Swiss Water Decaffeinated Coffee Company Appoints CFO

VANCOUVER, British Columbia, Oct. 02, 2018 (GLOBE NEWSWIRE) -- Swiss Water Decaffeinated Coffee Inc. (TSX – TPK), (“Swiss Water” or “the company”), (formerly Ten Peaks Coffee Company Inc.) today announced that Iain Carswell, CIMA (CMA) has been appointed Chief Financial Officer (“CFO”) of the company effective immediately.

Iain Carswell brings over 15 years of experience in large multisite manufacturing environments, as well as extensive international financial experience to his new role. Working primarily with Mars Inc., a global food, beverage and confectionary company with over US$35 billion in sales, Mr. Carswell has been a proven business leader throughout his financial career. Starting as a Brand Analyst, Financial Analyst, Financial Planning Manager, Controller and finally as CFO of Mars Turkey, he has in-depth knowledge of all aspects of accounting, financial reporting, risk management and strategic planning.

“We are delighted to welcome Iain to our senior management team. The broad international experience he has gained working with Mars, a world leader in both food manufacturing and sustainability initiatives, is exactly what we need in a CFO as we pursue our goal of becoming a global coffee company”, said Frank Dennis, President and CEO of Swiss Water.

Iain Carswell holds a Bachelor of Commerce from the University of Edinburgh and an MSc in Investment Analysis from the University of Stirling in the UK, as well as the Chartered Institute of Management Accountants and Chartered Global Management Accountant designations.

Company Profile

Swiss Water Decaffeinated Coffee Inc., (formerly Ten Peaks) is a publicly traded company and a global industry leader in the decaffeination of premium green coffee located in Burnaby, BC. It also owns and operates Seaforth Supply Chain Solutions Inc., a green coffee handling and storage business located in Metro Vancouver. 

The company changed its corporate name from Ten Peaks Coffee Company Inc. to Swiss Water Decaffeinated Coffee Inc. on September 30, 2018. The company’s shares will continue to trade on the TSX under its current “TPK” ticker symbol until such time as its new symbol “SWP” is approved.

CONTACT: For further information:

Frank Dennis, Chief Executive Officer
Swiss Water Decaffeinated Coffee Inc.
Phone: 604-420-4050