Tropicana Brands Group (“TBG” or “the Company”), a leader in fresh and chilled beverages, has announced the appointment of Paul Chibe as Chief Executive Officer, effective today. Glen Walter will remain with the Company in an advisory role through the end of the year.

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Paul Chibe, CEO, Tropicana Brands Group

Frédéric Stévenin, Co-Managing Partner, PAI Partners and Chairman of the Board, TBG, commented: “We are excited to welcome Paul as TBG’s new CEO and look forward to working with him to build the company’s next chapter of growth and value creation. Paul’s experience driving growth through innovation, adapting to a dynamic consumer landscape and integrating complex operating environments will be impactful at TBG. We want to thank Glen for his leadership during TBG’s transition as a standalone company.”

Mr. Chibe brings more than 25 years of consumer goods and beverage industry leadership experience to TBG. He most recently served as CEO of Pabst Brewing Company, one of North America’s largest privately held brewing companies. Previously, he was President and CEO of Ferrero North America, U.S. Chief Marketing Officer at Anheuser-Busch InBev, and held senior leadership positions at Wrigley.

“Joining TBG is an incredible opportunity to lead a portfolio of some of the most beloved brands in the beverage industry,” said Mr. Chibe. “It’s that brand equity coupled with a commitment to quality, and talented team that provide a strong foundation for growth. I look forward to working together to accelerate innovation and capture new opportunities across the evolving beverage landscape.”

Throughout his career, Mr. Chibe has demonstrated exceptional ability to strengthen brand portfolios, accelerate business performance, and build high-performing teams. His achievements include launching successful innovations at Anheuser-Busch InBev, expanding Ferrero’s North American presence, and driving significant growth at Pabst.

About Tropicana Brands Group

Tropicana Brands Group™ brings together an exciting, global portfolio of some of the world’s most iconic juice brands, including Tropicana^®, Naked^®, KeVita^®, IZZE^®, Dole^®, and Copella^®. Established in 2022 as a joint venture between PAI Partners and PepsiCo, the company aims to promote new growth for its business, opportunities for its people, and to accelerate a vision to be the undisputed global leader in fresh and chilled beverages. With a global footprint of more than 2,000 associates that spans North America, Europe and select international markets such as Japan, we are proud of our industry-leading capabilities in areas that include innovation, R&D, manufacturing, distribution, sales, marketing, and nutrition expertise. For more, please visit www.tropicanabrandsgroup.com

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