Tropicana Brands Group today announced the appointment of Glen Walter as its chief executive officer (CEO), effective March 2, 2022.
Tropicana Brands Group is a joint venture between private equity firm PAI Partners and food and beverage company PepsiCo. It markets, manufactures and distributes premium juice products throughout North America and Europe. Following PAI's acquisition of Tropicana, Naked, KeVita, Izze, and other select juice brands, the joint venture was formed. PAI now owns a controlling stake in the company, thanks to the acquisition, which was completed at the end of January. The company's headquarters will remain in Chicago, US.
“We are excited to welcome Glen as CEO of Tropicana Brands Group,” said Frédéric Stévenin, a managing partner at PAI. “He is joining an already exceptional leadership team following a rigorous selection process. Tropicana Brands Group is a great addition to our portfolio, as we believe there is strong potential for innovation in the growing, fresh, natural category, and look forward to overseeing this growth alongside PepsiCo."
“I am thrilled to be leading Tropicana Brands Group at this pivotal time working alongside the existing team that has built great momentum for these storied and iconic brands. I look forward to hitting the ground running, and developing and executing our growth plans with our retail partners, customers, and suppliers “ said Walter.
Walter joins Tropicana from Mondelez International, where he was executive vice president, and president, North America during 2017-2022, delivering sustainable, profitable growth. He brings to the Company a 30-year track record of high performance, executional excellence, and growth mindset leadership across functions in the global food & beverage industry.
“We are excited to partner with PAI on this joint venture. PAI brings a consistently strong track record of value creation in the global food and beverage industry, and Glen’s background is a perfect fit for the company as it embarks on its next chapter. We are proud to provide continued support to these iconic, internationally recognized brands, and are confident that Glen will be a tremendous steward of them,” said Ramon Laguarta, chairman and CEO of PepsiCo.