Benzinga | Jul 21, 2021 02:04PM EDT

Newage Appoints Kevin Manion As Finance Chief

* NewAge Inc (NASDAQ:NBEV) has appointed Kevin Manion as the new Chief Financial Officer.

* Manion will receive an annual base salary of $550,000 and will be eligible to receive an annual performance-based cash bonus. He will receive a minimum guaranteed performance bonus of no less than $440,000 for 2021.

* Before joining NewAge, Kevin was the CFO of fresh food company Calavo Growers Inc (NASDAQ:CVGW).

* Kevin has a Bachelor's of Business Administration Degree from the University of Notre Dame.

* On March 3, 2021, NewAge entered into an agreement amending the employment pact with Gregory Gould, whereby he will continue to serve as finance chief until July 2, 2021.

* Price action: NBEV shares are trading higher by 0.25% at $2.015 on the last check Wednesday.