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PERRIER NAMES KIM E. JEFFERY PRESIDENT AND CEO, FORMER CEO, RONALD V. DAVIS, NAMED CHAIRMAN

 PERRIER NAMES KIM E. JEFFERY PRESIDENT AND CEO,
 FORMER CEO, RONALD V. DAVIS, NAMED CHAIRMAN
 GREENWICH, Conn., Nov. 12 /PRNewswire/ -- The Perrier Group of America, Inc. (PGA), named Kim E. Jeffery president and chief executive officer. He replaces Ronald V. Davis, who becomes chairman of the board.
 Mr. Jeffery, who joined the company on 1978 and is 44 years old, had served as chief operating officer for The Perrier Group of America since 1991. In this capacity, he was responsible for all U.S. sales, marketing and manufacturing activities.
 The Perrier Group is based in Greenwich, Conn., with a staff of 3,600 employees nationwide. The company produces, markets and distributes ten brands of domestic and imported bottled water and natural beverages, with sales totaling $600 million in 1991.
 "The Perrier Group has been an important part of my business life, and I am delighted now to lead this outstanding company and team assembled by Ron Davis," said Jeffrey. "It has been exciting to work with Ron in building PGA into the leading company in the business."
 Mr. Jeffery first joined the company as a central division sales manager and later served as western division sales manager, vice president of sales, and senior vice president of sales and marketing. Before joining The Perrier Group, Mr. Jeffrey held sales positions with Kraft Foods and the Pepsi Cola Company.
 "I am thrilled that my good friend and long-term partner will have the opportunity to lead PGA. His contribution over the past 14 years is a major reason why The Perrier Group has achieved its position as the bottled water industry leader," Mr. Davis said. "He has the talent, experience and strategic vision to further develop the success of this company."
 The top selling brands of The Perrier Group include: Perrier, Arrowhead, Calistoga, Great Bear, Ice Mountain, Oasis, Ozarka, Poland Spring and Zephyrhills. Today, The Perrier Group leads the bottled water category, commanding 24 percent of the more than $2.6 billion U.S. bottled water market.
 As chairman, Mr. Davis will be available for counsel. He will also implement this management transition and provide leadership for the bottled water industry. In October 1992, he was elected the 1992-1993 president of the International Bottled Water Association, the 1,000 member industry trade group. Mr. Davis said "This move is a satisfying conclusion to a remarkable business experience."
 Mr. Davis joined Perrier in 1979 as founder of a company created to develop domestic bottled water opportunities. He became president and chief executive officer of the The Perrier Group in 1980, at the age of 33.
 "We are pleased to be able to make this transition from one experienced leader to another," said Mr. Serge Milhaud, chairman of Source Perrier, S.A., the Paris-based parent company of the Perrier Group of America. Source Perrier, S.A. became a subsidiary of Nestle, S.A. in July 1992.
 -0- 11/12/92
 /CONTACT: Jane Lazgin of The Perrier Group, 203-863-0240/ CO: Perrier Group of America ST: Connecticut IN: FOD SU: PER


LD-TM -- NY111 -- 0471 11/12/92 20:07 EST
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Publication:PR Newswire
Date:Nov 12, 1992
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