Beyond Meat shares fell 1.26% in premarket trading

Beyond Meat shares fell 1.26% in premarket trading.

Beyond Meat Inc.'s chief operating officer stepped down this week, the company announced Thursday, less than two years after his arrival.

Beyond Meat did not state a reason for the departure in a disclosure filed with the Securities and Exchange Commission on Thursday afternoon, saying only that COO Sanjay Shah notified the company on Monday that he was stepping down immediately.

Shah arrived in September 2019 from Tesla Inc., where he had been in charge of the electric-car company's solar efforts for less than two years before leaving. Before that, Shah spent more than seven years at Amazon.com Inc. $(AMZN)$ As COO of Beyond Meat, he was in charge of global operations and production, an important role for the meat-alternative company as it attempts to scale production of its food products.