Splash Beverage Group Announces Leadership Transition as Founder Steps Down

Splash Beverage Group, Inc. (NYSE American: SBEV) announced the resignation of Founder, Chief Executive Officer, and Chairman Robert Nistico from his leadership positions. Bill Caple, a board member with over two years of service, will succeed Nistico as Chairman of the Board. Caple brings extensive strategic and financial leadership experience from investment banking, corporate development, and C-suite operations, having guided significant global transactions such as the $1.8 billion acquisition of TaylorMade Golf by Korea's Centroid Investment Partners.

Caple expressed gratitude for Nistico's leadership, noting that under his direction, Splash completed a successful initial public offering in 2020 and uplisted to the NYSE in 2021. The company navigated years of growth and expansion, emerging from a challenging period positioned for broader development. The Board's focus will shift to accelerating strategic acquisitions beyond the beverage sector and driving long-term shareholder value. This transition signals a strategic pivot for the company as it seeks to diversify its portfolio and enhance market position.

Nistico will transition out of the CEO role by November 14, 2025, but will remain on the Board of Directors, collaborating on special projects within the beverage industry. He expressed pride in the foundation built by the team and confidence in Caple and the reenergized Board to guide Splash into its next chapter. William Meissner, the Company's President, will assume additional responsibilities during the transition while the board finalizes the process of appointing a new CEO. This leadership change occurs as Splash Beverage Group, which owns and operates a portfolio of alcoholic and non-alcoholic beverage brands, aims to expand through acquisition and international distribution. For more information, visit https://www.SplashBeverageGroup.com.