CEO Today - November 2022

MONTHLY ROUND - UP The press release which announced the deal stated that: “Under the terms of their agreement in principle, the parties intend to enter into a definitive purchase agreement and expect to close during the fourth quarter of 2022.” It also said that the deal will include “ongoing technical support” from Parler. Beyond Meat Executive Leaves Company Over Biting Incident BeyondMeat Chief OperatingOfficer Douglas Ramsey, whowas accused of biting a man’s nose, is leaving the company. The US vegan company, know for its meat substitutes, has suspended Ramsey indefinitely. He was arrested in September for reportedly biting a man’s nose after a football game in Arkansas. The company has said that his last day was 14 October. Beyond Meat is facing a difficult time at the moment due to faltering demand for vegan “meat”. It’s also announced that it’s getting rid of 200 staff members, or around 20% of its workforce. “We believe our decision to reduce personnel and expenses throughout the company, including our leadership group, reflects an appropriate right-sizing of our organization given current economic conditions,” commented Beyond Meat boss Ethan Brown. “We remain confident in our ability to deliver on the long-term growth and impact expected from our global brand.” 9

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