{"id":415311,"date":"2021-01-14T16:03:06","date_gmt":"2021-01-14T21:03:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=415311"},"modified":"2021-01-14T16:03:06","modified_gmt":"2021-01-14T21:03:06","slug":"monster-beverage-announces-co-chief-executive-officers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/monster-beverage-announces-co-chief-executive-officers\/","title":{"rendered":"Monster Beverage Announces Co-Chief Executive Officers"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <strong><br \/>\n          <em>&#8212; Rodney C. Sacks and Hilton H. Schlosberg to serve as Co-Chief Executive Officers &#8212;<\/em><br \/>\n        <\/strong><br \/>\n        <br \/>\n        <strong><br \/>\n          <em>&#8212; Thomas J. Kelly to serve as Chief Financial Officer &#8212;<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p>CORONA, Calif., Jan.  14, 2021  (GLOBE NEWSWIRE) &#8212; Monster Beverage Corporation (NASDAQ:MNST) today announced that Hilton H. Schlosberg was elected by the Board of Directors of the Company (the \u201cBoard\u201d) as Co-Chief Executive Officer of the Company. Mr. Schlosberg will serve as Co-Chief Executive Officer together with Mr. Rodney C. Sacks, who has served as the Chief Executive Officer of the Company since 1990. Simultaneously with the foregoing, Mr. Schlosberg resigned his positions as President, Chief Financial Officer, Chief Operating Officer and Secretary of the Company. Mr. Sacks will continue as Chairman of the Board and Mr. Schlosberg will continue as Vice Chairman of the Board. In addition, the Company also announced that Thomas J. Kelly was elected by the Board as Chief Financial Officer of the Company, succeeding Mr. Schlosberg.<\/p>\n<p>Mr. Schlosberg has held senior leadership positions with the Company for over 30 years, including as the Company\u2019s Chief Financial Officer for over 23 years, and has served as a co-leader of the Company with Mr. Sacks. Mr. Kelly has been Executive Vice President, Finance, and\/or Controller and Secretary of Monster Energy Company since 1992.\u00a0\u00a0 Mr. Kelly is a Certified Public Accountant (inactive) and has worked in the beverage business for over 30 years.<\/p>\n<p>Mr. Sacks, Chairman and Co-Chief Executive Officer, said, \u201cFor decades, Hilton has been my business partner in running the Company. Hilton and I have operated as co-leaders of the Company as it has grown over the years.\u201d<\/p>\n<p>Mr. Sacks and Mr. Schlosberg said jointly, \u201cWe are pleased for Tom as he steps into the position of Chief Financial Officer. Tom has extensive experience from his many years at the Company, most recently as Executive Vice President of Finance, and this is a seamless transition for the Company.\u201d<\/p>\n<p align=\"left\">\n        <strong>Monster Beverage Corporation<\/strong><br \/>\n        <br \/>Based in Corona, California, Monster Beverage Corporation is a holding company and conducts no operating business except through its consolidated subsidiaries. The Company\u2019s subsidiaries develop and market energy drinks, including Monster Energy\u00ae energy drinks, Monster Energy Ultra\u00ae energy drinks, Monster MAXX\u00ae maximum strength energy drinks, Java Monster\u00ae non-carbonated coffee + energy drinks, Espresso Monster\u00ae non-carbonated espresso + energy drinks, Monster Rehab\u00ae non-carbonated tea + energy drinks, Muscle Monster\u00ae non-carbonated energy shakes, Monster Hydro\u00ae non-carbonated refreshment + energy drinks, Monster HydroSport Super Fuel\u00ae non-carbonated advanced hydration + energy drinks, Monster Dragon Tea\u00ae non-carbonated energy teas, Reign Total Body Fuel\u00ae high performance energy drinks, Reign Inferno\u00ae thermogenic fuel high performance energy drinks, NOS\u00ae energy drinks, Full Throttle\u00ae energy drinks, Burn\u00ae energy drinks, Samurai\u00ae energy drinks, Relentless\u00ae energy drinks, Mother\u00ae energy drinks, Play\u00ae and Power Play\u00ae (stylized) energy drinks, BU\u00ae energy drinks, Nalu\u00ae energy drinks, BPM\u00ae energy drinks, Gladiator\u00ae energy drinks, Ultra Energy\u00ae energy drinks, Live+\u00ae energy drinks, Predator\u00ae energy drinks and Fury\u00ae energy drinks. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tp16eemueqB_ykPfeOHAxnPdIwJCSbU4Ntig8ObxT8azNJb5hAPArFjAvRo23ZlYR2rDEUbBXhNmZk0rkK9CnJms6e4wZE4ek57Qcv2938U=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.monsterbevcorp.com<\/a>.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:12%;width:12%;min-width:12%;vertical-align: top\">CONTACTS:<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;vertical-align: top\">\u00a0<\/td>\n<td style=\"max-width:87%;width:87%;min-width:87%;vertical-align: top\">Rodney C. Sacks<br \/>Chairman and Co-Chief Executive Officer<br \/>(951) 739-6200<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">Hilton H. Schlosberg<br \/>Vice Chairman and Co-Chief Executive Officer<br \/>(951) 739-6200<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">Roger S. Pondel \/ Judy Lin Sfetcu<br \/>PondelWilkinson Inc.<br \/>(310) 279-5980<\/td>\n<\/tr>\n<\/table>\n<p>\n        \n      <\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyNjEyMSMzOTE5Njk3IzIwMjYzMDk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/f6b5557d-0ffa-4d90-a3ec-e91c2c7ece94\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&#8212; Rodney C. Sacks and Hilton H. Schlosberg to serve as Co-Chief Executive Officers &#8212; &#8212; Thomas J. Kelly to serve as Chief Financial Officer &#8212; CORONA, Calif., Jan. 14, 2021 (GLOBE NEWSWIRE) &#8212; Monster Beverage Corporation (NASDAQ:MNST) today announced that Hilton H. Schlosberg was elected by the Board of Directors of the Company (the \u201cBoard\u201d) as Co-Chief Executive Officer of the Company. Mr. Schlosberg will serve as Co-Chief Executive Officer together with Mr. Rodney C. Sacks, who has served as the Chief Executive Officer of the Company since 1990. Simultaneously with the foregoing, Mr. Schlosberg resigned his positions as President, Chief Financial Officer, Chief Operating Officer and Secretary of the Company. Mr. Sacks will continue as Chairman of the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/monster-beverage-announces-co-chief-executive-officers\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Monster Beverage Announces Co-Chief Executive Officers&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-415311","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Monster Beverage Announces Co-Chief Executive Officers - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/monster-beverage-announces-co-chief-executive-officers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monster Beverage Announces Co-Chief Executive Officers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"&#8212; Rodney C. Sacks and Hilton H. Schlosberg to serve as Co-Chief Executive Officers &#8212; &#8212; Thomas J. Kelly to serve as Chief Financial Officer &#8212; CORONA, Calif., Jan. 14, 2021 (GLOBE NEWSWIRE) &#8212; Monster Beverage Corporation (NASDAQ:MNST) today announced that Hilton H. Schlosberg was elected by the Board of Directors of the Company (the \u201cBoard\u201d) as Co-Chief Executive Officer of the Company. Mr. Schlosberg will serve as Co-Chief Executive Officer together with Mr. Rodney C. Sacks, who has served as the Chief Executive Officer of the Company since 1990. Simultaneously with the foregoing, Mr. Schlosberg resigned his positions as President, Chief Financial Officer, Chief Operating Officer and Secretary of the Company. 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