Stryve Foods, Inc. (“Stryve” or “the Company”) (NASDAQ: SNAX), a
pioneer in creating healthy and convenient protein snacks,
announces today that the Board of Directors elected Kevin Vivian as
the new Chairman of the Board, effective immediately.
Chris Boever, CEO commented, “I would like to thank Ted Casey
for his leadership and strategic contributions in his role as
Chairman and as one of the founders of the business. He has made an
incredible impact in helping the company build its manufacturing
capabilities and expertise so that we could develop our fantastic
portfolio of brands. Our products uniquely deliver on the growing
consumer trends in snacking of protein, convenience, and the
reduction of sugars and preservatives. That’s all made possible
through our innovative, one-of-a-kind, manufacturing capabilities
that were an outgrowth of Ted’s strategic vision in the early years
of Stryve.”
Kevin Vivian, who brings an extensive background in consumer
goods and a wealth of industry experience, has been elected to
serve as the new Chairman of the Board of Stryve. Mr. Vivian's
strategic capabilities and expertise in driving growth in CPG make
him an ideal choice to lead the Board as the Company continues its
journey toward profitability. Mr. Vivian worked for PepsiCo for 32
years serving the last six years as SVP National Account Sales and
VP/GM of Frito-Lay’s $4 billion immediate consumption business. In
this role he expanded Frito-Lay’s business through innovation,
expanded distribution, and marketing as well as growing sales and
market share through innovative marketing and sales programs. Mr.
Vivian has deep experience working in close collaboration with top
retail executive teams in developing partnerships, strategies, and
innovation to enhance sales and market share growth.
Boever continued, “We are emerging from the first two phases of
our transformation, in which we focused on food quality, brand
renovation, maximizing value through productivity, portfolio
simplification, enhanced unit economics, and ultimately creating a
lean operating culture ready to drive quality growth. Our next
phase is centered around reaching profitability through quality
growth. Kevin Vivian is the ideal choice to serve as the Company’s
chairman as we execute on the final phase of our transformation and
delivering that growth promise.”
Ted Casey has been a pivotal figure at Stryve Foods, offering
his guidance and leadership over the years. Under his stewardship,
Stryve Foods has navigated significant milestones, laying a strong
foundation for the company's future. The Board of Directors and the
entire Stryve Foods team express their deep gratitude to Mr. Casey
for his dedication and service.
"I am honored to have served as Chairman and am proud of what we
have accomplished together," said Mr. Casey. "I am confident that
Kevin Vivian will provide the leadership needed to guide Stryve
Foods through its next phase of growth and success."
Mr. Vivian added, "I am excited to step into the role of
Chairman at such a dynamic time for Stryve Foods. The company has
made tremendous progress in its transformation and is now poised
for growth. As we continue to take steps towards delivering
profitability, I look forward to working with the Board and
management team to continue building on our momentum, achieving our
strategic goals, and ultimately creating value for our
shareholders."
Mr. Boever concluded, “We appreciate Ted’s contributions and
look forward to Kevin’s ongoing support as we press forward with
our growth agenda. I have never been more confident that we have
the talent, experience, demand strategies, and strategic alignment
in place to deliver the quality growth necessary to accelerate our
path to profitability.”
Stryve Foods remains committed to delivering high-quality,
healthy snacking options and driving shareholder value. The company
looks forward to this new chapter under Mr. Vivian's
leadership.
About Stryve Foods, Inc.Stryve is a premium
air-dried meat snack company that is conquering the intersection of
high protein, great taste, and health under the brands of
Braaitime, Kalahari, Stryve, and Vacadillos. Stryve sells highly
differentiated healthy snacking and food products in order to
disrupt traditional snacking and CPG categories. Stryve’s mission
is “to help Americans eat better and live happier, better lives.”
Stryve offers convenient products that are lower in sugar and
carbohydrates and higher in protein than other snacks and foods.
Stryve’s current product portfolio consists primarily of air-dried
meat snack products marketed under the Stryve®, Kalahari®,
Braaitime®, and Vacadillos® brand names. Unlike beef jerky,
Stryve’s all-natural air-dried meat snack products are made of beef
and spices, are never cooked, contain zero grams of sugar*, and are
free of monosodium glutamate (MSG), gluten, nitrates, nitrites, and
preservatives. As a result, Stryve’s products are Keto and Paleo
diet friendly. Further, based on protein density and sugar content,
Stryve believes that its air-dried meat snack products are some of
the healthiest shelf-stable snacks available today. Stryve also
markets and sells human-grade pet treats under the brand Two Tails,
made with simple, all-natural ingredients and 100% real beef with
no fillers, preservatives, or by-products.
Stryve distributes its products in major retail
channels, primarily in North America, including grocery,
convenience store, mass merchants, and other retail outlets, as
well as directly to consumers through its ecommerce websites and
through the Amazon and Walmart platforms. For more information
about Stryve Foods, Inc., visit www.ir.stryve.com.
* All Stryve Biltong and Vacadillos products
contain zero grams of added sugar, with the exception of the
Chipotle Honey flavor of Vacadillos, which contains one gram of
sugar per serving.
Cautionary Note Regarding
Forward-Looking StatementsCertain statements made herein
are “forward-looking statements” within the meaning of the “safe
harbor” provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements may be identified by the use of
words such as “anticipate”, “may”, “will”, “would”, “could”,
“intend”, “aim”, “believe”, “anticipate”, “continue”, “target”,
“milestone”, “expect”, “estimate”, “plan”, “outlook”, “objective”,
“guidance” and “project” and other similar expressions that predict
or indicate future events or trends or that are not statements of
historical matters, including, but not limited to, statements
regarding Stryve’s plans, strategies, objectives, targets and
expected financial performance. These forward-looking statements
reflect Stryve’s current views and analysis of information
currently available. This information is, where applicable, based
on estimates, assumptions and analysis that Stryve believes, as of
the date hereof, provide a reasonable basis for the information and
statements contained herein. These forward-looking statements
involve various known and unknown risks, uncertainties and other
factors, many of which are outside the control of Stryve and its
officers, employees, agents and associates. These risks,
uncertainties, assumptions and other important factors, which could
cause actual results to differ materially from those described in
these forward-looking statements, include: (i) the inability to
achieve profitability due to commodity prices, inflation, supply
chain interruption, transportation costs and/or labor shortages;
(ii) the ability to recognize the anticipated benefits of the
Business Combination or meet financial and strategic goals, which
may be affected by, among other things, competition, supply chain
interruptions, the ability to pursue a growth strategy and manage
growth profitability, maintain relationships with customers,
suppliers and retailers and retain its management and key
employees; (iii) the risk that retailers will choose to limit or
decrease the number of retail locations in which Stryve’s products
are carried or will choose not to carry or not to continue to carry
Stryve’s products; (iv) the possibility that Stryve may be
adversely affected by other economic, business, and/or competitive
factors; (v) the effect of the COVID-19 pandemic on Stryve; (vi)
the possibility that Stryve may not achieve its financial outlook;
(vii) risks around the Company’s ability to continue as a going
concern and (viii) other risks and uncertainties described in the
Company’s public filings with the SEC. Actual results, performance
or achievements may differ materially, and potentially adversely,
from any projections and forward-looking statements and the
assumptions on which those projections and forward-looking
statements are based.
Investor Relations Contact:Investor
Relationsir@stryve.com
Stryve Foods (NASDAQ:SNAX)
Historical Stock Chart
From Sep 2024 to Oct 2024
Stryve Foods (NASDAQ:SNAX)
Historical Stock Chart
From Oct 2023 to Oct 2024