Boo Koo Holdings, Inc. Appoints Former Cadbury Schwepps Executives to Board of Directors
RNewswire-FirstCall/ -- Boo Koo Holdings, Inc.
(OTC Bulletin Board: BOKO;
Boo Koo) announced today that it has appointed
three leading beverage industry executives to its Board of Directors. The
Company appointed
Gil Cassagne, formerly Chief Executive Officer of Cadbury
Schwepps Americas Beverages,
Jack Belsito, formerly President of Snapple
Distributors, Inc. and
Joe Bayern, formerly Chief Strategy Officer of Cadbury
Schwepps Americas Beverages, to its Board of Directors. The executives will
also assume the role of consultants for the Company, advising it on business
opportunities.
The Company also announced today that, subject to shareholder approval, it
plans to change its name to Performing Brands, Inc., reflecting its objective
to transition from an energy beverage maker to a broader-based consumer
beverage company focused on health, wellness and functional benefit beverages.
'We are excited to attract such experienced and accomplished beverage
executives to Boo Koo as we refocus and rebrand the Company,' said Steven B.
Solomon, the Company's Chairman. 'Each has played an instrumental role in
building highly successful and admired beverage companies. We look forward to
utilizing their expertise as we grow the Company.'
Mr. Cassagne has more than 30 years of experience in the consumer products
industry and over 20 years in the beverage industry with companies such as
Procter & Gamble, The Dr Pepper Company and Cadbury Schwepps Americas
Beverages. He most recently held the position of Chief Executive Officer of
Cadbury Schweppes Americas Beverages, a $5 Billion plus division of Cadbury
Schwepps where he also served as part of the executive board of the
multinational consumer products company. Mr. Cassagne has held numerous other
positions within Cadbury including the Regional President of Asia Pacific and
the President of Motts.
'My colleagues and I believe that the experience we have had in developing
other successful beverage brands will play a key role in the Company's
emergence as a leading beverage company,' said Mr. Cassagne. 'The market
opportunity is substantial and we will focus on acquiring and developing
promising brands that should allow the Company to successfully participate in
this rapidly growing industry.'
Mr. Belsito has more than 25 years of experience in the consumer products
industry and over 20 years in beverages with companies such as Procter &
Gamble, Pepsi, Snapple and Cadbury Schwepps Americas Beverages.