Ecoark Holdings, Inc. (OTCQX: EARK) is engaged as a diversified holding company. Shares of the holding company are jumping 14.78%, through afternoon trading on Friday, July 14, 2017. Over the past month, Ecoark Holdings, Inc. saw average daily volume of 28,995 shares. However, volume of 131,675 shares or dollar volume of $521,433, has already exchanged hands on Friday.
Shares of Ecoark Holdings, Inc. are rallying today, after the company announced it has named Weston Geigle as the CEO of subsidiary, Pioneer Products. Geigle has experience at well-known retailers, such as Wal-Mart Stores, Inc. (NYSE: WMT), Sam’s Club, Target, Inc. (NYSE: TGT), Bass Pro Shops, Dicks Sporting Goods, Inc. (NYSE: DKS), and more. Here is the full press release detailing of the new Pioneer Products CEO:
Ecoark Holdings, Inc. Press Release:
Pioneer Products, a subsidiary of Ecoark Holdings, Inc. (“Ecoark”) (OTCQX: EARK), today announced that Weston Geigle has joined the company as its new CEO. In this role, he will focus on growing efficiencies in Pioneer’s current business, as well as developing new business opportunities through both retail product acquisitions and strategic partnerships.
Weston has an established record of leadership and success in cultivating strong customer relationships, new business development and sustainable sales growth with major national retailers including Walmart, Sam’s Club, Target, Meijer, Dick’s Sporting Goods, Cabela’s and Bass Pro Shops, among many others. He is skilled at identifying trigger points within a business and analyzing data and trends to find business opportunities to deliver viable solutions that add value to strategic partners and retailers.
“This leadership change is another positive step for the future of Ecoark as we continue to hold our portfolio management teams accountable for delivering financial results. Weston’s experience working with a broad spectrum of brands – from private label to some of the strongest brands in their respective industries – uniquely qualifies him for the position of CEO at Pioneer Products,” said Jay Puchir, CEO of Ecoark. “He is entrepreneurial minded, customer focused, product driven and brand conscious. We are excited to have him join our team and are looking forward to him growing Pioneer’s business.”
Weston’s career has taken him around the world, giving him valuable insights into global sourcing, manufacturing, the direct import supply chain and product development. He began his career at Mahco Outdoors as an operations manager involved in the product development, sourcing and manufacturing of private label apparel and worked his way up to national account manager, where he was responsible for leading numerous national accounts, new business development and a team of sales representatives covering a broad scope of retailers. Most recently, Weston served as the national account manager for the Dallas Cowboys, where he was responsible for Walmart, Sam’s Club, Target and Meijer, among many other national retailers.
“I’m looking forward to executing on Pioneer Products’ vision of equipping and empowering entrepreneurs, companies and strategic partners to achieve their goals,” added Weston.
About Pioneer Products
As the initial acquisition in the Ecoark portfolio, Pioneer Products laid the foundation for Ecoark’s commitment to integrated technology and innovative product formulations. Pioneer Products began by creating new consumer products using plastic reclaimed from retailers’ waste streams. The company’s reclaimed 45-gallon garbage can has enjoyed years of consistent shelf placement in 3,600 Walmart stores in the continental U.S.
Building on a platform of proven retail success, Pioneer Products now leverages its solidified reputation and strategic network by acting as an account manager for other products and private labels that fit into its brand portfolio. For more information, visit http://pioneerproductsusa.com/.
About Ecoark Holdings, Inc.
Founded in 2011, Ecoark Holdings, Inc. is a diversified holding company focused on delivering long-term shareholder value. The company currently has five subsidiaries: Zest Labs, 440labs, Pioneer Products, Sable Polymer Solutions and Magnolia Solar. For more information, please visit www.ecoarkusa.com, and follow us on Twitter and LinkedIn.
Forward Looking Statement
This release contains forward-looking statements, including, without limitation, statements concerning Pioneer Products’ ability to expand its capabilities and to grow through strategic partnerships and acquisitions; Pioneer Products’ ability to grow efficiencies in its current business and develop new business opportunities through retail product acquisitions and strategic partnerships; and statements concerning business and possible or assumed future results of operations of Ecoark Holdings, Inc. and its subsidiaries. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: access to growth capital on favorable terms; adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.