Beyond Meat taps new CAO amid accounting overhaul

Group 1 - Beyond Meat appointed Tony Kalajian as chief accounting officer and principal accounting officer, effective January 12, following the termination of the previous officer Yi (Jevy) Luo [3][9] - The appointment comes amid ongoing financial challenges for Beyond Meat, including a material weakness in internal controls related to financial reporting [4][9] - Kalajian's role will focus on improving the company's accounting and financial processes, which have been identified as inadequate [4][5] Group 2 - Kalajian will receive an annual base salary of $325,000, with an annual bonus opportunity of up to 35% of his base salary, and a one-time cash bonus of $35,000 upon taking the role [7] - Beyond Meat's gross profit for the third quarter ended September 27 fell by approximately 50% to $7.2 million, indicating a significant decline in sales and profit [8]