Jones Soda has a news CEO
April 9, 2010
News World Wide — US news world reports Jones Soda that has appointed a news CEO. Jones Soda Co. stated on Wednesday it has called cooler industry adept William R. Meissner as its new admiral and CEO, replacing Joth Ricci who has larboard the aggregation to accompany added opportunities.
The alteration comes as the soda aggregation accepted for arbitrary flavors is accident money and afterwards a accord to advertise the aggregation fell through.
Meissner was a lot of afresh admiral of the abreast captivated Talking Rain Beverage. Before that, he was the arch business administrator for Fuze Beverages, a analysis of Coca Cola North America. He joins Jones Soda able Friday.
Late endure month, Jones said appear that it absent $4.5 million, or 17 cents per share, for the three-month aeon that concluded Dec. 31. That’s steeper than the accident of $3.4 million, or 13 cents a share, the aggregation appear for the aeon a year earlier.
Its acquirement fell 30 percent to $4.3 actor from $6.1 million. Sales at the company, which makes high-end sodas with amoroso cane, accept angled during the recession as consumers seek cheaper alcohol options.
The aggregation active a letter of absorbed beforehand this bounce with exceptional soda maker Reed’s Inc., which was to buy Jones for about $9.8 actor in banknote and stock. But Jones after said it alone out of that accord to analyze added options, and it said afresh endure ages that the seek continues.
On Wednesday, admiral fabricated no acknowledgment of a buyout. But in a statement, Meissner said the alcohol maker was able for a “future of advance and profitability.”
Shares bankrupt up 2 cents at 68 cents.
Posted by Angelia Kates · Filed Under US News
