Oatly Group AB announces today Tues 11th May that it has commenced its IPO of 84,376,000 American Depositary Shares, each representing one ordinary share offered by Oatly and certain selling shareholders. Around 20 million of those shares were from existing investors, who include Oprah Winfrey, Natalie Portman and Jay-Z. Oatly will list its shares under “OTLY” on Nasdaq.
Beyond Meat Appoints New CFO, Makes Top Leadership Changes
Beyond Meat (NASDAQ: BYND) is making significant changes to its leadership following the departure of Chief Operating Officer Douglas Ramsey on Oct. 14th, according to the company’s 8-K investor documents. Beyond is also appointing Lubi Kutua as its new Chief Financial Officer and shifting top personnel in other roles including principal accounting officer and SVP of operations. Ramsey, who was suspended from Beyond on Sept. 20th following an altercation at a college football game, formally resigned from the company on Oct. 14th, according to documents. In addition, current CFO and treasurer Phillip E. Hardin is exiting the company to “pursue other opportunities” reports Fortune. In a statement, Beyond shared Hardin will remain employed with the company through Oct. 28th to assist the transition, noting, “His …