– USA, CA – Barfresh Food Group, Inc. (OTCQB:BRFH), a developer, manufacturer, and distributor of frozen, ready-to-blend beverages, announced today the appointment of Alexander H. Ware to the Company’s Board of Directors as an independent director. The appointment of Mr. Ware brings the total number of Directors to six.
Mr. Ware brings over 30 years of experience in growth management, capital markets including M&A transactions, process improvement, and strategic planning. He is currently the Executive Chairman of MStar Holding Corp., the country’s leading provider of beer keg rental, leasing, and logistics services. MStar is a minority investment of Pohlad Companies, a significant family office based in Minneapolis, MN at which Mr. Ware previously served as a Senior Advisor and Executive Vice President. Prior to joining Pohlad Companies in 2010, Mr. Ware had over fifteen years of financial experience with PepsiCo and PepsiAmericas, where he held a number of positions of increasing responsibility, culminating in his appointment as Chief Financial Officer at PepsiAmericas, a $5 billion publicly traded company that was the world’s second largest bottler of PepsiCo products. Mr. Ware held that position from 2005 until PepsiAmericas was acquired by PepsiCo in 2010. Mr. Ware also has additional experience as a senior finance executive at Putnam Investments and management consultant with Booz Allen Hamilton.
“We are honored to bring Mr. Ware’s expansive knowledge of the beverage industry and capital markets expertise onto our board of directors. He brings extensive corporate governance, investor relations and strategic planning experience from his years as Chief Financial Officer of PepsiAmericas, a New York Stock Exchange listed company, and providing strategic and corporate development at Pohlad Companies. We look forward to benefiting from his leadership, knowledge, and experience, which will serve us very well at Barfresh as we transition to the growth phase of our business and address a growing pipeline of opportunities,” commented Riccardo Delle Coste, the Company’s Chief Executive Officer.
Mr. Ware added, “I have been extremely impressed by the accomplishments of the Barfresh team and believe that its products meet a unique and growing need in the foodservice marketplace. With the Company’s patents now established, its partnerships with PepsiCo and a dominant food distributor accelerating, and the new contract with one of the nation’s largest food service providers secured, it is an exciting time to be joining the board and to help maximize these opportunities for the benefit of shareholders.”
About Barfresh Food Group
Barfresh Food Group, Inc. (OTCQB:BRFH) is a developer, manufacturer and distributor of ready-to-blend beverages, including smoothies, shakes and frappes, primarily for restaurant chains and the foodservice industry. The company’s proprietary, U.S. patent-pending system uses portion-controlled pre-packaged beverage ingredients that deliver freshly made frozen beverages that are quick, cost efficient, better for you and without waste. PepsiCo North America Beverages, a division of PepsiCo, Inc., is the exclusive sales representative in North America within the food service channel for Barfresh’s full line of beverages. Barfresh has an exclusive distribution partnership with the leading food distributor in North America.
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