{"success":true,"data":{"pressRelease":{"id":"91079","rtpr_id":"nGNEvNC8M","ticker":"PRMB","exchange":"NYSE","all_tickers":["PRMB"],"title":"Refresco Appoints Minsok Pak as President, Chief Strategy & Transformation Officer","author":"Globe Newswire","published_at":"2026-07-16T21:00:00.062Z","article_body":"Refresco Appoints Minsok Pak as President, Chief Strategy & Transformation\nOfficer\n\nNewly created role will help shape and deliver Refresco’s next chapter of\nvalue creation\n\nRotterdam, The Netherlands, July 16, 2026 – Refresco (the “Company”),\nthe world’s leading independent beverage solutions provider, today announced\nthat Minsok Pak has been appointed as President, Chief Strategy &\nTransformation Officer, effective July 15, 2026. The newly created role sits\non the Executive Committee and reports directly to Chief Executive Officer\nSteve Presley.\n\nMinsok will lead Refresco's global enterprise strategy and M&A agenda and will\noversee the Company's transformation program across operational performance\nand commercial effectiveness, as Refresco works to deepen its position as the\nonly independent supply chain partner with the scale, category breadth, and\ngeographic reach to serve the full beverage industry. He brings 35 years of\nexperience in consumer-facing industries and an extensive track record of\ninternational leadership. Most recently, he served as CEO of CJ CheilJedang\nFoods, the largest food company in Korea, leading a $9.0+ billion enterprise\noperating in over 75 markets. He also served on the board of Primo Brands\n(NYSE: PRMB) prior to joining Refresco.\n\nSteve Presley, CEO of Refresco, said: \n\"Refresco has built a strong global platform that serves the beverage industry\nacross brands, retailers and categories. Minsok has spent his career leading\nlarge-scale strategy and transformation at companies operating at this scale.\nHe brings a strong track record of creating long-term value, along with deep\nexperience in M&A and operations, and I’m confident he is well suited to\nlead the business at this important stage in Refresco’s growth.\"\n\nMinsok Pak, incoming President, Chief Strategy & Transformation Officer of\nRefresco, said: \n\"The beverage industry is changing faster than at any point in a generation.\nBrands are outsourcing production, private label is taking structural share,\nand entirely new categories are scaling faster than most manufacturers can\nfollow. Refresco’s platform is uniquely positioned to win, with the scale,\nflexibility, and customer relationships to capture demand others cannot serve.\nI am excited to help shape what comes next and look forward to what we will\nbuild together.\"\n\nThe appointment follows Refresco's recent acquisition\n(https://www.globenewswire.com/Tracker?data=IHhfT3bQc9PEOxTa5aatxWLDShkSMiZPf0BK18ro6modHOWZhlCT32lCe4W0iHU5zhozZ74S-qZSm2QR3DbZ13O1khOoqt7bVb5T38aeDaxYdzNpotPCY87VbFrQBcpP)\nof SunOpta, a North American supply chain solutions provider, which added\nplant-based and protein manufacturing and foodservice channel access and\nstrengthened the company’s North America footprint, an example of the growth\nagenda Minsok will now lead.\n\nAbout Minsok Pak\nMinsok Pak is a senior executive with 35 years of experience across consumer\nand retail businesses. He most recently served as Global Chief Executive\nOfficer of CJ Foods (2023–2025), leading a business operating in more than\n75 markets. Prior roles included Chief Operating Officer, Chief Growth Officer\nand Chief Marketing Officer of CJ Foods (2022), Executive Vice President and\nChief Strategy & Transformation Officer at Mondelēz International\n(2020–2022), and Executive Vice President and Chief Strategy and Innovation\nOfficer at Target Corporation (2017–2020). \nEarlier in his career, Minsok served as Senior Vice President at The LEGO\nGroup, overseeing branded retail and channel development across more than 200\nstores worldwide.\n\nMinsok spent over two decades as a Senior Partner at McKinsey & Company,\nadvising consumer and retail businesses across the U.S., Asia, and Europe.\n\nHe holds an MBA from Stanford University Graduate School of Business and a BA\nin Economics, with honors, from Oberlin College, where he served as a member\nof the Board of Trustees.\n\nAbout Refresco\nRefresco is the leading independent beverage solutions provider for preeminent\nglobal and local beverage brands, with production in North America, Europe,\nand Australia. Refresco offers an extensive range of product and packaging\ncombinations from carbonated soft drinks, juices, RTD teas and mineral waters\nto energy drinks, sports drinks and plant-based beverages in carton, (Aseptic)\nPET, cans and glass. Refresco continuously searches for new and alternative\nways to improve the quality of its products and packaging combinations in line\nwith consumer and customer demand and environmental responsibilities. Refresco\nis headquartered in Rotterdam, the Netherlands and has approximately 16,000\nemployees. For more information, please visit www.refresco.com\n\nMedia Contacts\nRefresco Corporate Communications\nHendrik de Wit\n+31 6 1586 1311\nhendrik.dewit@refresco.com\n\nAttachment\n*     Press release - Refresco Appoints Minsok Pak as President, Chief\nStrategy & Transformation Officer\n(https://ml-eu.globenewswire.com/Resource/Download/c1854b16-fc50-4c34-b55e-3ce186625069)","article_body_html":"","raw_payload":{"data":{"id":"nGNEvNC8M","title":"Refresco Appoints Minsok Pak as President, Chief Strategy & Transformation Officer","author":"Globe Newswire","ticker":"PRMB","created":"2026-07-16T21:00:00.062Z","tickers":["PRMB"],"exchange":"NYSE","article_body":"Refresco Appoints Minsok Pak as President, Chief Strategy & Transformation\nOfficer\n\nNewly created role will help shape and deliver Refresco’s next chapter of\nvalue creation\n\nRotterdam, The Netherlands, July 16, 2026 – Refresco (the “Company”),\nthe world’s leading independent beverage solutions provider, today announced\nthat Minsok Pak has been appointed as President, Chief Strategy &\nTransformation Officer, effective July 15, 2026. The newly created role sits\non the Executive Committee and reports directly to Chief Executive Officer\nSteve Presley.\n\nMinsok will lead Refresco's global enterprise strategy and M&A agenda and will\noversee the Company's transformation program across operational performance\nand commercial effectiveness, as Refresco works to deepen its position as the\nonly independent supply chain partner with the scale, category breadth, and\ngeographic reach to serve the full beverage industry. He brings 35 years of\nexperience in consumer-facing industries and an extensive track record of\ninternational leadership. Most recently, he served as CEO of CJ CheilJedang\nFoods, the largest food company in Korea, leading a $9.0+ billion enterprise\noperating in over 75 markets. He also served on the board of Primo Brands\n(NYSE: PRMB) prior to joining Refresco.\n\nSteve Presley, CEO of Refresco, said: \n\"Refresco has built a strong global platform that serves the beverage industry\nacross brands, retailers and categories. Minsok has spent his career leading\nlarge-scale strategy and transformation at companies operating at this scale.\nHe brings a strong track record of creating long-term value, along with deep\nexperience in M&A and operations, and I’m confident he is well suited to\nlead the business at this important stage in Refresco’s growth.\"\n\nMinsok Pak, incoming President, Chief Strategy & Transformation Officer of\nRefresco, said: \n\"The beverage industry is changing faster than at any point in a generation.\nBrands are outsourcing production, private label is taking structural share,\nand entirely new categories are scaling faster than most manufacturers can\nfollow. Refresco’s platform is uniquely positioned to win, with the scale,\nflexibility, and customer relationships to capture demand others cannot serve.\nI am excited to help shape what comes next and look forward to what we will\nbuild together.\"\n\nThe appointment follows Refresco's recent acquisition\n(https://www.globenewswire.com/Tracker?data=IHhfT3bQc9PEOxTa5aatxWLDShkSMiZPf0BK18ro6modHOWZhlCT32lCe4W0iHU5zhozZ74S-qZSm2QR3DbZ13O1khOoqt7bVb5T38aeDaxYdzNpotPCY87VbFrQBcpP)\nof SunOpta, a North American supply chain solutions provider, which added\nplant-based and protein manufacturing and foodservice channel access and\nstrengthened the company’s North America footprint, an example of the growth\nagenda Minsok will now lead.\n\nAbout Minsok Pak\nMinsok Pak is a senior executive with 35 years of experience across consumer\nand retail businesses. He most recently served as Global Chief Executive\nOfficer of CJ Foods (2023–2025), leading a business operating in more than\n75 markets. Prior roles included Chief Operating Officer, Chief Growth Officer\nand Chief Marketing Officer of CJ Foods (2022), Executive Vice President and\nChief Strategy & Transformation Officer at Mondelēz International\n(2020–2022), and Executive Vice President and Chief Strategy and Innovation\nOfficer at Target Corporation (2017–2020). \nEarlier in his career, Minsok served as Senior Vice President at The LEGO\nGroup, overseeing branded retail and channel development across more than 200\nstores worldwide.\n\nMinsok spent over two decades as a Senior Partner at McKinsey & Company,\nadvising consumer and retail businesses across the U.S., Asia, and Europe.\n\nHe holds an MBA from Stanford University Graduate School of Business and a BA\nin Economics, with honors, from Oberlin College, where he served as a member\nof the Board of Trustees.\n\nAbout Refresco\nRefresco is the leading independent beverage solutions provider for preeminent\nglobal and local beverage brands, with production in North America, Europe,\nand Australia. Refresco offers an extensive range of product and packaging\ncombinations from carbonated soft drinks, juices, RTD teas and mineral waters\nto energy drinks, sports drinks and plant-based beverages in carton, (Aseptic)\nPET, cans and glass. Refresco continuously searches for new and alternative\nways to improve the quality of its products and packaging combinations in line\nwith consumer and customer demand and environmental responsibilities. Refresco\nis headquartered in Rotterdam, the Netherlands and has approximately 16,000\nemployees. For more information, please visit www.refresco.com\n\nMedia Contacts\nRefresco Corporate Communications\nHendrik de Wit\n+31 6 1586 1311\nhendrik.dewit@refresco.com\n\nAttachment\n*     Press release - Refresco Appoints Minsok Pak as President, Chief\nStrategy & Transformation Officer\n(https://ml-eu.globenewswire.com/Resource/Download/c1854b16-fc50-4c34-b55e-3ce186625069)"},"type":"article","timestamp":"2026-07-16T21:00:00.17585669Z","server_sent_at_ms":1784235600175},"received_at":"2026-07-16T21:00:00.310Z","source_url":"https://www.globenewswire.com/news-release/2026/07/16/3328843/0/en/Refresco-Appoints-Minsok-Pak-as-President-Chief-Strategy-Transformation-Officer.html"},"analysis":{"id":"80130","press_release_id":"91079","analysis_json":{"industry":{"label":"Food Products","sector":"Consumer Staples"},"redFlags":[],"eventType":"executive_change","narrative":"Refresco appointed Minsok Pak as President, Chief Strategy & Transformation Officer, a newly created role on the Executive Committee effective July 15, 2026.\n\nPak will lead global strategy and M&A, leveraging 35 years of experience including a recent tenure as CEO of CJ CheilJedang Foods.\n\nThe hire follows the recent acquisition of SunOpta and signals Refresco's intent to scale its operations and market presence.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"New CSO hire signals active M&A and growth phase ahead."},"keyFigures":{"customDimensions":{"years_experience":35}},"quotedText":"Refresco’s platform is uniquely positioned to win, with the scale, flexibility, and customer relationships to capture demand others cannot serve.","namedEntities":{"people":[{"name":"Minsok Pak","role":"President, Chief Strategy & Transformation Officer"},{"name":"Steve Presley","role":"CEO"}],"products":[],"companies":[{"name":"Refresco","ticker":"PRMB"},{"name":"CJ CheilJedang Foods","relationship":"former employer"},{"name":"Primo Brands","ticker":"PRMB","relationship":"former board membership"},{"name":"SunOpta","relationship":"recently acquired"},{"name":"Mondelēz International","relationship":"former employer"},{"name":"Target Corporation","relationship":"former employer"},{"name":"The LEGO Group","relationship":"former employer"},{"name":"McKinsey & Company","relationship":"former employer"}],"dollarAmounts":[{"amount":"$9.0+ billion","context":"revenue of CJ CheilJedang Foods"}]},"materialImpact":{"score":3,"reasoning":"Appointment of a seasoned executive to a newly created President and Chief Strategy & Transformation Officer role signals a focus on M&A and operational scaling, but it is a management change rather than an immediate binary financial event."},"tickerRelevance":{"others":[],"primary":"PRMB"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"c-suite_hire","sectorWeight":"consumer_staples"}},"event_type":"executive_change","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Refresco appointed Minsok Pak as President, Chief Strategy & Transformation Officer, a newly created role on the Executive Committee effective July 15, 2026.\n\nPak will lead global strategy and M&A, leveraging 35 years of experience including a recent tenure as CEO of CJ CheilJedang Foods.\n\nThe hire follows the recent acquisition of SunOpta and signals Refresco's intent to scale its operations and market presence.","key_figures":{"customDimensions":{"years_experience":35}},"named_entities":{"people":[{"name":"Minsok Pak","role":"President, Chief Strategy & Transformation Officer"},{"name":"Steve Presley","role":"CEO"}],"products":[],"companies":[{"name":"Refresco","ticker":"PRMB"},{"name":"CJ CheilJedang Foods","relationship":"former employer"},{"name":"Primo Brands","ticker":"PRMB","relationship":"former board membership"},{"name":"SunOpta","relationship":"recently acquired"},{"name":"Mondelēz International","relationship":"former employer"},{"name":"Target Corporation","relationship":"former employer"},{"name":"The LEGO Group","relationship":"former employer"},{"name":"McKinsey & Company","relationship":"former employer"}],"dollarAmounts":[{"amount":"$9.0+ billion","context":"revenue of CJ CheilJedang Foods"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-16T22:39:25.344Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"mid-cap","eventGravity":"c-suite_hire","sectorWeight":"consumer_staples"}},"durationMs":389580,"modelName":"glm-4.7"}}