About CEO:
- Identify: Ethan Walden Brown
- Age: 53 (born 1971)
- Training:
- BA in Historical past and Authorities, Connecticut Faculty
- MPP (Grasp of Public Coverage, an instructional diploma.) with a deal with Atmosphere, College of Maryland
- MBA, Columbia College
- Profession Highlights:
- Founder, President & CEO of Past Meat (2009-present)
- Past Meat three way partnership with PepsiCo
- Director, The PLANeT Partnership
- Vice Chairman of the Board, Nationwide Hydrogen Affiliation
- Secretary, U.S. Gas Cell Council
- Former power analyst & gasoline cell business skilled
- Honored by Inc.’s Finest Led Corporations, Bloomberg 50, Newsweek’s Prime Innovators
- Recipient of UN’s Champion of the Earth award (2018) with Past Meat
Past Meat:
- Based: 2009
- IPO: Might 2, 2019 (Nasdaq: BYND)
- Headquarter: El Segundo, California, United States
- Mission: “To create the world’s main plant-based protein firm, providing extra scrumptious, humane, and sustainable meat options.”
- Merchandise: Plant-based burgers, sausages, floor “meat,” rooster strips, meatballs and extra
- Retail presence: Past Meat branded merchandise have been obtainable at roughly 191,000 retail and foodservice shops in over 80 nations worldwide
Affect:
- Market chief: Past Meat is the main plant-based meat firm within the U.S. by retail sales and changing into the primary plant-based meat firm to take action.
- Awards:
- Inc.’s Finest Led Corporations 2021
- The Bloomberg 50 for 2019
- Newsweek’s Prime Innovators of 2019
- Champion of the Earth award from the United Nations (2018)
- An Aspen Institute Henry Crown Fellow
- Monetary efficiency:
- Income: $464 million (2022)
- Internet revenue: -$100 million (2022)
- Inventory worth: ~$15 per share (as of February 23, 2024)
- Gross revenue: ~ $2.3 million
- Challenges: Current monetary struggles, competitors from different plant-based meat corporations, and sustaining shopper curiosity.
- Future: The plant-based meat market is anticipated to be value $85 billion by 2030
Fascinating Info:
- Past Meat merchandise are constructed from plant-based elements like pea protein, mung bean, and brown rice
- The corporate claims that its merchandise use 90% much less water, 46% much less land, and generate 90% fewer greenhouse gasoline emissions in comparison with conventional animal meat manufacturing
- Past Meat has been criticized for the excessive worth of its merchandise and the usage of sure elements, equivalent to coconut oil
- The corporate is dealing with rising competitors from different plant-based meat producers
General: Ethan Brown’s management at Past Meat has considerably contributed to the expansion and mainstream adoption of plant-based meat options. Whereas dealing with challenges, he stays a distinguished determine within the sustainable meals motion.
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