Satellite Logistics Group Names CFO

HOUSTON, Aug. 14, 2014 /PRNewswire/ -- Satellite Logistics Group (SLG), a leading supply-chain solution provider for the beverage industry, announced today that Michael Ritchey, CPA, has joined the company as Chief Financial Officer, effective immediately.

(Photo: http://photos.prnewswire.com/prnh/20140814/136287)

Ritchey has a strong background in financial services for the food and beverage industry. Over the past 18 years, he has held a variety of positions at Reyes Holdings, LLC, one of the largest global providers of food and beverage distribution services.  Most recently, he served as vice president of finance there.

An alumnus of Pennsylvania State University, Ritchey brings with him extensive experience, knowledge and contacts in the beer industry.  He was a key team player in several of Reyes Holdings' beer distributorship acquisitions. The company's group of distributors is the largest in the Miller/Coors network.

"Michael's relationships in the beverage industry, his intimate knowledge of beer distribution and his experience in management and finance make him a natural choice for CFO, as SLG continues its aggressive growth pattern," said Kevin Brady, SLG president and CEO. "We are extremely pleased to have him on board."

SLG has experienced significant growth in recent years, particularly in the rapidly growing craft beer segment. The company's global capabilities also have expanded thanks to a new partnership with JF Hillebrand Group AG (JFHG), a global beverage logistics company.

"Satellite Logistics Group is a proven leader in supply chain management and has shown such dynamic growth and success," Ritchey said. "I am so excited to be a part of the SLG team."

Ritchey succeeds outgoing CFO Diane Mohr who celebrated twelve years of service with SLG in March. Mohr will be retained in a consulting capacity through the end of the year to ensure a smooth transition.

About Satellite Logistics Group

Satellite Logistics Group (SLG) specializes in supply chain management for the beverage industry. We deliver innovative and efficient supply chain solutions to help our customers manage their businesses more strategically and accommodate changing needs. Our core services include Kegspediter^® keg management, LogiTrax^® transportation management and EcoBev^® beverage disposal. SLG is a majority-owned subsidiary of the JF Hillebrand Group, a global beverage logistics company. For more information, visit www.slg.com.

Contact:

Michele Wade, Account Executive
MindShare Strategies, Inc.
612-309-4527, [email protected]

Barb Wirth, Communications Manager
Satellite Logistics Group
281-902-5518, [email protected]

SOURCE Satellite Logistics Group (SLG)