US – US beverage company known for its unique carbonated soft drinks Jones Soda Co has promoted Mark Murray to the roles of president and CEO, effective immediately.
His appointment comes after Jennifer Cue stepped down as CEO in April, after eight years at the helm.
Murray will take over the reins of the beverage company that bottles and distributes soft drinks, non-carbonated beverages, energy drinks, and candy from Jamie Colbourne wh has been interim CEO since Jennifer’s exit.
Murray began working with the company as a consultant earlier this year and has served as president since 1 September 2020.
During his time with Jones Soda, the company recorded a 17% year-over-year increase in Q3 turnover after six consecutive quarters of revenue decline.
Jones Soda Co. revenue increased to $3.5 million for the third quarter ended Sept. 30, 2020 compared to $3.0 million for last year’s third quarter, according to an earnings report.
The revenue increase according to the craft beverage maker, was primarily driven by a 40% increase in sales of Jones’ core bottled soda products, partially offset by the expected decline in 7-Select revenue.
“Jones is a strong brand that has two key assets: a unique brand personality and a 25-year foothold in the growing craft soda market. I fully expect our performance to continue improving as we execute our plan to return the business to growth and profitability.”
Mark Murray – President and CEO Jones soda
To date, Murray has worked on a revised sales strategy focusing on core product offerings for Jones Soda, and a new three-year strategic plan that includes expansion into foodservice and club channels.
“Mark hit the ground running when he was hired as a consultant and has proven to be instrumental in the early days of our turnaround strategy,” said Mick Fleming, chairman of the board for Jones Soda.
Prior to joining Jones Soda, Murray served as the president of JGC Foods, a food manufacturer specialising in fresh soups, sauces and entrées.
He has also held various senior sales and marketing positions for CPG and food service brands such as Campbell’s Food Company, Harry’s Fresh Foods, and Kraft Heinz Food Service.
Considering what he has accomplished in just a few months, having Mark at the helm positions the company to achieve sustainable, profitable growth in the months and years ahead,” Fleming added.
Commenting on his appointment, Incoming CEO Murray said: “Jones is a strong brand that has two key assets: a unique brand personality and a 25-year foothold in the growing craft soda market. I fully expect our performance to continue improving as we execute our plan to return the business to growth and profitability.”
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