Reed’s CEO steps down, COO named interim chief

Reed’s CEO Cyril Wallace has stepped down from his position at the US soft drinks company after less than a year in the role. Chief operating officer Neal Cohane has been named the company's interim CEO, Reed's said in a statement yesterday (24 March). The board has started a hunt for a new CEO, it added. The leadership changes were announced alongside the ginger ale maker’s accounts for 2025, which saw a drop in both sales and earnings in the full-year and fourth quarter. Wallace, a former PepsiCo ex ...