Energy Drink Founder Departs Company

John Owoc had served as CEO and chief science officer of Bang Energy maker Vital Pharmaceuticals.

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Bang Energy/Globe Newswire

PEMBROKE PINES, Fla. β€” Vital Pharmaceuticals Inc. announced that founder, CEO, Chief Science Officer and Chairman John H. Owoc will no longer serve in his role as CEO and CSO or as a member of the board of directors.

Vital’s board announced that the company's chief transformation officer, John C. DiDonato, has been named Interim CEO and CTO, effective immediately. DiDonato is the national practice leader and managing director at Huron Consulting Company. He brings more than 35 years of experience leading companies through complex financial and operational transformations.

READ: Energy Drink Maker Files for Bankruptcy 

The company also announced that Gene Bukovi has been elevated to the position of chief operating officer.

β€œOn behalf of the board of directors, we acknowledge Jack’s vision in founding this leading brand and creating a world-class product in the energy drink category. As the company continues to pursue value maximization, we are grateful to Mr. DiDonato and the executive leadership team for their stewardship and to the talented and hard-working members of the Bang Energy team for their unyielding commitment to the brand,” said Steve Panagos, chairman of the board.

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