Zevia PBC (“Zevia” or the “Company”) (NYSE: ZVIA), the company
disrupting the liquid refreshment beverage industry with great
tasting, zero sugar beverages made with simple, plant-based
ingredients, today announced that its Board of Directors has
appointed Andy Ruben as Lead Independent Director, effective
September 20, 2023. Mr. Ruben joined the Company’s Board in
December 2020 and currently serves as Chair of the Environmental,
Social and Governance Committee and is a member of the Nominating
and Enterprise Risk Management Committee.
Mr. Ruben has extensive experience in consumer-focused
businesses encompassing strategy, technology, sustainability,
branding and omni-channel retail. He is Executive Chair of Trove, a
company he founded in March 2012 that provides technology,
logistics and expertise for outdoor, apparel and luxury companies
to operate brand resale programs. Prior to Trove, Mr. Ruben led a
number of transformational endeavors at Walmart, including
launching and then leading the company’s heralded sustainability
efforts. Additionally, he led Walmart’s food and consumable private
brands and oversaw global corporate and ecommerce strategy, food
and beverage sourcing and omni-channel efforts.
“We are very pleased to announce Andy’s appointment as our next
Lead Independent Director,” said Amy Taylor, President and CEO of
Zevia. “He’s an accomplished executive and proven leader with a
broad skill set that combines a founder’s mentality with deep
operational expertise in highly relevant areas. Andy’s strong
commitment to sustainability and global health is also firmly
aligned with our values.”
“It’s my privilege to serve as Lead Independent Director of
Zevia’s Board of Directors,” said Mr. Ruben. “I look forward to
partnering with Amy, the management team and the rest of the Board
to continue advancing our strategies to scale the business and
drive significant, profitable growth.”
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include, without limitation, any statement that may
predict, forecast, indicate or imply future results, performance or
achievements, and may contain words such as “anticipate,”
“believe,” “consider,” “contemplate,” “continue,” “could,’”
“estimate,” “expect,” “forecast,” “guidance,” “intend,” “may,” “on
track,” “outlook,” “plan,” “potential,” “predict,” “project,”
pursue,” “seek,” “should,” “target,” “will,” “would,” or the
negative of these words or other similar words, terms or
expressions with similar meanings. Forward-looking statements
should not be read as a guarantee of future performance or results
and will not necessarily be accurate indications of the times at,
or by, which such performance or results will be achieved.
Forward-looking statements contained in this press release relate
to, among other things, statements regarding 2023 Guidance and
anticipated growth, supply chain service levels and our efforts to
resolve supply chain logistics challenges, strategic direction,
branding, operating environment, distribution, velocity, pricing
and costs. Forward-looking statements are based on current
expectations, forecasts and assumptions that involve risks and
uncertainties, including, but not limited to, the ability to
develop and maintain our brand, our ability to successfully execute
on our rebranding strategy and cost reduction initiatives, our
ability to restore supply chain service levels on the anticipated
timeline, product demand, change in consumer preferences, pricing
factors, the impact of inflation on our sales growth and cost
structure such as increased commodity, packaging, transportation
and freight, warehouse, labor and other input costs and other
economic, competitive and governmental factors outside of our
control, such as pandemics or epidemics, and adverse global
macroeconomic conditions, including rising interest rates,
instability in financial institutions and a recessionary
environment, and geopolitical events or conflicts, that may cause
our business, strategy or actual results to differ materially from
the forward-looking statements. We do not intend and undertake no
obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
may be required by applicable law. Investors are referred to our
filings with the U.S. Securities and Exchange Commission for
additional information regarding the risks and uncertainties that
may cause actual results to differ materially from those expressed
in any forward-looking statement.
About Zevia
Zevia PBC, a Delaware public benefit corporation designated as a
“Certified B Corporation,” is focused on addressing the global
health challenges resulting from excess sugar consumption by
offering a broad portfolio of zero sugar, zero calorie, naturally
sweetened beverages. All Zevia® beverages are made with a handful
of simple, plant-based ingredients, contain no artificial
sweeteners, and are Non-GMO Project verified, gluten-free, Kosher,
vegan and zero sodium. Zevia is distributed in more than 32,000
retail locations in the U.S. and Canada through a diverse network
of major retailers in the food, drug, warehouse club, mass, natural
and ecommerce channels.
(ZEVIA-F)
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version on businesswire.com: https://www.businesswire.com/news/home/20230925432427/en/
Media Annie Thompson Edelman Smithfield 713-299-4115
Annie.Thompson@edelmansmithfield.com
Investors Reed Anderson ICR 646-277-1260
Reed.Anderson@icrinc.com
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