Tropicana Brands Group Appoints Paul Chibe as Chief Executive Officer

CHICAGO--(BUSINESS WIRE)--Nov 10, 2025--

Tropicana Brands Group (“TBG” or “the Company”), a leader in fresh and chilled beverages, has announced the appointment of Paul Chibe as Chief Executive Officer, effective today. Glen Walter will remain with the Company in an advisory role through the end of the year.

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Frédéric Stévenin, Co-Managing Partner, PAI Partners and Chairman of the Board, TBG, commented: “We are excited to welcome Paul as TBG’s new CEO and look forward to working with him to build the company’s next chapter of growth and value creation. Paul’s experience driving growth through innovation, adapting to a dynamic consumer landscape and integrating complex operating environments will be impactful at TBG. We want to thank Glen for his leadership during TBG’s transition as a standalone company.”

Mr. Chibe brings more than 25 years of consumer goods and beverage industry leadership experience to TBG. He most recently served as CEO of Pabst Brewing Company, one of North America’s largest privately held brewing companies. Previously, he was President and CEO of Ferrero North America, U.S. Chief Marketing Officer at Anheuser-Busch InBev, and held senior leadership positions at Wrigley.

“Joining TBG is an incredible opportunity to lead a portfolio of some of the most beloved brands in the beverage industry,” said Mr. Chibe. “It’s that brand equity coupled with a commitment to quality, and talented team that provide a strong foundation for growth. I look forward to working together to accelerate innovation and capture new opportunities across the evolving beverage landscape.”

Throughout his career, Mr. Chibe has demonstrated exceptional ability to strengthen brand portfolios, accelerate business performance, and build high-performing teams. His achievements include launching successful innovations at Anheuser-Busch InBev, expanding Ferrero’s North American presence, and driving significant growth at Pabst.

About Tropicana Brands Group

Tropicana Brands Group™ brings together an exciting, global portfolio of some of the world’s most iconic juice brands, including Tropicana ®, Naked ®, KeVita ®, IZZE ®, Dole ®, and Copella ®. Established in 2022 as a joint venture between PAI Partners and PepsiCo, the company aims to promote new growth for its business, opportunities for its people, and to accelerate a vision to be the undisputed global leader in fresh and chilled beverages. With a global footprint of more than 2,000 associates that spans North America, Europe and select international markets such as Japan, we are proud of our industry-leading capabilities in areas that include innovation, R&D, manufacturing, distribution, sales, marketing, and nutrition expertise. For more, please visit www.tropicanabrandsgroup.com

Paul Chibe, CEO, Tropicana Brands Group

MADRID (AP) — A Spanish court acquitted Shakira in a tax fraud case, ordering the government to return more than 55 million euros ($64 million) in wrongly imposed fines, a court document seen Monday by The Associated Press said.

The decision follows years of tax troubles in Spain for the Colombian superstar.

The ruling relates to a dispute over the 2011 tax year in which Spanish tax authorities did not prove that the singer was a resident of Spain, the Madrid-based court said in its decision.

For a person to be considered a tax resident in Spain, she must spend more than 183 days in the country.

Spanish authorities were only able to prove that Shakira lived in Spain that year for a total of 163 days, the court said, ordering the Treasury to reimburse the singer the tax paid plus interest.

“There was never any fraud, and the Tax Agency itself was never able to prove otherwise, simply because it wasn’t true," Shakira said in a statement provided by her lawyers.

Spain's Treasury is to reimburse the singer 60 million euros (almost $70 million), including interest, Shakira’s lawyer said.

“This resolution comes after an eight-year ordeal that has taken an unacceptable toll, reflecting a lack of rigor in administrative practices,” her lawyer, José Luís Prada, said in a statement.

Spain's tax authorities have over the past decade or so cracked down on soccer stars like Lionel Messi and Cristiano Ronaldo for not paying their full due in taxes. Those players were found guilty of tax evasion but avoided prison time thanks to a provision that allows a judge to waive sentences under two years in length for first-time offenders.

FILE - Shakira performs during the Global Citizen Festival in New York on Sept. 27, 2025. (Photo by Charles Sykes/Invision/AP, File)