Source: CENTR Brands
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  • CENTR Brands (CNTR) has hired current Board member and former Carlyle Group Principal David Young as its new CFO
  • Mr. Young has more than 20 years of executive and financial leadership experience drawing on roles at Perella Weinberg Partners and Talara Capital Management
  • As CFO, David will oversee the company’s financial and accounting activities, including long-term strategic growth and investment initiatives
  • CENTR Brands develops and markets non-alcoholic functional beverages for the global market
  • CENTR Brands (CNTR) is up by 2.58 per cent and is currently trading at $1.59 per share

CENTR Brands (CNTR) has hired current Board member and former Carlyle Group Principal David Young as its new CFO.

Mr. Young has more than 20 years of executive and financial leadership experience drawing on roles in both industry and private equity. Besides The Carlyle Group, he worked for Perella Weinberg Partners and as a director of Talara Capital Management.

He is also an alumni of and guest lecturer at the University of Virginia’s McIntire School of Commerce.

As CFO, David will oversee the company’s financial and accounting activities, including long-term strategic growth and investment initiatives to support the company’s ongoing market expansion.¬†

Mr. Young’s appointment allows current President and CFO Arjan Chima to prioritize commercial and marketing opportunities, including scaling the company’s distribution and product offerings underlying its ongoing growth.

Joseph Meehan, CENTR Brands’ CEO, commented,

“Arjan and I are thrilled to have David join our executive team after spending the last year on our Board. He brings a wealth of financial and analytical experience, and will have an immediate impact on our ability to manage the exponential growth we expect in our new fiscal year and beyond.

CENTR has quickly established itself as a market leader in the global functional beverage space, as evidenced by its remarkable trajectory over the past year. I am excited to make the move from the Board to the executive team as the company continues to evolve within a dynamic and expanding marketplace.”

CENTR Brands develops and markets non-alcoholic functional beverages for the global market.

CENTR Brands (CNTR) is up by 2.58 per cent and is currently trading at $1.59 per share as of 10:29 am ET.

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