Monster Beverage (MNST) CMO to Relinquish His Position, ButContinue to Work with Company

Monster Beverage (NASDAQ: MNST) disclosed that Mark J. Hall has decided to reduce his responsibilities to spend more time with family. As a result, Mr. Hall will be relinquishing his position as Chief Marketing Officer of Monster Energy Company (the “Company”) and delivered notice of his resignation from such position on April 21, 2017, effective May 1, 2017. Mr. Hall will continue to serve as an employee of the Company, focusing on ideation, design and development of new products. Mr. Hall will also continue to serve as a director of Monster Beverage Corporation.

Commenting on the news, Stifel Mark Astrachan analyst said, "We view the announcement as unsurprising and believe it is unlikely to have a material impact on day-to-day operations of the business."

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