Monday, May 20, 2024

NuZee appoints Randell Weaver as President and COO

RICHARDSON, Texas, USA – NuZee, Inc, a leading coffee co-packing and technology company, today announced Randell Weaver has been appointed to serve as the company’s President and Chief Operating Officer, effective immediately.

As President & COO, Weaver will have responsibility for all U.S. operations. Weaver joined the company in August 2023 as Chief Financial Officer and will also continue to serve in that role.

“I am pleased with the progress made since Randell joined in August and am confident the internal initiatives he is leading will translate into improved operating metrics in the quarters ahead,” said Masa Higashida, Chairman and CEO. “Randell’s expanded role in day-to-day U.S. operations will also allow me to focus more attention on growing international markets, where we believe significant opportunities remain, along with an increased focus on the company’s investor base.”

Weaver added, “I look forward to working in this new role to improve our service to existing customers, including building on the initial positive feedback from our Stone licensing relationship. We see meaningful opportunity in calendar 2024 to grow our business while achieving significant cost reductions and efficiencies. Much work remains to achieve our operating goals and I am excited to work with Masa and the Board to meet these objectives.”

Randell Weaver Biography

Mr. Weaver has more than 30 years of well-rounded manufacturing, distribution, and CPG experience with three prior terms as a public company President, COO or CFO and demonstrated success in cash management, fund raising, building and mentoring staff, structuring financing options, optimizing performance, growth, strategic planning and relationship management.

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Prior to joining NuZee, Mr. Weaver served as Chief Financial Officer of Reinvention Unlimited, Inc, providing financial and operational management, mentoring and executive oversight services for international manufacturing and distribution clients with a focus on regulated industries in food, pharmaceuticals and contracting.

Before that, he held several key positions, including CFO of a publicly held CPG manufacturing and distribution company with international operations and units in baked organic baby foods, nutritional supplements, and highly regulated cannabis products.

While there, he transitioned that issuer’s listing from TSX to NASDAQ and helped raise in excess of $15 million in debt and equity. Mr. Weaver previously held interim management positions at a private equity-acquired food packaging company and a frozen food company.

Mr. Weaver holds a Bachelor of Science degree in business administration from Cal State University, Northridge, and a Master of Arts in spiritual psychology from University of Santa Monica.

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