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Celsius Appoints New Chief Financial Officer

Posted: April 18, 2022 in Suppliers

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BOCA RATON, FL – Celsius Holdings, Inc., (Nasdaq: CELH), maker of the leading global fitness drink, CELSIUS, announces that Chief Financial Officer Edwin Negron Carballo has decided to retire from the company. He joined Celsius as CFO in 2018 and has played a significant role in the design and execution of the company’s strategy.

“Edwin’s strategic contributions and financial stewardship have positioned the company well for years to come,” said John Fieldly, President, Chairman and CEO of Celsius. “We thank Edwin for his commitment to our shareholders and his lasting positive impact on our business.”

Jarrod Langhans has joined the company as Chief Financial Officer (CFO), effective April 18, 2022. Jarrod joins Celsius with broad experience, most recently with Primo Water, serving as CFO of the European and Israel operating segments. Mr. Langhans brings an extensive and diversified financial and leadership background across areas such as financial reporting including SEC, GAAP and IFRS, financial planning and analysis (FPA), mergers and acquisitions (M&A), investor relations (IR), debt and equity issuances, as well as strategic and business analysis and transformation.

Jarrod will succeed Edwin Negron Carballo, who will continue to serve Celsius in an executive capacity to ensure a smooth transition until he begins his retirement on January 31, 2023.

“Our entire team and board of directors are thrilled to welcome Jarrod to Celsius and look forward to benefiting from his leadership and financial expertise as we continue to execute on our growth initiatives, scale our operations and pursue our path to a leadership position in the energy category,” said John Fieldly, President, Chairman and CEO of Celsius. “I’m looking forward to his leadership and partnership in driving our long-term growth ambitions and delivering meaningful shareholder value.”

Jarrod comes to Celsius with over 20 years of management and financial experience, beginning his career in public accounting with Cherry Bekaert, a leading accounting and consulting firm in the U.S. where he provided both auditing and tax compliance and consulting services. Following Cherry Bekaert, he then moved to CBIZ MHM, focusing on auditing, Sox 404, forensic and other consulting engagements with a concentration on public (SEC) companies. With strong competencies in leadership, management, SEC GAAP and IFRS reporting, Jarrod joined Primo Water Corporation, where he spent approximately 10 years across multiple departments and geographies, including external and internal financial reporting, financial planning and analysis, investor relations, mergers and acquisitions, strategy and transformation with his last role as the CFO of the Rest of World Operating Segment covering 19 countries across Europe as well as Israel.

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