Business
Celsius Holdings, Inc. Announces New Board Members in Conjunction With Board Succession and Refreshment Policy
John Fieldly, CEO, Named Chairman of the Board Hal Kravitz, Named Independent Lead Director BOCA RATON, Fla., Aug. 20, 2021 /PRNewswire/ -- Celsius Holdings,
About this update from Celsius Holdings, Inc.
[{"type":"text","content":"John Fieldly, CEO, Named Chairman of the Board Hal Kravitz, Named Independent Lead Director\n\n\nBOCA RATON, Fla., Aug. 20, 2021 /PRNewswire/ -- Celsius Holdings, Inc., (Nasdaq: CELH) (the \"Company\"), maker of the leading global fitness drink, CELSIUS®, announced today that directors William Milmoe, Tom Lynch and Kevin Harrington stepped down from the Company's Board of Directors (the \"Board\") upon the scheduled expiration of their terms at the Company's Annual Meeting of Stockholders, held on August 19, 2021 (the \"Annual Meeting\"). The Company has added three new board of directors and named John Fieldly, CEO, as Chairman of the Board. The changes emanated from the Nominating Committee and Board adoption of a Succession and Refreshment Policy, to ensure Celsius is among corporate governance leaders.\n\n \n \n \n \n \n \n\n \nJohn Fieldly, President, Chairman and CEO commented, \"I first want to thank the tremendous service our three exiting board members brought to Celsius as they were all integral in our journey from trading on the OTC market to now topping over $5 billion in market capitalization. They have helped position the company for continued acceleration in both sales and market share gains, where we believe the opportunity for scale is just beginning. I'm also excited to welcome the new board members to our team. Their collective extraordinary backgrounds, diverse viewpoints, and expertise will complement and further enhance the skills and perspectives represented on our Board\".\nNew Board Member Bios:\nDamon DeSantis, Board Member- Damon currently serves as a board member of MacPherson's, the largest employee-owned distributor of creative materials and art supplies in North America. His corporate business interests continue with ownership, direct investment, and board membership in a variety of private businesses in the hospitality, financial services, automotive, spirits and cannabis industries. Previously, Damon served as Chief Executive Officer of Rexall Sundown Nutritional Company, a former Nasdaq 100 company until 2001 as well as a board member of the company. Rexall Sundown was in the business of developing, manufacturing, packaging, marketing, and distributing nutritional products of over 2800 SKUs to wholesalers, distributors, retailers in the US and worldwide.\nDamon is the son of Carl DeSantis, one o...