Every member of Hampton Creek’s board has stepped down except for the CEO


Hampton Creek is in the news again — and not for the reasons it
would like to be. Hampton Creek’s entire board of directors
have left, except for CEO Josh Tetrick.

Five board members left just in the last month after some
serious disagreement with how Tetrick was running things,
according to
Bloomberg,
which first reported the departures. They
include Bon Appétit Management Co. co-founder and CEO Fedele
Bauccio, former U.S. Health and Human Services Secretary
Kathleen Sebelius, Google DeepMind co-founder Mustafa
Suleyman, Khosla Ventures partner Samir Kaul, and
Hong Kong billionaire Li Ka-shing’s Horizon Ventures
representative Bart Swanson. Salesforce CEO Marc Benioff’s wife
Lynne stepped down from the board last year.

 A company spokesperson tells TechCrunch the changes are
part of a move to ensure “our employees maintain their ability to
direct our mission,” saying it is, “as critical as the
technologies we deploy and the products we launch. We will always
protect this principle.”

We’ve reached out, but none of the outgoing directors have
gotten back to us at this time but Hampton Creek has furnished
TechCrunch with a joint statement from the outgoing members of
the board.

“We continue to fully support Hampton Creek and its CEO Josh in
their exciting and important mission to change the food
industry for the better of all people. We will advise Josh and
the team on strategies across all areas of its business moving
forward,” the statement reads.

Hampton Creek has been hit with numerous issues in the last few
years. Most recently, Target announced it would be pulling all
of the company’s products off its shelves due to safety and
labeling concerns. Hampton Creek was also accused of
orchestrating an undercover buyback scheme where employees
bought back its products to boost sales numbers, prompting a
federal inquiry. However, those accusations were proven false
and the investigation has ended,
according to Tetrick
.

The CEO also fired several top executives in April, after
fundraising struggles. Three other senior leaders left the
company shortly after Tetrick says he discovered them trying to
limit his power in the company.

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