Kevin Manion joins NewAge as CFO
DENVER, July 21, 2021 (GLOBE NEWSWIRE) – NewAge, Inc. (Nasdaq: NBEV), Colorado-based organic and healthy products company D2C (Direct to Consumer) today announced that Kevin Manion has joined NewAge, Inc. as the new CFO.
Brent Willis, President and CEO of NewAge, said, “We are delighted that someone with Kevin’s background and experience is joining our cause at NewAge. As we have evolved, we have continued to strengthen the leadership team and our organizational capabilities, and Kevin embodies that evolution perfectly. Kevin will be an incredible addition to our global operations as we take NewAge to the next level. “
Kevin started his career at Arthur Andersen and spent five years in the audit, tax and advisory group focusing on private and venture capital funded companies. He then spent the next five years at Kraft Heinz as Controller of one of their divisions, then at Nestlé USA as CFO of the Pet Food, Ice Cream and Water businesses. After Nestlé he worked for many privately funded companies resulting in many very successful exits, then became CFO and General Counsel of Bolthouse Farms, which he then sold to Campbells for 1.55. billion dollars. Following his successful sale, he became chief financial officer and operations manager of Young’s Market Company, a $ 3 billion beverage distribution company, and has also held several board positions at consumer goods companies. before joining Calavo Growers (CVGW), a $ 1.3 billion fresh produce company as CFO where he was most recently before joining NewAge.
Kevin attended the University of Notre Dame and graduated with a Bachelor of Business Administration. In his new role, he will lead all aspects of corporate finance, financial planning and analysis, budgeting and corporate reporting, in addition to tax, treasury, risk management and investor relations. He is a CPA (inactive), Certified Director of Production and Inventory Control (CPIM), Certified Treasury Professional, Certified in Investor Relations by NIRI, and a member of the Board of Directors of the National Association of Corporate Directors .
“I am very happy to join NewAge at this important inflection point in the business,” commented Kevin Manion. “NewAge’s healthy products directly offer the consumer the opportunity to be a leading and disruptive role model compared to traditional leaders in the consumer goods industry. This is an undervalued company and I look forward to partnering with Brent to realize the full potential of the company and thereby generate meaningful shareholder value creation. “
About NewAge, Inc.
NewAge is a purpose-built company dedicated to inspiring the planet to live healthy ™. Colorado-based NewAge markets a portfolio of organic and healthy products worldwide primarily through a direct-to-consumer (D2C) distribution system to market in more than 75 countries. The company is present in three major platform categories including health and wellness, indoor and outdoor beauty, nutritional performance and weight management, leading a network of over 400,000 exclusive independent brand partners in the world.
The company operates the websites NewAge.com, NoniNewAge.com, ARIIX.com, MaVie.com, TheLIMUCompany.com and Zennoa.com.
Safe Harbor Disclosure
This press release contains forward-looking statements that are made under the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. , as amended. Forward-looking statements are any statement reflecting management’s expectations regarding future operating results, economic performance and financial condition. Forward-looking statements are based on the assumption that operating performance and results will continue to be in line with historical results. Management believes these assumptions to be reasonable, but there can be no assurance that they will prove to be correct. Forward-looking statements, especially those regarding future performance, are subject to certain risks and uncertainties, and actual results may differ materially. NewAge competes in a rapidly growing and transforming industry, and risk factors, including those disclosed in documents filed by the Company with the Securities and Exchange Commission, could affect the operations of the Company. Unless required by applicable law, the Company assumes no obligation to update or revise forward-looking statements.
For investor inquiries regarding New Age please contact:
NewAge Investors and Public Relations:
Director, Public Relations and Investors
Phone. : 1-801-573-4818
NewAge Investor Relations
Financial Marketing BPC
800 816 7361