NEWAGE ANNOUNCES NEW MEMBER, ALICIA SYRETT, TO ITS BOARD OF DIRECTORS
January 07 2020 - 7:00AM
NewAge Beverages Corporation (NASDAQ: NBEV), the Colorado-based
healthy products company, today announced that Alicia Syrett has
joined New Age as a newly appointed member of the Board of
Directors effective January 6, 2020. Ms. Syrett intends to stand
for election to the NewAge Board of Directors at its annual meeting
to be held in May 2020.
Ms. Syrett brings more than 20 years of
investment management experience to the NewAge Board and is
currently the Chief Executive Officer of Pantegrion Capital, an
investment management firm she founded in 2011. She is an
accomplished author, speaker, and regular media personality on
major cable and network news and financial programs.
Prior to Pantegrion, Ms. Syrett was the Chief
Administrative Officer and Managing Director of Mount Kellett, a
multi-billion dollar investment firm that was acquired by Fortress
Investment Group. Between the years of 2002 and 2008 she served as
a Director at HBK investments and as Chief Administrative Officer
at Farallon Capital, one of the largest, multi-billion dollar hedge
funds. She began her career at Donaldson, Lufkin, & Jenrette in
Investment Banking. Ms. Syrett currently serves on the boards of
the New York Tech Alliance and Enerknol, an innovative energy
policy and data analytics company.
She earned a Master in Business Administration,
graduating with distinction, from both the Columbia Business School
and the London Business School, and holds a Bachelor of Science in
Economics from the Wharton School at The University of
Pennsylvania.
“Alicia’s significant expertise in both
investment management and human resources will be extremely
beneficial to the Company, and highly complementary to the
backgrounds of the other Board Directors,” commented Brent Willis,
Chief Executive of NewAge. “Her depth of media experience will be a
tremendous asset to our board as we work to improve our media
approach, strengthen our brand and improve our story for investors
to better understand the power and potential of the Company. We are
thrilled for her to join us in our mission to inspire and educate
the planet to “Live Healthy.”
Commenting on her joining NewAge, Syrett stated:
“I’m excited to join the incredible team at New Age and bring
significant value to the Company, helping support them in their
purpose, and drive further value for NewAge’s shareholders as we
continue to communicate the Company’s potential and execute on our
initiatives. NewAge’s management has developed a powerful global
operation and an outstanding portfolio of healthy products over the
last three years and I look forward to helping further position the
Company for transformative growth and significant value creation in
the near and long term.”
Ms. Syrett will serve on the Audit and
Compensation committees of the Board.
About New Age Beverages Corporation
(NASDAQ: NBEV)
NewAge is a Colorado-based healthy products
company dedicated to inspiring and educating consumers to "live
healthy." The Company is the only omni-channel company with access
to traditional retail, e-commerce, direct-to-consumer, and medical
channels across 60 countries around the world. NewAge is also the
only one-stop-shop of healthy beverages and includes the brands
Nestea, Illy Coffee, Volvic, Evian, Tahitian Noni, TeMana, Búcha
Live Kombucha, Marley, and others. New Age competes in the growth
segments of the >$1 trillion-dollar non-alcoholic beverage
industry and has become one of the largest non-alcoholic healthy
beverage companies in the world.
The Company operates the websites
www.newagebev.com, www.newagebev.us, www.morinda.com,
www.bwrgroup.com, www.mybucha.com, www.xingtea.com,
www.drinkmarley.com, www.nhancedcbd.com, and www.cocolibre.com.
New Age has exclusively partnered with the world's 5th largest
water charity, WATERisLIFE, to end the world water crisis with the
most innovative technologies available. Donate at WATERisLIFE.com
to help us #EnditToday.
Safe Harbor Disclosure
This press release contains forward-looking
statements that are made pursuant to the safe harbor provisions
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements are any statement reflecting
management's current expectations regarding future results of
operations, economic performance, financial condition and
achievements of the Company including statements regarding New Age
Beverage's expectation to see continued growth. The forward-looking
statements are based on the assumption that operating performance
and results will continue in line with historical results.
Management believes these assumptions to be reasonable but there is
no assurance that they will prove to be accurate. Forward-looking
statements, specifically those concerning future performance are
subject to certain risks and uncertainties, and actual results may
differ materially. New Age Beverages competes in a rapidly growing
and transforming industry, and other factors disclosed in the
Company's filings with the Securities and Exchange Commission might
affect the Company's operations. Unless required by applicable law,
NBEV undertakes no obligation to update or revise any
forward-looking statements.
For investor inquiries about New Age
Beverages Corporation please contact:
Media:Desiree Rosa, MULTIPLY
Tel: 1-646-499-3306NewAgeBev@wearemultip.ly
Investor Relations Counsel:John
Mills/Scott Van WinkleICR – Strategic Communications and
AdvisoryTel: 1-646-277-1254/617-956-6737newage@icrinc.com
New Age Beverages
Corporation:Gregory A. GouldChief Financial OfficerTel:
1-303-566-3030Greg_Gould@NewAge.com
- World's 5th largest water charity
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