The Jones Soda company Wednesday that he had fired a veteran drinks and William R.. Meissner has a new president and CEO, to replace Joth Ritchie, who left the company in the search for other opportunities.
Move comes a company known as soda flavors and quirky lose money after reaching a deal to sell the company fell through.
Meissner was the last president of his privately held beverage rain. Previously, he was President of Marketing
Jones Soda
Officer for drinks smelter, a division of Coca-Cola North America. He joins Jones Soda effective Friday.
Late last month, said Jones has announced that it lost 4.5 million, or 17 cents per share, for a period of three months that ended Dec. 31. This is a sharp loss of 3.4 million, or 13 cents a share, the company said in the period from the previous year.
Income has dropped more than 30 percent to 4.3 million from 6.1 million dollars. Sales were down in the company, which makes canned food with high sugar cane, and during the recession as consumers seek cheaper options to drink.
The company signed a letter of intent earlier this spring with the premium soda maker Reed, which is to buy Jones about 9.8 million dollars in cash and stock. But Jones said later he came out of this deal to explore other options, and said again last month that the search continues.
On Wednesday, executives made no mention of the acquisition. But in a statement, said Meissner drink maker is prepared for the future "of growth and profitability." Applying a newspaper report
Jones Soda
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