Weber Inc. (“Weber” or “the Company”) today announced it has
established 1952 Ventures LLC, a new subsidiary that will
serve as an accelerator of new growth platforms and brand
extensions for Weber in the areas of product, technologies, and
partnerships. Troy Shay, Chief Commercial Officer of Weber Inc.,
has been appointed Chief Executive Officer of 1952 Ventures LLC and
Chief Growth Officer of Weber. The Company also announced five
additional senior leadership appointments and promotions in its
Global Operations and Americas and European Operating Segments.
Troy Shay, Chief Executive Officer, 1952 Ventures LLC and
Chief Growth Officer of Weber Inc.
Since joining Weber in 2018, Mr. Shay has led the Company’s
Americas business in the U.S., Canada, and Latin America. He has
been instrumental in managing several strategic Weber commercial
initiatives, resulting in exceptional company growth. In his new
position, effective December 1, 2021, Mr. Shay will focus on future
business development initiatives for Weber and is responsible for
identifying and developing new platforms that expand the Company’s
product and brand portfolios globally.
Beau Warren Promoted to President Weber Americas
Effective December 1, 2021, Beau Warren will serve as President
Weber Americas, succeeding Mr. Shay. Mr. Warren, who joined Weber
in 2019 from Fortune Brands, currently serves as Senior Vice
President and General Manager of Weber’s U.S. business, which has
shown substantial revenue expansion under his leadership.
Michael Jacobs Appointed Chief Operating Officer of Weber
Inc.
Michael Jacobs, Chief Supply Chain Officer, has been appointed
to the role of Chief Operating Officer. Mr. Jacobs joined Weber in
2014 and most recently served as Chief Supply Chain Officer,
leading the Company’s multi-continent manufacturing footprint and
global supply chain. In his new position, Mr. Jacobs will oversee
end-to-end operations for Weber, from its innovation engine to
manufacturing and its customer-facing supply chain.
Jennifer Bonuso Promoted to Senior Vice President and General
Manager, Global Product of Weber Inc.
Jennifer Bonuso will serve as Senior Vice President and General
Manager, Global Product. Since joining Weber in 2019 from Honeywell
and Whirlpool, Mrs. Bonuso has led the creation and management of
an industry-leading new product pipeline.
Hans-Jurgen Herr Appointed President Emeritus and EVP Growth
Projects, Weber EMEA
Effective December 1, 2021, Hans-Jürgen Herr, currently
President of Weber EMEA, will transition to President Emeritus and
EVP Growth Projects as part of a planned multi-year succession
process. An 18-year veteran of Weber, Mr. Herr has served as
President of Weber EMEA for nine years. Through his tenure as
President, he has nearly tripled Weber’s business across the
region. In his new role, Mr. Herr will lead several growth projects
for the Company and serve in an advisory capacity for Weber’s large
and growing EMEA business.
Steffen Hahn, Ph.D., Appointed In-Coming President of Weber
EMEA
Dr. Steffen Hahn, currently Senior Vice President Commercial of
Weber EMEA, will succeed Mr. Herr as President of Weber EMEA,
effective December 1, 2021. Dr. Hahn joined Weber in early 2020 as
part of a planned succession strategy. Since joining the Company,
he has significantly contributed to accelerating Weber’s growth in
EMEA. Before Weber, Dr. Hahn worked across a range of successful
consumer business engagements at McKinsey & Company and Procter
& Gamble.
“The start of 1952 Ventures along with the appointments and
promotions of several senior leaders position us for continued
growth and market leadership,” said Chris Scherzinger, Chief
Executive Officer of Weber. “I believe a company’s success reflects
the talents of its team, and we have the best global team in the
business. We’ll leverage the market-leading strength of our people,
our iconic brand, and our worldwide reach to drive new growth
platforms and innovative ventures with world-class execution.”
“I want to thank Troy, Beau, Mike, Jennifer, Hans, and Steffen
for their leadership and commitment to our Weber team members
around the world and our loyal consumers and fans. I am delighted
each of them will continue to work closely with me to execute our
strategic plan and take our cherished brand to new heights,” added
Mr. Scherzinger.
ABOUT WEBER INC.
Weber Inc., headquartered in Palatine, Ill., is the world’s
leading barbecue brand. The Company’s founder George Stephen, Sr.,
established the outdoor cooking category when he invented the
original charcoal grill nearly 70 years ago. Weber offers a
comprehensive, innovative product portfolio, including charcoal,
gas, pellet and electric grills, smokers, and accessories designed
to help outdoor cooking enthusiasts discover what’s possible.
Earlier this year, the Company acquired June Life Inc., a smart
appliance and technology company, to accelerate the development of
its Weber Connect® technology and digital products. Weber offers
its barbecue grills and accessories, services, and experiences to a
passionate community of millions across 78 countries.
Weber Connect® is a registered trademark of Weber-Stephen
Products LLC.
FORWARD-LOOKING STATEMENTS
This press release contains various “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995, which represent Weber’s expectations or beliefs concerning
future events. In some cases, you can identify these statements by
forward-looking words such as “may,” “might,” “will,” “should,”
“expects,” “plans,” “anticipates,” “believes,” “estimates,”
“predicts,” “potential” or “continue,” the negative of these terms
and other comparable terminology. These forward-looking statements,
which are subject to risks, uncertainties and assumptions about us,
may include projections of our future financial performance, our
anticipated growth strategies and anticipated trends in our
business. These statements are only predictions based on our
current expectations and projections about future events. There are
important factors that could cause our actual results, level of
activity, performance or achievements to differ materially from the
results, level of activity, performance or achievements expressed
or implied by the forward-looking statements, including those
factors discussed in the section titled “Risk Factors” in our
Registration Statement (Registration No. 333-257824) on Form S-1.
Our future results could be affected by a variety of other factors,
including uncertainty of the magnitude, duration, geographic reach,
impact on the global economy and current and potential travel
restrictions of the COVID-19 outbreak, the current, and uncertain
future, impact of the COVID-19 outbreak on our business, growth,
reputation, prospects, financial condition, operating results
(including components of our financial results), and cash flows and
liquidity, risks relating to any unforeseen changes to or effects
on liabilities, future capital expenditures, revenues, expenses,
earnings, synergies, indebtedness, financial condition, losses and
future prospects, the ability to realize the anticipated benefits
and synergies from business acquisitions in the amounts and at the
times expected, the impact of competitive conditions, the
effectiveness of pricing, advertising, and promotional programs;
the success of innovation, renovation and new product
introductions; the recoverability of the carrying value of goodwill
and other intangibles, the success of productivity improvements and
business transitions, commodity and energy prices, transportation
costs, labor costs, disruptions or inefficiencies in supply chain,
the availability of and interest rates on short-term and long-term
financing, the levels of spending on systems initiatives,
properties, business opportunities, integration of acquired
businesses, and other general and administrative costs, changes in
consumer behavior and preferences, the effect of U.S. and foreign
economic conditions on items such as interest rates, statutory tax
rates, currency conversion and availability, legal and regulatory
factors including the impact of any product recalls; and business
disruption or other losses from war, pandemic, terrorist acts or
political unrest.
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version on businesswire.com: https://www.businesswire.com/news/home/20211118005847/en/
INVESTOR RELATIONS CONTACT: investors@weber.com Brian
Eichenlaub
MEDIA CONTACT: media@weber.com Kristina Peterson-Lohman
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