There's nothing like taking a quote out of context in order to frame Mr. Kahn's departure in a negative light. You also failed to provide a link so investors could read the entire story.
Matt Kahn Leaves CELSIUS
CELSIUS EVP of marketing Matt Kahn confirmed this week that he has left the energy drink company, less than a year after joining in October 2018.
Kahn, a beverage industry veteran with more than 20 years of marketing experience, told BevNET that family issues led him to take an extended personal leave in July. Unable to stay in Florida where CELSIUS is headquartered, CEO John Fieldly moved to replace Kahn by appointing brand director Kyle Watson as VP of marketing.
“I’m proud of the foundation that I laid with the department,” Kahn told BevNET. “It was a privilege to be a part of the executive leadership team. I believe that under John Fieldly’s leadership CELSIUS is poised for continued long term growth. It’s a great brand with a lot of momentum.”
Watson, who was hired by Kahn in June, took the VP position this month.
“Matt Kahn had personal issues that needed to be dealt with and we wish him best as we are leveraging the foundation he laid,” Fieldly said in a statement.
Kahn said his family is “now on the other end” of the crisis and he is now beginning to explore new career opportunities.
“I’ve had most of my career in the beverage business and I love the fast-paced nature of it, the competitiveness of it and I love the fact that it’s a series of products that consumers have to drink every day versus just a luxury,” he said. “If the right opportunity presents itself in beverage that would be great, and if the right opportunity presents itself outside of beverage that would be great as well.”
Matt Kahn didn’t make many moves and we are encouraged by his departure. Time to find someone with more international experience.
Mgmt announced this before ER. Why not during? Because the news isn’t worth it.
We will continue buying under 3.5 before ER.
Disruptors tend to get bought out by the big “dogs.” Mgmt needs to continue to focus on revenue within the range of marginal profit. It’s a no brainer for those who know the industry.
And shorts almost always lose, eventually. Amazing how the negativity comes out from shorts only when the stock action is improving.
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