David Vanderveen Joins Newage as Chief Operating Officer
January 13 2020 - 7:30AM
NewAge Beverages Corporation (Nasdaq: NBEV), the
Colorado-based healthy products company, today announced that David
Vanderveen has joined NewAge as the newly appointed chief operating
officer effective immediately.
David Vanderveen has been an accomplished
industry leader in the Direct Selling industry for over 20 years.
He was the founder and chief executive officer of XS Energy, a
portfolio of energy drinks and sports nutrition products, which he
sold to Amway in 2015 and became Amway’s fastest growing brand and
category in their portfolio worldwide with annual sales of almost
$500 million. Since the sale of XS Energy, he has been operating as
a senior executive within Amway leading the expansion of the brand
to more than 60 countries. Mr. Vanderveen commented, “partnering
with a world class company like Amway and their business owners has
been a highlight and an incredibly enriching and rewarding
experience. We were fortunate to have had such success supporting
the growth and development of millions of entrepreneurs around the
globe with one of the most innovative functional beverage and
sports nutrition brands. Our work together transforming direct
selling has been foundational to my view of what’s possible in the
new world of brand building.”
Most recently Mr. Vanderveen joined the board of
RX3 Ventures and is an investor together with Byron Roth and Nathan
Raabe from Roth Capital, and Aaron Rodgers, the quarterback of the
Green Bay Packers. RX3 Ventures is a consumer-focused investment
fund based in Orange County, California that partners with consumer
brands to maximize growth by leveraging its unique network of
partners and influencers. RX3 Ventures’ current portfolio companies
include Hims, CorePower Yoga, Hydrow, Mack Weldon, Tocaya Organica,
Kitu, Privé Revaux and others. Mr. Vanderveen intends to maintain
his investment interest in the fund and NewAge may act as a
distribution extension arm of RX3 on selected brands in the
future.
Mr. Vanderveen is a leading social media
presence and influencer in the direct selling industry, known and
respected worldwide. He is an accomplished author and speaker with
numerous published articles, books, films, and podcasts to his
credit. Mr. Vanderveen continued, “NewAge is the next logical step
for me, to build on my success with XS Energy, Amway, and my work
with RX3 Ventures. I have a shared vision with Brent Willis and his
team on how digital and social commerce platforms will transform
brand building, and I intend to support the building of NewAge into
one of the preeminent omni-channel businesses worldwide.”
Brent Willis commented, “We are incredibly
excited to have Dave join NewAge. His reputation speaks for itself.
His track record of successfully driving transformative organic
growth is unparalleled, along with his knowledge of how to convert
traditional direct selling into experiential marketing machines. We
have spent the past three years creating the platform at NewAge,
such that someone like Dave, partnering with Julie Garlikov, our
new CMO and the rest of our team, can now really leverage it to
deliver superior growth and return for
shareholders.”
About NewAge 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. NewAge 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.
NewAge 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 DisclosureThis
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 NewAge
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. NewAge 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 NewAge
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: 1-646-277-1254/1-617-956-6736newage@icrinc.com
NewAge Beverages
Corporation:Gregory A. GouldChief Financial OfficerTel:
1-303-566-3030Greg_Gould@NewAge.com
A photo accompanying this announcement is
available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/cf765c27-6bff-4993-bc50-0a957020231a
NewAge (NASDAQ:NBEV)
Historical Stock Chart
From Mar 2024 to Apr 2024
NewAge (NASDAQ:NBEV)
Historical Stock Chart
From Apr 2023 to Apr 2024