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Triad firm fires CEO, returns founder to position on interim basis

Primo Water was founded in 2014.
Credit: Triad Business Journal File

WINSTON-SALEM, N.C. — Primo Water Corp. (Nasdaq: PRMW) fired President and CEO Matt Sheehan on Tuesday and appointed Billy D. Prim, the company's founder and executive chairman, as interim president and CEO.

“The Board of Directors is committed to enhancing stockholder value. When execution fell short of our expectations, we concluded it was time for a leadership change,” said Susan Cates, Primo Water’s lead independent director. 

“We remain confident in Primo Water’s ability to generate sustainable and profitable growth.”

For more on the leadership change, click here to read the full story on the Triad Business Journal's website. 

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