DOUG Ramsey made the move to a position as the COO for the successful company, Beyond Meat.
Prior to making the switch, Ramsey worked for Tyson where he was promoted to president in 2017.
Beyond Meat is a non-GMO plant-based food source[/caption]
Who is Doug Ramsey?
For the entirety of Ramsey’s career, he worked for Tyson Foods, getting his first job there in January 1992.
He stayed with the company for 30 years starting in various as-needed jobs, according to his LinkedIn.
Ramsey stayed in the position for over 15 years until he was promoted to Food Service Operations vice president.
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He continued to work his way up as vice president in Retail Fresh Operations and eventually moved to the president of poultry position and ultimately took on the Group President of Poultry position.
While in his final role at Tyson, Ramsey oversaw the domestic poultry business units and used “strategic integrated planning, business acquisitions and integration, lean manufacturing, and cost reduction” in his role, according to the Beyond Meat website.
When did Doug Ramsey start working for Beyond Meat?
Ramsey made the switch from Tyson to the COO position at Beyond Meat in December 2021.
He was brought in alongside fellow Tyson executive Bernie Adcock whose job it was to grow Beyond Meat’s operations, expand their supply chain as well as their manufacturing capacity, and induce savings in the long term.
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When Ramsey and Adcock were onboarded, Ethan Brown, the founder and CEO of Beyond Meat said in a statement on the Beyond Meat website: “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.”
He continued: 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.
“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.”
Tyson was originally an investor in Beyond Meat but canceled their partnership to create their own version of meat-alternative products.
After accepting his new position, Ramsey said via the official website: “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.”
He added: “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 food service and retail customers.”
What is Beyond Meat?
Beyond Meat was founded in 2009 as an alternative to meat, producing plant-based products that quickly took off.
The company uses non-GMO plant proteins which include peas, brown rice, mung beans, and fava beans.
According to the company, they brought in a revenue of $406.8million in 2020 but saw sales fall in the third quarter of 2021.
Brown said the fall in sales was due to the Covid-19 pandemic, saying the decrease was a “pause,” not a drop in interest in the product.
“There’s no indication in my view that coming off of a record quarter of revenue in the second quarter to this quarter that there’s some fundamental change in the consumer mindset toward our products,” Brown told analysts for JustFood Magazine.
“I don’t think there’s any sector issue or any segment issue,” he continued. “We continue to see strong year-over-year growth in terms of overall annual revenue.
“And if you look at 2022 and the work we’re doing there, I think there’s tremendous excitement in our company about what’s coming.
“And so this is a bit of a kind of the pause. And had the pandemic and labor issues and supply chain stuff not interfered, I think this quarter would have been quite different.”
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Beyond Meat announced they are collaborating with Taco Bell for the Beyond carne asada steak.
The new product comes as Yahoo Finance reported Beyond Meat’s stock is down 85 percent in 2022.