Alkaline Water Company (WTER) Appoints Ronald DaVella to its Board

The Alkaline Water Company Inc. (NASDAQ: WTER) is pleased to announce the appointment of Ronald “Ron” DaVella as an independent director to its Board of Directors, effective March 17, 2023. Mr. DaVella will serve on the compensation committee and serve as Chairman of the audit committee.

Mr. DaVella is a seasoned financial expert and director, with extensive experience serving on various boards and offering financial advisory services to a wide range of industries. His background demonstrates his expertise in financial oversight, governance, and executive leadership.

“The Alkaline Water Company would like to welcome Ron DaVella to its Board of Directors,” said Frank Lazaran, the Company’s Chairman. “Mr. DaVella's impressive background showcases his dedication to the financial and operational success of organizations, making him an invaluable addition to the Company. His extensive financial experience combined with his familiarity with the Company make him a perfect fit and a great choice to chair our Audit Committee. On behalf of the rest of the board and Company leadership, we look forward to working with Ron in this new chapter for Alkaline88.”

Mr. DaVella’s distinguished career spans over four decades. After retiring as a partner from Deloitte after 34 years in July 2014, he has held an array of board positions and financial advisory roles. Since November 2014, Ron has been a key member of The Joint Corp.'s Board of Directors, simultaneously contributing to multiple other boards, including Delta Dental of AZ and Universal Health Group. He has also provided financial advisory services to NorthStar Engineering Group, Multiomics, and Industrial Succession Corp, while chairing the Strategic Advisory Board for AURA Ventures.

In addition to his board and advisory roles, Mr. DaVella has demonstrated his leadership skills in various companies, such as serving as CFO for NanoFlex Power Corp. and owning Katherine's Lashes, LLC, an Amazing Lash Studios franchisee. Furthermore, he played an instrumental role as Executive VP of Finance for The Alkaline Water Company between May 1, 2019 and January 1, 2020.

"I am thrilled to rejoin The Alkaline Water Company and play an active role in its ongoing growth and success," stated Mr. DaVella. “I look forward to leveraging my expertise and passion to help the company reach new heights and create lasting value for all stakeholders.”

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