designed to
have the same taste and texture as animal-based meat while being
better for people and the planet. Beyond Meat’s brand commitment,
Eat What You Love™, represents a strong belief that there is a
better way to feed our future and that the positive choices we all
make, no matter how small, can have a great impact on our personal
health and the health of our planet. By shifting from animal-based
meat to plant-based protein, we can positively impact four growing
global issues: human health, climate change, constraints on natural
resources and animal welfare. As of September 2021, Beyond Meat had
products available at approximately 128,000 retail and foodservice
outlets in over 85 countries worldwide. Visit www.BeyondMeat.com
and follow @BeyondMeat, #BeyondBurger and #GoBeyond on Facebook,
Instagram, Twitter and TikTok.
Beyond Meat Forward Looking StatementsCertain
statements in this release constitute “forward-looking statements.”
Forward-looking statements include statements regarding the
company’ growth plans, including expansion of the company’s supply
chain and operational capacity, and are based on management’s
current opinions, expectations, beliefs, plans, objectives,
assumptions or projections regarding future events or future
results. These forward-looking statements are only predictions, not
historical fact, and involve certain risks and uncertainties, as
well as assumptions. Actual results, levels of activity,
performance, achievements and events could differ materially from
those stated, anticipated or implied by such forward-looking
statements. While Beyond Meat believes that its assumptions are
reasonable, it is very difficult to predict the impact of known
factors, and, of course, it is impossible to anticipate all factors
that could affect actual results. There are many risks and
uncertainties that could cause actual results to differ materially
from forward-looking statements made herein including, most
prominently, the risks discussed under the heading “Risk Factors”
in the Company’s Annual Report on Form 10-K for the year ended
December 31, 2020 filed with the U.S. Securities and Exchange
Commission (“SEC”) on March 1, 2021, and the Company’s Quarterly
Report on Form 10-Q for the quarter ended October 2, 2021 filed
with the SEC on November 12, 2021, as well as other factors
described from time to time in the Company's other filings with the
SEC. Such forward-looking statements are made only as of the date
of this release. Beyond Meat undertakes no obligation to publicly
update or revise any forward-looking statement because of new
information, future events or otherwise, except as otherwise
required by law. If we do update one or more forward-looking
statements, no inference should be made that we will make
additional updates with respect to those or other forward-looking
statements.
Media ContactShira
ZackaiShira.Zackai@beyondmeat.com
1 #1 selling refrigerated plant-based meat brand in retail
(SPINS) and #1 selling plant-based meat brand in total foodservice
excluding Food Stores & Large Chains (NPD) YTD ending October
31, 2021
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