Splash Beverage Group Announces Leadership Transition as Founder Robert Nistico Steps Down

Splash Beverage Group, Inc. (NYSE American: SBEV) has announced a major leadership transition with Founder, Chief Executive Officer, and Chairman Robert Nistico resigning from his executive roles. William Caple, a board member with over two years of service, has been appointed as the new Chairman of the Board, marking a significant shift in the company's leadership structure and strategic direction.

The leadership change comes at a pivotal moment for the beverage portfolio company as it positions itself for what the board describes as its "broader next phase of development." Mr. Caple brings extensive strategic and financial leadership experience to his new role, having guided global transactions including the $1.8 billion acquisition of TaylorMade Golf by Korea's Centroid Investment Partners. His background spans investment banking, corporate development, and C-suite operations, combining capital markets insight with hands-on experience in guiding growth-oriented companies through transformation periods.

Mr. Caple acknowledged Mr. Nistico's contributions, stating that under his leadership, Splash completed a successful initial public offering in 2020 and uplisted to the NYSE in 2021. The company navigated several years of growth and expansion before emerging from what was described as a "very challenging period." The new Chairman emphasized that the board's focus moving forward will be on accelerating strategic acquisitions beyond just beverage products and driving long-term shareholder value.

Mr. Nistico will transition out of the CEO role by November 14, 2025, but will continue serving as a board member and collaborate on special projects within the beverage sector. He expressed pride in what the team has built and confidence in the timing of the leadership change, stating that new leadership is needed to carry Splash forward. Additional information about the company's operations and strategy can be found at https://www.SplashBeverageGroup.com.

During this transition period, William Meissner, the Company's President, will assume additional responsibilities while the board finalizes the process of bringing on a new CEO. This leadership restructuring signals a potential strategic pivot for Splash Beverage Group as it moves beyond its traditional beverage focus toward broader acquisition opportunities and enhanced shareholder value creation.

The leadership transition represents more than just personnel changes—it reflects the company's evolution from its founding phase to a more mature corporate structure capable of pursuing larger strategic objectives. For investors and industry observers, this move indicates Splash's readiness to expand beyond its current portfolio and potentially enter new market segments through strategic acquisitions.