Reed’s Inc. Announces CFO Transition
04 Novembro 2019 - 8:00AM
Reed’s Inc. (Nasdaq: REED), owner of the nation’s leading portfolio
of handcrafted, all-natural beverages, today announced the
departure of Chief Financial Officer Iris Snyder, who is leaving
the Company to pursue another opportunity, and the appointment of
Joann Tinnelly as Interim Chief Financial Officer.
Iris Snyder, who has served as Reed’s Chief
Financial Officer since July 2018, is leaving the company to pursue
an opportunity with a private food company. Ms. Snyder will
continue to serve as Reed’s Chief Financial Officer until November
22, 2019 and work closely with Ms. Tinnelly to ensure a seamless
transition.
Ms. Tinnelly brings almost 30 years of finance
and accounting experience in global public and private equity
company environments. She has served as Vice President and
Corporate Controller of Reed’s Inc. since July 2018. Prior to
joining Reed’s she served at Assistant Controller of Steel Excel,
Inc. a subsidiary of Steel Partners Holdings, a global diversified
holding company. Ms. Tinnelly also served as Vice President
Financial Planning & Analysis and as Assistant Corporate
Controller at USI Insurance Services, Assistant Vice President of
Royal Bank of Scotland (RBS) Group, served in multiple financial
roles at Momentive Performance Materials and financial auditing at
PriceWaterhouseCoopers. Ms. Tinnelly holds a Master of Business
Administration in Finance and a Bachelor of Business Administration
in Public Accounting both from Pace University, and is a Certified
Public Accountant.
“We are delighted to have Joann accept this role
as we conduct a thorough search for a permanent Chief Financial
Officer,” said John Bello, Chairman and Interim CEO of Reed’s, Inc.
“Joann has been an invaluable contributor to Reed’s since joining
the Company last year and brings broad finance and accounting
experience to her new role. We are fortunate to have an
organization with deep talent as we conduct searches to further
build our executive team and expand upon our existing
organizational talent to build our world class brands.”
“I would like to thank Iris for her
service and contributions over the last year as we made the initial
transition to a streamlined sales and marketing organization. We
wish her all the best in her future opportunities,” continued Mr.
Bello.
About Reed’s, Inc.:
Established in 1989, Reed's is America's
best-selling Ginger Beer brand and has been the leader and
innovator in the ginger beer category for decades. Virgil's is
America's best-selling independent, full line of natural craft
sodas. The Reed's Inc. portfolio is sold in over 35,000 retail
doors nationwide. Reed's Ginger Beers are unique due to the
proprietary process of using fresh ginger root combined with a
Jamaican inspired recipe of natural spices and fruit juices. The
Company uses this same handcrafted approach in its award-winning
Virgil's line of great tasting, bold flavored craft sodas.
For more information about Reed’s, please visit
the Company’s website at: http://www.drinkreeds.com or call
800-99-REEDS. Follow Reed’s on Twitter, Instagram, and Facebook
@drinkreeds.
For more information about Virgil’s please visit
Virgil’s website at: http://www.virgils.com. Follow Virgil’s on
Twitter and Instagram @drinkvirgils and on Facebook
@drinkvirgilssoda.
CONTACT:
Investor RelationsScott Van Winkle, ICR(800) 997-3337 Ext 6Or
(617) 956-6736Email: ir@reedsinc.comwww.reedsinc.com
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