Former Tesla, Amazon exec steps down as Beyond Meat COO less than two years after arrival
Beyond Meat Inc.’s chief operating officer stepped down this week, the company announced Thursday, less than two years after his arrival.
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Shah arrived in September 2019 from Tesla Inc. TSLA,
When Beyond Meat hired Shah in 2019, he received a stock package that vested over the first two years of the job, with half vesting at the end of one year and the rest quarterly through his second year, which would have ended this month.
Beyond Meat disclosed that Shah’s duties will be handled by Jonathan Nelson, who is currently vice president for North American operations, while the company searches for a replacement. Nelson joined Beyond Meat in May after previously working for food-and-beverage company SunOpta Inc. STKL,
Beyond Meat shares declined about 1.5% in after-hours trading Thursday, after closing with a 0.8% decline at $119.74. Beyond Meat stock has declined 4.2% so far this year, as the S&P 500 index has gained 20.5% and rival Impossible Foods Inc. heads toward an expected initial public offering.