Jones Soda (JSDA) CEO Meissner Resigns; Successor Named
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On June 27, 2012, Jones Soda Co. (Nasdaq: JSDA) entered into a Separation and Release Agreement with William Meissner, the Company's Chief Executive Officer. Pursuant to the Separation and Release Agreement, Mr. Meissner is resigning as the Chief Executive Officer for the Company, effective June 30, 2012. In addition, Mr. Meissner resigned as a Director of the Company, effective immediately. Mr. Meissner's resignation was not based on any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
On June 27, 2012, the Board of Directors of the Company appointed Jennifer Cue as the Company's new Chief Executive Officer, effective June 30, 2012. Ms. Cue is a current member of the Board of Directors and served as the Interim Chief Financial Officer for the Company from September 2011 to December 2011. The Company intends to enter into an Employment Agreement with Ms. Cue, subject to the recommendation of the Compensation Committee and approval by the Board.
Ms. Cue previously served as Chief Financial Officer and Corporate Secretary of the Company from 1997 to 2005 and as the Company's Chief Operating Officer from 2002 to 2005. Following her prior departure from the Company in 2005, Ms. Cue focused on strategic business consulting, private investment initiatives and financial advising. Ms. Cue also previously held the roles of Vice President, Corporate and Financial Development of the Company from 1995 to 1997, and as a member of the Board from 1995 to 2005. Prior to 1995, Ms. Cue served as Vice President Investment Research of D. Grant Macdonald Capital Corporation from 1994 to 1995, and prior to that served as Vice President, Investments at Penfund Management in Toronto, Ontario from 1990 to 1994. From 1986 to 1988, Ms. Cue worked in Commercial Banking for Lloyds Bank Canada. Ms. Cue holds an MBA from McGill University in Montreal and a Bachelor of Commerce from the University of British Columbia in Vancouver, British Columbia. Ms. Cue is also a Chartered Financial Analyst.
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On June 27, 2012, the Board of Directors of the Company appointed Jennifer Cue as the Company's new Chief Executive Officer, effective June 30, 2012. Ms. Cue is a current member of the Board of Directors and served as the Interim Chief Financial Officer for the Company from September 2011 to December 2011. The Company intends to enter into an Employment Agreement with Ms. Cue, subject to the recommendation of the Compensation Committee and approval by the Board.
Ms. Cue previously served as Chief Financial Officer and Corporate Secretary of the Company from 1997 to 2005 and as the Company's Chief Operating Officer from 2002 to 2005. Following her prior departure from the Company in 2005, Ms. Cue focused on strategic business consulting, private investment initiatives and financial advising. Ms. Cue also previously held the roles of Vice President, Corporate and Financial Development of the Company from 1995 to 1997, and as a member of the Board from 1995 to 2005. Prior to 1995, Ms. Cue served as Vice President Investment Research of D. Grant Macdonald Capital Corporation from 1994 to 1995, and prior to that served as Vice President, Investments at Penfund Management in Toronto, Ontario from 1990 to 1994. From 1986 to 1988, Ms. Cue worked in Commercial Banking for Lloyds Bank Canada. Ms. Cue holds an MBA from McGill University in Montreal and a Bachelor of Commerce from the University of British Columbia in Vancouver, British Columbia. Ms. Cue is also a Chartered Financial Analyst.
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