Reed's, Inc. announced that on September 29, 2019, Valentin Stalowir resigned from the offices of Chief Executive Officer and President of the company's and from his position as a director of Reed's. He will continue as employee of Reed's to assist with the transition of his duties until the earlier of the date his final separation agreement is finalized or October 31, 2019. On September 30, Stefan Freeman agreed to step down from the position of Chief Operating Officer of the company. He will continue as an employee as Reed's until a final separation agreement is finalized or he transitions to a new position.
On September 30, 2019, the board of directors of the company appointed John Bello, Chairman, as Interim Chief Executive Officer. As a result, Mr. Bello has resigned from serving on compensation, governance and operating committees of the board. The company also announced that Norman E. Snyder was appointed as Chief Operating Officer of Reed's by the board of directors.
Reedâs, Inc. owns a portfolio of handcrafted, natural beverages, which sells in over 45,000 outlets nationwide. These outlets include the natural and specialty food channel, grocery stores, mass merchants, drug stores, convenience stores, club stores, liquor stores, and on-premises locations including bars and restaurants. The Company provides craft beverages under the Reedâs, Virgilâs, and Flying Cauldron brand names. Reedâs portfolio includes ginger beers, ginger ales, ready-to-drink ginger mules and hard ginger ales. The Virgil's brand offers an array of flavored sodas, including Root Beer, Vanilla Cream, Black Cherry, Orange Cream, and more. These flavors are also available in six zero-sugar varieties. Flying Cauldron is a non-alcoholic butterscotch beer. Reedâs Craft Ginger Beer line includes varieties with a mix of bottles and cans, including Reedâs Original Ginger Beer, Reedâs Premium Ginger Beer, Reedâs Extra Ginger Beer, Reedâs Strongest Ginger Beer, and others.
REED'S, INC. 
