Doug Ramsey, chief operating officer (COO) of Beyond Meat, was arrested last weekend after allegedly biting a man’s nose in a stadium parking garage following a college football game.
Ramsey, 53, was booked in the Washington County jail in Arkansas on the evening of September 17th on charges of terroristic threatening and third-degree battery.
According to an initial police report first reported by KNWA Fox24, the altercation took place in a parking garage near Razorback Stadium after the football game between Arkansas and Missouri states that night.
The police report indicated that an officer was dispatched to Gate 15 just after 10 p.m. for “a disturbance that had previously occurred in the Stadium Drive Parking Garage.” The officer found “two males with bloody faces” at the scene.
After talking to both parties and a witness, the officer found out that Ramsey was allegedly in the traffic lane of the structure, attempting to leave the parking garage, when a Subaru “inched his way” in front of Ramsey’s Bronco, making contact with the latter’s front-passenger side tire.
The report noted that Ramsey stepped out of his car and allegedly “punched through the back windshield of the Subaru.” That caused the Subaru owner to get out of his car, but the moment he stepped out, Ramsey allegedly “pulled him in close and started punching his body.” The report pointed out that Ramsey also bit the nose of the Subaru owner, “ripping the flesh on the tip of the nose.”
Additionally, the Subaru owner and the witness reported hearing Ramsey “threaten to kill” the Subaru owner.
According to the Washington County, Arkansas, information page, Ramsey was released from police custody on September 18th. He is scheduled to appear in Fayetteville District Court on October 19th.
Who is Doug Ramsey of Beyond Meat?
Ramsey was named the COO of Beyond Meat in December 2021. Prior to joining the Los Angeles–based producer of plant-based meat substitutes, Ramsey worked for 30 years at Tyson Foods, overseeing its poultry and McDonald’s businesses. Ramsey had been a member of Tyson Foods’ poultry business since 1992 and was named president of the firm’s global McDonald’s business in 2019. Ramsey left Tyson Foods in 2021 on his own accord.
Falling Beyond Meat shares
Ramsey’s arrest comes as Beyond Meat has been facing skepticism from investors over its unsatisfactory sales, financially challenged operations, and disappointing long-term growth prospects.
As CNBC reported, Beyond Meat stock has dropped 73% this year, dragging its market down to $1.09 billion. For comparison, the company was valued at $13.4 billion just three years ago.
Beyond Meat shares have fallen 92% from their peak closing value of $234.90 in 2019.