Exhibit 99.1
Zevia Announces Leadership Transitions with Appointments
of New Chief Financial Officer and Chief Operating Officer
Denise Beckles Appointed Chief Financial Officer
Quincy Troupe Appointed Chief Operating Officer
LOS ANGELES, Calif., April 25, 2022 – Zevia PBC (“Zevia” or “the Company”) (NYSE: ZVIA), the company disrupting the liquid refreshment beverage industry with great tasting, zero sugar beverages made with simple, plant-based ingredients, today announced the appointments of Denise Beckles as Chief Financial Officer and Quincy Troupe as Chief Operating Officer, effective May 3, 2022, and June 13, 2022, respectively. Beckles brings over 25 years of finance leadership experience and will oversee the Company’s Finance organization, playing a key role in executing Zevia’s strategy to drive profitable growth and enhance shareholder value. Troupe is a 25-year veteran of the consumer-packaged goods industry and has served on Zevia’s Board of Directors since June 2021. Troupe will transition from the Board to assume the role of Chief Operating Officer, in which he will lead product innovation and information technology, and drive supply chain optimization to support growth and profitability initiatives.
“We are thrilled to welcome Denise and Quincy to Zevia’s management team, as their respective skillsets comprise deep beverage and consumer industry expertise across strategic, financial and operational functions,” said Paddy Spence, Chair and Chief Executive Officer of Zevia. “As we continue transforming the organization, their leadership will be critical to scaling our business, driving growth, profitability and value creation.”
“I am excited to join Zevia’s impressive management team as the company continues to execute its long-term growth plan. I look forward to helping the team deliver growth and accelerate profitability, while meeting increasing consumer demand for a product that tastes great with zero sugar. I am proud to contribute to a company where improving people’s lives and the environment is at the forefront of every business decision,” said Beckles.
“It has been an immense privilege to serve on Zevia’s board over the last year, and I look forward to joining the management team. I am proud to be part of a company that not only has a clear vision for growth, but also is driven by a mission to support the health of individuals and communities,” said Troupe.
Current Chief Financial Officer, Bill Beech, will step down from his role as CFO effective May 3, 2022, and from his employment, effective May 6, 2022. Current Chief Operating Officer, Hank Margolis, will step down from his role as COO effective June 13, 2022, and retire, effective June 24, 2022.
“With these appointments, we look forward to continuing to advance our mission to support the health of individuals and the communities we serve with our affordable, zero sugar beverages made with simple, plant-based ingredients,” Spence concluded. “On behalf of the Board, management team and everyone at Zevia, I want to thank Bill and Hank for their leadership and significant contributions, especially during our transition to becoming a public company.”