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Ep. 237: How Celsius Rose From The Ashes To Become One Of The Hottest Brands In CPG

Ep. 237: How Celsius Rose From The Ashes To Become One Of The Hottest Brands In CPG

FromTaste Radio


Ep. 237: How Celsius Rose From The Ashes To Become One Of The Hottest Brands In CPG

FromTaste Radio

ratings:
Length:
39 minutes
Released:
Jan 19, 2021
Format:
Podcast episode

Description

It might be surprising to learn that Celsius, a fitness-centric energy drink brand that generated over $100 million in sales in 2020 and is profitable, was in turmoil just a few years ago. Founded in 2004, Celsius was originally positioned as a brand of “negative calorie” and “fat burning” functional beverages. That focus, which was initially successful in driving consumer and retailer interest, eventually proved to be problematic and resulted in the company spending years in turnaround. CEO John Fieldly, who joined the company nine years ago and has been at the helm since 2017, was at the forefront of Celsius’s turnaround and is spearheading its current growth strategy which is supported by distribution at top retailers, including nationwide at Walmart.  In an interview featured in this episode, Fieldly spoke about his role in the turnaround, including his belief that a strong understanding of finance was a significant factor in helping to fix Celsius’s problems, the importance of setting expectations with staff and investors, how to optimize placement at key retailers and why he has an open door policy when conducting business.  Show notes:  0:37: Interview: John Fieldly, CEO, Celsius -- Fieldly spoke with Taste Radio editor Ray Latif about his initial experience as the company’s CEO and how his background in finance provided a foundation for identifying and resolving the company’s most critical problems. He also discussed why data analysis helped Celsius focus on key markets and retail channels, why he viewed the energy category as the biggest opportunity for growth and how he’s attempting to shed an industry stigma about the brand. Later, he spoke about his leadership style and why it’s important to address personnel issues immediately, as well as how he plans to maintain Celsius’s momentum through 2021 and beyond. Brands in this episode: Celsius, Bang Energy, Monster Energy
Released:
Jan 19, 2021
Format:
Podcast episode

Titles in the series (100)

The top podcasts for food and beverage professionals, BevNET’s Taste Radio and Taste Radio Insider feature interviews with the leaders and rising stars of our fast-evolving industry. The shows also include discussion on emerging trends, innovation and news of the week from our regular cadre of hosts from the BevNET and NOSH teams. Tell us what you think at ask@tasteradio.com. You can also email us if you are interested in Taste Radio sponsorship opportunities. If you like Taste Radio, share it with a colleague, will ya? See you every Tuesday and Friday!