Belsito has more than 25 years of experience in the consumer products industry and over 20 years in beverages with companies such as Procter & Gamble, Pepsi, Snapple and Cadbury Schweppes Americas Beverages. He most recently held the position of president, Snapple Distributors Inc., for Cadbury Schweppes Americas Beverages, where he also served as part of the executive board. Prior to his current position, Belsito held positions of chief executive officer of the Snapple Beverage Group and the president of RC Cola. Belsito has extensive experience in the beverage industry holding senior positions in Franchising, Marketing, Sales, Business Development and M&A. He has led the acquisitions of both branded companies and bottling and distribution companies.

"I am excited to be taking on the additional responsibilities of chairman at a time when the company has unprecedented opportunities for growth," said Belsito. "We have a unique opportunity to build a leading consumer beverage company focused on health, wellness and functional benefit beverages."

Bayern has more than 10 years of experience in the consumer products industry and over 10 years in the consulting industry. He most recently held the position of chief strategy officer of Cadbury Schweppes Americas Beverages where he also served as part of the executive board. Prior to his current position, Bayern served as the director of Global Strategy of Cadbury Schweppes in London. Prior to joining Cadbury, he worked at Snapple Beverage Group where he held a variety of positions including senior vice president of operations, chief information officer and chief strategy officer.

"I look forward to helping build a leading consumer beverage company," added Bayern. "The opportunities in the health, wellness and functional beverage space have never been greater, and the experience that the management team has in building other brands positions it well to become a leader in this category."

"I am pleased to welcome such experienced operators to key management positions at a time when the Company is positioning itself for both organic growth and acquisitions," said Cassagne. "I have first-hand experience, from working with Jack and Joe, in developing other successful beverage brands, and I look forward to supporting them as a Director as they lead the company through its next phase of growth."

From the July 7, 2008, Prepared Foods e-Flash