Tropicana Brands Group (TBG), Chicago, announced the appointment of Paul Chibe as CEO. Glen Walter will remain with the company in an advisory role through the end of the year.

Frédéric Stévenin, co-managing Partner at 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.”

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 Co., 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,” Chibe said in a statement. “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, Chibe has demonstrated exceptional ability to strengthen brand portfolios, accelerate business performance, and build high-performing teams, the company says. His achievements include launching successful innovations at Anheuser-Busch InBev, expanding Ferrero’s North American presence, and driving significant growth at Pabst.