Image credit: Beyond Meat
Beyond Meat said its Chief Financial Officer, Mark Nelson, will retire on May 5, 2021, after more than 5 years with the plant-based meat company, according to Reuters. However, he won’t be completely severing ties with the company as he will remain as a consultant until May 5, 2023.
Beyond Meat specified that Nelson’s retirement was voluntary and didn’t stem from and disagreements or from any matter relating to its operations, policies, or practices.
In his time with Beyond Meat, Nelson has left a lasting impact as he led multiple fundraising rounds and eventually guided the company through its 2019 initial public offering (IPO). Prior to joining the meat alternative manufacturer, Nelson held the CFO position at medical equipment company Biolase as well as Farmer Brothers. He also spent time as the Chief Accounting Officer at the Newport Corporation, which was acquired by MKS Instruments in 2016.
Nelson’s retirement comes on the heels of major news for the plant-based meat maker, as on February 25, 2021, Beyond Meat and McDonald’s reached a long-term strategic partnership. Under the three-year deal, Beyond Meat will supply McDonald’s with the plant-based patty used in its new McPlant burger. Additionally, the two brands will explore co-developing other plant-based menu items, like plant-based options for chicken, pork, and egg.
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