Splash Beverage Group Announces Leadership Transition with Founder Robert Nistico Stepping Down

Splash Beverage Group, Inc. (NYSE American: SBEV), a portfolio company of emerging beverage brands, announced the resignation of Founder, Chief Executive Officer, and Chairman Robert Nistico from his leadership positions. William (Bill) Caple, who has served on Splash's Board of Directors for over two years, will succeed Mr. Nistico as Chairman of the Board. This leadership transition marks a significant moment for the company as it positions itself for broader strategic development.

Mr. Caple brings extensive strategic and financial leadership experience to his new role, with decades of background spanning investment banking, corporate development, and C-suite operations. His credentials include guiding global transactions such as the $1.8 billion acquisition of TaylorMade Golf by Korea's Centroid Investment Partners. This combination of deep capital-markets insight and hands-on operational experience positions him well to lead Splash through its next phase of growth and transformation.

In his statement, Mr. Caple acknowledged Mr. Nistico's contributions, noting that under his leadership, Splash completed a successful initial public offering in 2020 and uplisted to the NYSE in 2021. The company navigated several dynamic years of growth and expansion during Mr. Nistico's tenure. According to Mr. Caple, Splash has emerged from a challenging period well positioned for its broader next phase of development. The Board's focus moving forward will be on accelerating strategic acquisitions beyond just beverage and driving long-term shareholder value.

Mr. Nistico will transition out of the CEO role by November 14, 2025, but will continue to serve as a member of the Board of Directors, collaborating on special projects within the beverage sector. He expressed pride in what the team has built and the foundation they've laid, stating that the timing is right for new leadership to carry Splash forward. Mr. Nistico expressed full confidence in Mr. Caple and the reenergized Board as they guide the company into its next chapter.

William Meissner, as the Company's President, will be taking on additional responsibilities during the transition period while the board finalizes its process of bringing on a new CEO. This leadership change comes at a critical juncture for Splash Beverage Group as it seeks to expand its strategic direction beyond traditional beverage acquisitions. For more information about the company's operations and brand portfolio, visit https://www.SplashBeverageGroup.com.

The implications of this leadership transition extend beyond internal corporate changes, potentially signaling a strategic shift in the company's acquisition strategy and market positioning. Investors and industry observers will be watching closely to see how the new leadership navigates the company's expansion beyond beverage acquisitions and whether this signals a broader trend of beverage companies diversifying their portfolios. The appointment of someone with Mr. Caple's financial and transactional expertise suggests a heightened focus on strategic mergers and acquisitions as a primary growth driver for the company moving forward.