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Market Chatter: Rockstar Energy Founder Discloses Big Celsius Stake, Calls for C-Suite Changes

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Rockstar Energy founder Russ Savage now holds over 12 million shares of Celsius (CELH), or about 4.7% of the company, and he said the company's chief executive and chief operating officer "need to be fired," CNBC reported Friday, citing an interview with Savage.

Savage, who also said the company's brand manager and marketing manager should be let go, volunteered for the CEO position, according to the report.

"Members of our Board and management team have engaged with Russ Savage many times over the past several years," a Celsius spokesperson toldvia email. "Yesterday, Celsius Holdings reported record second quarter financial results, reflecting continued demand and resilience across our consumer base. We remain focused on executing our total energy portfolio strategy to drive durable, long-term growth," the spokesperson added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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