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Beyond Meat CFO Mark Nelson To Retire

Published on Mar 2 2021 6:58 AM in A-Brands tagged: IPO / CFO / Beyond Meat / Retirement / Mark Nelson

Beyond Meat CFO Mark Nelson To Retire

Mark Nelson, chief financial officer of Beyond Meat, who played a key role in the plant-based patty maker's blockbuster public listing in 2019, will retire in May.

The retirement was voluntary and not a result of any disagreement or on any matter relating to its operations, policies or practices, the company said.

Nelson, who joined Beyond Meat in December 2015, will retire on 5 May, but will remain as a consultant until 5 May 2023.

The company's shares have jumped six fold under Nelson's watch since the IPO, but he has courted controversy after being named in a fraud claims lawsuit filed by Don Lee Farms, a former Beyond Meat supplier.

Beyond Meat has counter-sued Don Lee Farms, according to food industry magazine Food Navigator, with a trial date set for June.

Don Lee Farms did not immediately respond to e-mailed requests for comment, while Nelson was not immediately available to comment on LinkedIn.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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