Reed’s Inc. Appoints Norman E. Snyder, Jr. as Chief Executive Officer
February 24 2020 - 8:00AM
Reed’s Inc. (Nasdaq: REED), owner of the nation’s leading portfolio
of handcrafted, all-natural beverages, today announced the
appointment of Norman E. Snyder, Jr., currently Chief Operating
Officer, as Reed’s Chief Executive Officer effective March 1, 2020.
“We are excited to have Norm accept the role of
Chief Executive Officer and lead Reed’s into the future,” said John
Bello, Chairman of the Board of Directors of Reed’s, Inc. “Over the
last few months as our Chief Operating Officer, Norm has proven he
is the best candidate for the position already bringing his over
two decades of beverage expertise to the table, leveraging his
extensive supply chain and management experience, and proving to be
an invaluable asset to our team. Through my extensive experience
working with Norm for 20 years, he has exemplified himself as a
knowledgeable leader with a broad range of skills that are
perfectly suited for the CEO role at Reed’s.”
“I am honored to have been chosen to lead Reed’s
in this next phase of growth and continue to build upon the work we
started last fall. We are making strides in developing the
organization necessary to support the opportunities and growth
ahead while driving value for our shareholders,” stated Norm
Snyder, Chief Executive Officer of Reed’s Inc.
“I want to thank John for his support and
contributions over the last five months working tirelessly to
insure Reed’s remained focused on the company’s long term goals
through this transition. I look forward to continuing to work with
him and the rest of the Board as we develop the coming chapters of
the Reed’s story,” continued Mr. Snyder.
Mr. Snyder has served as Chief Operating Officer
of Reed’s Inc. since September 2019 and has over 36 years of
multi-faceted experience in operations, sales, marketing, finance,
manufacturing, business development and management with public,
private, international and start-up companies within the beverage
industry. Prior to joining Reed’s, Mr. Snyder served as President
and Chief Executive Office for Avitae USA, LLC, an emerging premium
new age beverage company that markets and sells a line of
ready-to-drink caffeinated waters. Prior to Avitae, he served as
the President and Chief Operating Officer for Adina For Life, Inc.
a startup beverage venture that markets and sells ready-to-drink
fruit beverages, teas and coffees. Mr. Snyder was also the
President and Chief Executive Officer of High Falls Brewing
Company, Chief Operating Officer of Rheingold Brewing Company, and
Chief Financial Officer, and later Chief Operating Officer of South
Beach Beverage Company, known as SoBe. In prior experience, Mr.
Snyder served as Controller for National Football League
Properties, Inc., and in various roles at PriceWaterhouse during an
eight-year tenure. He worked with Mr. Bello both at the NFL and
Adina for Life in addition to contributing to the spectacular
success at SoBe.
Mr. Snyder will succeed John Bello, who has
served as Reed’s Interim Chief Executive Officer since September
2019. Mr. Bello will continue to support Reed’s as the Chairman of
the Board of Directors and will work closely with Mr. Snyder to
ensure a seamless transition.
About Reed’s, Inc.:
Established in 1989, Reed's is America's
best-selling Ginger Beer brand and has been the leader and
innovator in the ginger beer category for decades. Virgil's is
America's best-selling independent, full line of natural craft
sodas. The Reed's Inc. portfolio is sold in over 35,000 retail
doors nationwide. Reed's Ginger Beers are unique due to the
proprietary process of using fresh ginger root combined with a
Jamaican inspired recipe of natural spices and fruit juices. The
Company uses this same handcrafted approach in its award-winning
Virgil's line of great tasting, bold flavored craft sodas.
For more information about Reed’s, please visit
the Company’s website at: http://www.drinkreeds.com or call
800-99-REEDS. Follow Reed’s on Twitter, Instagram, and Facebook
@drinkreeds.
For more information about Virgil’s please visit
Virgil’s website at: http://www.virgils.com. Follow Virgil’s on
Twitter and Instagram @drinkvirgils and on Facebook
@drinkvirgilssoda.
CONTACT:
Investor RelationsScott Van Winkle, ICR(800) 997-3337 Ext 6Or
(617) 956-6736Email: ir@reedsinc.comwww.reedsinc.com
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