DS Waters Announces New CEO

February 8, 2013

CEO Dillon Schickli announces retirement; Tom Harrington to serve as new CEO

DS Waters of America Inc. CEO Tom Harrington Dillon Schickli

DS Waters of America Inc. announced the retirement of its CEO, Dillon Schickli, and that its board of directors has named Tom Harrington to serve as the company's new CEO, effective immediately. Harrington previously served as the company's president and chief operating officer; his new role combines the previously divided roles of president and CEO.

Schickli first joined DS Waters in 2005 as co-CEO and board member, and under his leadership the company quickly saw improvements in financial performance, customer service and operating efficiency. In 2012, under the guidance of both Schickli and Harrington, DS Waters achieved its strongest net customer growth in more than a decade and had improved year-over-year financial performance, including record revenue. "We are now leading the HOD water industry in growth and are a major player in the office coffee service and filtration businesses," Schickli said. "I believe that our 2013 prospects for further gains in customer growth and financial performance are great, and I expect the company will exceed its goals for financial performance."

Harrington's contributions to the company's strong 2012 performance include both leading the acquisition and integration of the Standard Coffee Service Co. and executing DS Waters' expanded strategy to become a leading direct-to-consumer beverage services provider. "I can think of no one more deserving or capable of taking over leadership of DS Waters," Schickli said.  "Knowing that the company will be in good hands under the leadership of Tom and the rest of our experienced management team has made my decision to retire much easier."

Harrington brings 27 years of beverage industry experience to his new role as the company's chief executive, including nine years with DS Waters. After joining the company in 2004 as senior vice president of the central division, he served as western division president in 2005 and was promoted to chief operating officer in 2008 and president in 2011. Prior to joining DS Waters, Harrington was in the carbonated soft drink industry, where he held various roles within Coca-Cola Enterprises Inc. and Coca-Cola North America, including vice president and general manager of Coca-Cola Enterprises in both the New York and Chicago divisions.

Source:

DS Waters of America Inc.

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