NewAge, Inc. announced that Ed Brennan, Chair of company's Board of Directors, has been appointed interim Chief Executive Officer, effective immediately. Mr. Brennan succeeds Brent Willis following his resignation earlier in the year 2022. Mr. Brennan has served as a member of NewAge's Board since 2017 and as Chair since January 2022.

He has also served in a number of executive positions, including Chairman and Chief Executive Officer of Duty Free Shoppers. As interim CEO, Mr. Brennan will leverage his years of experience in running a publicly traded company while working with NewAge's leaders on strategy, financial platforms and developing additional systems to streamline processes and improve efficiencies. He will retain his Chair responsibilities while the Board continues its CEO search.