This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

DS Waters CEO Dillon Schickli Announces Retirement; Tom Harrington To Serve As New CEO

ATLANTA, Feb. 5, 2013 /PRNewswire/ -- DS Waters of America, Inc. today announced the retirement of its chief executive officer, Dillon Schickli, and that its board of directors has named Tom Harrington to serve as the company's new chief executive officer, effective immediately.  Harrington previously served as the company's president and chief operating officer; his new role combines the previously divided roles of president and chief executive officer. 

(Logo:  http://photos.prnewswire.com/prnh/20111202/CL16284LOGO-b)

Schickli first joined DS Waters in 2005 as co-chief executive officer and board member, and under his leadership the company quickly saw significant improvements in financial performance, customer service and operating efficiency.  In 2012, under the guidance of both Schickli and Harrington, DS Waters achieved its strongest net customer growth in over a decade and had much improved year-over-year financial performance, including record revenue.  "We are now leading the HOD water industry in growth and are a major player in the office coffee service and filtration businesses," Schickli said.  "I believe that our 2013 prospects for further gains in customer growth and financial performance are great, and I expect the Company will exceed its goals for financial performance." 

Harrington's contributions to the company's strong 2012 performance include both leading the acquisition and integration of the Standard Coffee Service Company and executing DS Waters' expanded strategy to become a leading direct-to-consumer beverage services provider.  "I can think of no one more deserving or capable of taking over leadership of DS Waters," Schickli stated.  "Knowing that the company will be in good hands under the leadership of Tom and the rest of our experienced management team has made my decision to retire much easier." 

Harrington brings 27 years of beverage industry experience to his new role as the company's chief executive, including nine years with DS Waters.  After joining the company in 2004 as senior vice president of the central division, Harrington later served as western division president in 2005 and was promoted to chief operating officer in 2008 and president in 2011. Prior to joining DS Waters, Harrington was in the carbonated soft drink industry where he held various roles within Coca-Cola Enterprises, Inc. and Coca-Cola North America, including vice president and general manager of Coca-Cola Enterprises in both the New York and Chicago divisions.

Harrington said, "I would like to thank Dillon for his contributions and service to DS Waters, and wish him congratulations on his retirement. DS is one of the service industry's great companies, with a long history of exceptional customer service and strong positions in each of its key lines of business, delivered from a platform that provides exciting opportunities for growth.  I look forward to continue working with our talented team of associates as we build upon our successes and continue to execute our plans for growth."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs