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

Splash Beverage Group, Inc. (NYSE American: SBEV) announced that its Founder, Chief Executive Officer, and Chairman of the Board, Robert Nistico, has resigned from his roles as CEO and Chairman. Bill Caple, a member of Splash's Board of Directors for over two years, will succeed Mr. Nistico as Chairman of the Board. This leadership transition marks a significant moment for the portfolio company of emerging beverage brands as it prepares for strategic expansion beyond its current focus.

Mr. Caple brings decades of strategic and financial leadership, spanning investment banking, corporate development, and C-suite operations. His experience includes guiding global transactions, including the $1.8 billion acquisition of TaylorMade Golf by Korea's Centroid Investment Partners, combining deep capital-markets insight with hands-on experience in guiding growth-oriented companies through periods of transformation. This background positions him to lead Splash through its next developmental phase.

We want to thank Robert for his years of leadership and dedication, said Mr. Caple. Under his direction, Splash completed a successful IPO in 2020, uplisted to the NYSE in 2021, and navigated several dynamic years of growth and expansion. The Company has now emerged from a very challenging period well positioned for its broader next phase of development. The Board's focus ahead will be on accelerating strategic acquisitions beyond just beverage and driving long-term shareholder value.

Mr. Nistico will transition out of the CEO role by November 14, 2025, but will continue to serve as a member of the Board of Directors, collaborating on special projects within the beverage sector. I'm proud of what our team has built and the foundation we've laid, said Mr. Nistico. The timing is right for new leadership to carry Splash forward, and I have full confidence in Bill Caple and the reenergized Board as we guide the Company into its next chapter.

William Meissner, as the Company's President, will be taking on additional responsibilities as Mr. Nistico transitions out of the role, while the board finalizes its process of bringing on the new CEO. For more information, visit https://www.SplashBeverageGroup.com. This leadership change comes at a pivotal time as Splash Beverage Group looks to expand its strategic direction beyond traditional beverage acquisitions, potentially diversifying its portfolio and market presence in new sectors.