President Amy Taylor to Become CEO
Paddy Spence to Step Down as CEO and Remain
Chair of the Board
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 Amy Taylor, President, will
succeed Paddy Spence as Chief Executive Officer (CEO) as part of
the Company’s succession plan, effective August 1, 2022. Spence
will remain as Chair of the Company’s Board of Directors
(Board).
“It has been a privilege to serve as Zevia’s CEO for the past 12
years, and I am extremely proud of what we’ve accomplished,” said
Spence. “Amy and I have worked side-by-side during Zevia’s
transformation, and she has been instrumental in developing and
implementing our strategies for driving future growth and
profitability. She has been deeply involved in leading the business
across sales, marketing, human resources and operations functions,
and played a critical role in the recent appointments of Denise
Beckles as CFO and Quincy Troupe as COO. Zevia has a top-notch
leadership team to carry forward the Company’s momentum and mission
of supporting global public health with great tasting, zero sugar,
plant-based beverages.”
Spence has served as CEO and a member of the Zevia Board since
he acquired the Company in 2010. Under his leadership, Zevia has
grown rapidly, achieving a 31% net sales compound annual growth
rate from 2010 through 2021. During his tenure, Zevia expanded its
product portfolio from seven Soda flavors to a broad portfolio of
over 35 flavors across Soda, Energy drinks, Organic Tea, Mixers and
Kids drinks, all with zero sugar and simple, plant-based
ingredients. Spence also helped expand distribution from Natural
channel retailers into conventional Food, Drug and Mass
Merchandiser outlets in more than 31,000 retail outlets across the
U.S. and Canada, as well as into ecommerce.
“On behalf of the Board, I want to thank Paddy for his
leadership and dedication to the Company’s vision and mission.
Under his stewardship, Zevia successfully became a public company
and transformed into a disruptive beverage company that has
delivered significant growth,” said Philip O'Brien, Lead
Independent Director of the Board. “The upcoming transition is the
culmination of a succession planning process that the Board and
Paddy jointly developed. Amy is a gifted and experienced executive
and well prepared to take on this important role. We are confident
that her leadership skills, proven track record in scaling
profitable brands and deep beverage industry expertise make Amy the
right leader to take Zevia to new heights in its next phase of
growth.”
“I am excited and honored to serve as the next leader of Zevia
during such a transformative time for our Company with exciting
opportunities ahead, including further channel and geographic
expansion, a brand refresh, and continued strengthening of
organizational capabilities,” said Taylor. “I look forward to
continuing to work alongside Paddy, the Board and the experienced
leadership team we now have in place to further strengthen the
brand and deliver critical consumer and global health needs, to
realize our mission by scaling the business and driving profitable
growth and value creation.”
Taylor has served as Zevia’s President since June 2021 and as a
member of Zevia’s Board since March 2021. In her time as President,
Taylor has meaningfully shaped Zevia’s long-term strategy,
transformed the Company’s leadership team, expanded package and
product innovation and distribution and poised both the brand and
the organization for growth. Prior to Zevia, she served in various
roles at Red Bull North America, including as President and Chief
Marketing Officer from 2018 to 2020, Executive Vice President and
General Manager for the East Business Unit from 2012 to 2018, and
Vice President of Marketing from 2007 to 2012. During her time at
Red Bull, she led the brand’s overall strategic marketing and
positioning in the United States, and drove sales and marketing
collaborations across twelve regions to deliver record-level growth
and market share gains. Prior to joining Red Bull, Taylor worked in
sports marketing. Taylor earned her B.A. from James Madison
University and has completed the Executive Development Program at
the Wharton School of the University of Pennsylvania. Today she
also serves as Co-Chair of the Executive and Strategic Committees
on the Board of Directors for the non-profit initiative The Trevor
Project.
About Zevia
Zevia PBC, a 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. As of 2022, Zevia® beverages are distributed
in more than 31,000 retail locations in the U.S. and Canada through
a diverse network of major retailers in the food, drug, mass,
natural and ecommerce channels. For more information, please visit
www.zevia.com.
(ZEVIA-F)
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version on businesswire.com: https://www.businesswire.com/news/home/20220616005851/en/
Media Annie Samuelson Edelman 713-299-4115
Annie.Samuelson@edelman.com
Investors Reed Anderson ICR 646-277-1260
Reed.Anderson@icrinc.com
Zevia PBC (NYSE:ZVIA)
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Zevia PBC (NYSE:ZVIA)
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