Past Meat mentioned its working leader Doug Ramsey has been suspended, efficient right away, after he was once arrested Saturday night for allegedly punching a person and biting his nostril.
The corporate mentioned in a commentary on Tuesday afternoon that Jonathan Nelson, the corporate’s senior vp of producing operations, will oversee Past’s operations actions on an meantime foundation.
Ramsey, 53, was once charged with terroristic threatening and third-degree battery and booked within the Washington County prison after allegedly assaulting a motive force in a parking storage close to Razorback Stadium.
Ramsey allegedly punched during the again windshield of a Subaru after it made touch with the entrance tire of Ramsey’s automotive, consistent with a initial police file acquired via CNBC. The Subaru proprietor then were given out of his automotive, and Ramsey allegedly began punching him and bit his nostril, “ripping the flesh at the tip of the nostril,” consistent with the file. The sufferer and a witness additionally alleged that Ramsey instructed the Subaru proprietor he would kill him.
Ramsey has been Past Meat’s leader working officer since December. The inside track of his arrest after a College of Arkansas soccer recreation introduced extra scrutiny to the vegan meals corporate, which has been suffering with disappointing gross sales and investor skepticism over its long-term expansion potentialities. The inventory has fallen 75% this yr, dragging its marketplace all the way down to $1.02 billion. Simply 3 years in the past, the corporate was once valued at $13.4 billion.
Previous to becoming a member of Past Meat, Ramsey spent 3 a long time at Tyson Meals, overseeing its poultry and McDonald’s companies. Past Meat was once depending on his revel in to lend a hand the corporate effectively pull off giant launches, specifically with fast-food firms like Taco Bell proprietor Yum Manufacturers and McDonald’s.
Ramsey didn’t reply to a request for remark from CNBC.