NewAge announced that the NewAge Board of Directors and the Chief Executive Officer Brent Willis have agreed that Willis will resign as Chief Executive Officer, Director, and employee, effective immediately.
The Company intends to begin a search for a new Chief Executive Officer promptly. No replacement has been appointed to serve as the Company’s principal executive officer during the transition period. The Company expects that, during this period, the Company’s Board will make all principal executive officer-level determinations and Ed Brennan, the independent Chairman of the Board, will provide additional guidance and direction to the senior management team on behalf of the Board during this period.
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