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According to the US Securities and Exchange Commission on Monday, the monster drink co -CEO co -CEO co -CEO Rodney Sacks withdrew from the company in June and used Hilton Schlosberg to Hilton Schlosberg It will be left as a single chief executive of a beverage company.
SACKS and SCHLOSBERG are considered co -founders of MONSTER, who have shifted from soda and juice providers to Energy DRINK power.
SACKS will continue to work as president if it is re -elected by the end of 2026. Schlosberg will be the only CEO from June 13th.
According to the report, the start of a 75 -year -old sack is part of the planned retirement.
Sacks’ decision comes in the difficulties of the company as Keurig DR Pepper faces the growth and competition of energy drink brands such as Celsius and Ghost, which Keurig DR Pepper purchased over $ 1 billion.
MONSTER ‘S Alcohol Venture, which was released in 2023, urged the business to cause $ 130 million in the business in February.
As energy drinks are prominent, Monster’s entire portfolio continues to increase. According to the import report, the company recorded $ 1.8 billion in sales in recent quarters and increased 4.7% year -on -year.
SACKS is the latest CEO who has announced its departure from food and drink spaces for the last few months. Nestlé and Unilever, CAMPBELL’s companies, are one of the companies that announced CEO Change.
