Beyond Meat (BYND) Stock: Why It Fell Over 5% Today

By Amit Chowdhry ● Sep 26, 2022
  • The stock price of Beyond Meat (BYND) fell by over 5% intraday today. This is why.

The stock price of Beyond Meat (BYND) fell by over 5% intraday today. 

Why: Shift in management

Details: On September 20, 2022, Bernie Adcock had notified Beyond Meat that he is stepping down as the company’s Chief Supply Chain Officer effective September 30, 2022 to pursue another opportunity. And the role of Chief Supply Chain Officer has been eliminated. And Adcock’s responsibilities are now going to be performed by Jonathan Nelson, the company’s current Senior Vice President of Manufacturing Operations.