Jones Soda – New Jones Soda CEO
Jones Soda Co. has announced new CEO Wednesday. William R. Meissner as its president and CEO of Jones Soda has been hired to replace Joth Ricci. We know Jones Soda Co. is a beverage company based in South Lake Union, Seattle, Washington. It bottles and distributes soft drinks, non-carbonated beverages, energy drinks, and candy. Jones Soda is a carbonated soft drink that has many unusual flavors that are not offered by other soft drink makers.
Jones Soda's revenue reportedly dropped 30 percent to $4.3 million from $6.1 million. Sales at the company, which targets high end consumers with its cane-sugar-laced soft drinks, have been on the decline during the recession.
Early in the spring, Jones Soda was in talks with Reed's Inc for a buyout for which Reed's may pay $9.8 million in cash and stock. But Jones Soda later withdrew to pursue other options. The company was said to continue its search last month.
Jones Soda's revenue reportedly dropped 30 percent to $4.3 million from $6.1 million. Sales at the company, which targets high end consumers with its cane-sugar-laced soft drinks, have been on the decline during the recession.
Early in the spring, Jones Soda was in talks with Reed's Inc for a buyout for which Reed's may pay $9.8 million in cash and stock. But Jones Soda later withdrew to pursue other options. The company was said to continue its search last month.
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