Monster: Schlosberg becomes co-CEO
Monster Beverage Corporation has announced that Hilton H. Schlosberg has been elected by the Board of Directors of the Company as Co-Chief Executive Officer of the Company.
Schlosberg will serve as Co-Chief Executive Officer together with Rodney C. Sacks, who has served as the Chief Executive Officer of the Company since 1990.
Schlosberg resigned from his positions as President, Chief Financial Officer, Chief Operating Officer and Secretary of the Company. Sacks will continue as Chairman of the Board and Schlosberg will continue as Vice Chairman of the Board.
Thomas J. Kelly has been elected by the Board as Chief Financial Officer of the Company, succeeding Schlosberg.
Schlosberg has held senior leadership positions with Monster for over 30 years, including as the company’s Chief Financial Officer for over 23 years, and has served as a co-leader of the company with Sacks. Kelly has been Executive Vice President, Finance, and/or Controller and Secretary of Monster Energy Company since 1992.