Kathy Cole has been named COO of Bang Energy, an energy drink outfit based in the US. Cole’s appointment follows the company’s parent company, Vital Pharmaceuticals (VPX), filing for Chapter 11 protection. In a statement, Jack Owoc, founder and CEO of Bang Energy, laid out his expectations for Cole as COO.
Jack Owoc
Jack Owoc is an American Business Executive and the CEO of Bang Energy. He has a proven track record working in the consumer goods industry and has also written several books on nutrition and health. He also has appeared on a number of talk shows and campaigns. His net worth is at least $1 million, although it is unclear how much he makes every year.
Before founding Bang Energy, Jack Owoc was a high school science teacher who taught six different science disciplines and English. He also spent almost a decade with the Internal Suspension Program, which specialized in training programs and whole food eating strategies. During his time with the program, he learned about supplement industry malpractices.
Kathy Cole
Kathy Cole is the new Chief Operating Officer at Bang Energy. She comes to the energy drink company from Harvest Sherwood Food Distributors, where she most recently served as COO and president. Prior to that, she held senior leadership positions with PepsiCo and The Coca-Cola Company. Cole is also a member of the Network of Executive Women and serves as a mentor for Leadership Investment for Tomorrow. She is also an executive sponsor for the company’s Diversity and Inclusion Council.
Previously, Cole worked in sales and distribution at PepsiCo, where she was the CEO and president of the Frito-Lay division. She also spent time in finance, sales and logistics for Coca-Cola Enterprises, which is a producer and marketer. In addition, she was president and COO of Harvest Sherwood Food Distributors, one of the largest independent food distributors in the U.S.
Ex-PepsiCo executive
An Ex-PepsiCo executive is at the helm of a company that has gotten a lot of press recently. The company, Bang Energy, is in the process of developing a new energy drink. The company was acquired by Celsius Holdings, which is part of the PepsiCo parent company. Prior to this, the former PepsiCo executive worked for Frito-Lay for more than a decade and was its COO until 2020.
In March 2020, Bang signed a distribution agreement with PepsiCo. The deal ended after a year and the companies engaged in a bitter legal battle. The lawsuits blamed PepsiCo for Bang’s decline in market share. In the meantime, Monster Energy, a competitor of Bang Energy, successfully sued the company for $293 million in trade secrets and unsecured debt. Now, Bang owes $400 million to PepsiCo and Monster Energy.
Vision
Jack Owoc, the CEO of Bang Energy, is a highly experienced business executive. Originally from the United States, he has a background in business and education. His experience includes working in the consumer products industry and teaching science to high school students. He also has experience in operations management and business planning. He is also skilled in negotiating. He and his wife have four children, including a son, who will turn seven on August 2, 2021.
As the CEO of Bang Energy, Jack Owoc is determined to make the supplement industry more transparent and provide science-backed products with purity. This ambitious goal stems from his background as a high-school science teacher. After leaving teaching, he went freelance and began to become aware of the supplement industry. This has led him to turn his passion for science into a career.
Market share
PepsiCo and Bang Energy have recently entered a partnership that looked like it would create a winning formula. The two companies are currently working on a direct distribution network, which is covering 95 percent of the US market. However, the deal isn’t without controversy. The Bang CEO has publicly criticized the PepsiCo acquisition, and the deal between the two companies has not been successful. Meanwhile, the parent company of Bang filed for bankruptcy.
In the meantime, Bang Energy is returning to a pre-Pepsi distribution model, which means it won’t have the same momentum in the market, such as its exclusivity on truck stops. Moreover, the company is being led by a controversial founder. The polarizing Jack Owac has become a caricature since the company gained market attention.