Florence Neubauer appointed Interim CFO; Denise
Beckles to depart
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 Florence Neubauer, Zevia’s
current Senior Vice President, Financial Planning & Analysis,
has been appointed Interim Chief Financial Officer, replacing
Denise D. Beckles, who will be leaving the Company effective
September 4, 2023, to pursue another opportunity. The Company has
launched a formal search process to identify a permanent
replacement.
Neubauer has over 25 years of finance and accounting experience
in the consumer products industry including extensive experience in
beverage. Prior to joining Zevia, she served as Chief Financial
Officer of Assouline Publishing, a book publisher and luxury
lifestyle company, and held progressive roles of responsibility at
PepsiCo, Pernod Ricard and Honeywell. Neubauer holds a French MBA
in International Business from ISG Insitut Superieur de Gestion.
She will report to Amy Taylor, Zevia’s President and CEO, until a
permanent successor is named.
“Zevia has a deep pool of finance and accounting talent,” said
Taylor. “We are confident that under Florence’s leadership, working
in close partnership with the rest of the team including Hany
Mikhail, our Chief Accounting Officer, we will continue to
strengthen our business, drive growth and accelerate our path to
profitability, capitalizing on the increasing demand for the Zevia
brand. We wish Denise well in her future endeavors.”
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/20230814797649/en/
Media Annie Thompson Edelman Smithfield 713-299-4115
Annie.Thompson@edelmansmithfield.com
Investors Reed Anderson ICR 646-277-1260
Reed.Anderson@icrinc.com
Zevia PBC (NYSE:ZVIA)
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