Impossible Foods CEO to step down from alt-meat firm

Company Leadership Transition - Impossible Foods CEO Peter McGuinness has stepped down after nearly four years, with responsibilities now assumed by an executive leadership team rather than a single CEO [1] - The new leadership team includes Jason Gao (chief legal and operating officer), Meredith Madden (chief demand officer), and Robert Haas (chief supply officer) [1] Performance and Strategy - Under McGuinness's leadership, Impossible Foods reportedly outperformed the broader plant-based category through innovation, demand creation, and critical distribution gains, although specific data was not provided [2] - The company has faced pressure in the overall US plant-based meat market, with category sales in decline [3] - McGuinness's tenure included efforts to reposition the Impossible brand, emphasizing that plant-based meat can be "more food- and taste-forward" [3] Future Directions - Impossible Foods has partnered with food-tech start-up Equii to expand its product pipeline with selected grain-based products [4] - The company aims to construct a sustainable business that supports its sustainable mission, as stated by McGuinness [4]