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Uptain was only in his mid-40s when he retired. Hed been introduced to alkaline water, which is specially filtered and formulated to improve pH. If [my employees] look at me and Im not happy or not in a good mood, its a big deal. Why? Newton, MA 02462, (617) 630-2400 At the time, it was only for investment purposes, but I quickly realized that drinking it made me feel better. What information about Kenneth are you looking for? Brand ambassadors, who attend marathons and health events, introduce potential customers to the product. The son of a contractor and a graduate of Bothell High School, Uptain chose to bypass college, knowing that a career in construction would be part of his future. To learn more about Essentia, please visit essentiawater.com or connect with Essentia on Facebook, Twitter, or Instagram. We want to hear from you. One day, a friend brought me a sample of ionized water. The decision closes a long chapter for the Seattle-based ionized alkaline water brand, with Uptain, the companys owner, having risen as an early pioneer in the space to a category leader, generating $286 million in measured retail sales last year. He remains the companys largest shareholder. 150, In recent years, however, a new bottled water category has emerged: alkaline water, and its a segment within the market that Bothell-based, Harvest Mixed-Use Development to Launch Retail Hub in Woodinville, Beam Me Up, Bellevue: Crews Top Out 25-Story Office Tower, The Artise, UW Bothell and Bellevue College Are Collaborating on New Program Offerings, NIH Selects Issaquah Company to Showcase Habit-Coaching System, Bensussen Deutsch & Associates Appoints Martin as Chief Experience Officer. 47 times He also spoke about his leadership style and the companys culture, why all potential employees have to pass Kens Good Guy Test, and the one thing hell never share with his team. Reviews help MyLife is NOT a Consumer Reporting Agency - You may NOT use this information to make decisions about consumer credit, employment, tenancy or any other purpose that would require FCRA compliance. And a Car. The water didnt sparkle or contain any exotic flavors. Uptain discovered that when the product launched, the public wasnt interested in experimenting with their water just yet. Lessons From a CEO: Ken Uptain of Essentia, s a consumer, there are countless options when it comes to choosing bottled water: glacial, spring, mineral, sparkling, flavored, etc. At Essentia Water, Ken Uptain has 7 colleagues including Ashley Keller (Digital Marketing), Brian Hawkins (Finance) . 3 The Professional Career of Ken Todd. Many of these newer drink brands put forward a series of health claims like improved immunity, digestion or energy to appeal to health-conscious consumers and allow them to charge a higher premium. View Kenneth Uptain results in Texas (TX) including current phone number, address, relatives, background check report, and property record with Whitepages. . Essentia doesnt release sales numbers, but the company did say it expects to grow 90 percent in the next year. 2,526 executive movements have been recorded in the last 12 months. Scott Miller brings over 30 years of experience in the beverage industry to Essentia, currently serving as the CEO of Tampico Beverages, Inc., a global brand with products sold in 50 countries across the globe. Uptain admits that the brands remarkable growth has surprised him, yet Uptain, a mild-mannered and reserved man who was semi-retired when he launched Essentia, is taking success in stride. Pretty photos of snow-capped mountains on the label no longer cut it. At the time, it was only for investment purposes, but I quickly realized that drinking it made me feel better. I have always envisioned Essentia to be a global company and I believe we can be a $1 Billion brand. Bothell, WA 98011, We use cookies to help deliver the best experience and allow us, and third parties, to optimize content for you. Essentia's investors include Castanea Partners and First Beverage Ventures. 332 Congress Street, 5th Floor Headquartered in Bothell, WA, Essentia Water, LLC pioneered ionized alkaline water in 1998 and is known for its unique ionization process. The type of people that inspire me are overachievers people that have built something on their own and have done well at it. 138: How Essentias Ken Uptain Went From Semi-Retired to Stunning Success, Listen to our full conversation with Uptain, who discussed the genesis and development of Essentia, including the impact of a major brand revamp, and why timing has been so critical to its success. I think this will be a billion dollar brand and I think we need somebody to come in to help it get there, he said. Markets never sleep, and neither does Bloomberg. However, municipal water just doesnt sound as romantic as glacial spring water. Uptain explained why he incubated Essentia for years before pressing the gas on retail and distribution in 2012, and why the development of direct store . The first ionized alkaline bottled water offered in the United States, Essentias philosophy is that a better you starts with a better water. For the past 52 weeks, Essentia has recorded more than $136 million in retail measured sales with 84% growth . I think its important never to lose that, he said. Beverage companies in 2017 fetched an average valuation of 16 times earnings before interest, taxes, depreciation and amortization, according to Dealogic a six-year high. Over the next 10 years, a small team of employees took orders and provided customer support. I make decisions all day long, and my team knows for example that Id make no decision without all the facts. Why The Primal Plan Focus On The Basics And Your Why Works. Social media wall Now, his patients cant get enough of it. Finally, I was ready to bring Essentia Water (and my own proprietary ionization process) to the mainstream, never compromising my commitment to quality or my desire to help people feel their best. Got a confidential news tip? 220. May 07, 2020 11:31 AM Eastern Daylight Time. This personal experience ignited his interest to bring the product to consumers in the United States and subsequently acquire the rights to use the proprietary technology. We use cookies to personalize & enhance your experience. The leadership changes will take effect June 1, 2020. Building that relationship is part of Uptains personal philosophy. Learn More. Links are provided for reference only and MyLife.com does not imply any connection or relationship between MyLife.com and these companies. 310.775.7635 (mobile), Ashley Short For example, a dehydrated persons blood viscosity may appear similar to that of ketchup, whereas the blood of a hydrated person is more like wine. Uptain, now 63, had just retired from a career selling real estate in Seattle. 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I felt burnt out, he said. By age 22, he had saved up enough money to start his own construction company, and less than 15 years later found himself as the CEO of a successful, international, publicly traded real estate firm. Ken Uptain has served in the role of Executive Chairman since June 1, 2020. Before Uptain started a career in the beverage industry, he made a successful living working in construction and real estate. The Edmonds gathering celebrates women and diversity with this years theme, EmbraceEquity.. Working at Essentia is energizing and empowering. When I launched the brand in June of 1998, within a year I realized that the product was ahead of its time, and that the consumer wasnt ready for a product like ours, Uptain said. Kenneth maintains relationships with many people -- family, friends, associates, & neighbors -- including Larry Briggs, Allan Adsitt, Jack Radonski, Sigrid Hardtke and Marland Drake. So much so that I retired from being semi-retired and started learning everything I could about ionization. Essentia Water is bottled in suave, black and red 1-liter bottles. The colleagues of Ken Uptain. Though it took patience, Uptain said he never lost faith. In 2008, Uptain crept back out of his semi-retirement. 10:30 a.m. Teasing finance guru Thomas Nguyen (right) about how I'm going to win our fantasy football league next year Ken Uptain, our founder and CEO, loves to join in on the troublemaking. In his 15 years there, Scott has led the company through innovative product expansions, provided global strategic insight, and built a strong Executive Leadership Team along with a culture of empowerment. The company has grown to the point where it needs more structure than Uptain, who identifies as an entrepreneur, could provide. Essentia Water announced today that founder and CEO Ken Uptain will be shifting into a new role as the company's Executive Chairman, with Scott Miller . Having been introduced to Uptain by one of the companys investors, the two quickly developed a relationship and began sharing thoughts on entrepreneurship and leadership styles prior to Miller being offered the job. to see possible education history including where and when they attending high school and college, and a complete list of his high school class list. The water brand, which has a proprietary ionization process it claims provides better hydration, has roughly $100 million in revenue, the people said. Among the companies likely to consider a bid would be Nestle, Danone, PepsiCo and AB InBev, though it is early in the process. 2:10: Interview: Ken Uptain, Founder/CEO, Esssentia BevNET Managing Editor Ray Latif sat down with Uptain who discussed his journey from real estate developer to bottled water entrepreneur. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. For other inquiries email BMuyco@usabusinessradio.net. 1. info@castaneapartners.com. Subscribe to our newsletter for access to Stop for Nothing: An Artist Discovery Series presented by Essentia and Interscope Records. Essentia Waters roots began in 1998. Because MyLife only collects this data and does not create it, we cannot fully guarantee its accuracy. Track your investments 24 hours a day, around the clock from around the world. At one point I was a construction worker who drank water right out of a garden hose. In an interview included in this episode, he says that he continues to run the company the same way he has for years, leading via delegation, trust and instinct. [emailprotected]com. Birth, Age, Ethnicity, Nationality. Martn Caballero May. Change, Not Compromise, Is The Way. This section can be locked, requiring permission to Previously, Uptain served the company as Founder & Chief Executive Offi Read More Contact Ken Uptain's Phone Number and Email Last Update 12/1/2022 4:04 AM Email k***@essentiawater.com Engage via Email Contact Number (425) ***-**** Engage via Phone Mobile Number Data is a real-time snapshot *Data is delayed at least 15 minutes. Unlike their sports drink predecessors, most are low in, or free of, sugar. And were starting to get talked about a lot.. Its the #1 alkaline water brand and the #1 selling bottled water brand in the natural channel1. Despite the disruption caused by the global COVID-19 pandemic, Uptain said the companys strong performance made him confident that the time was right to make a change in leadership. Essentia hires Credit Suisse to lead a sale of the company. # 42 Ken Griffin $30.2B Random fact: Gained 20 pounds after his funds lost $9 billion in 2008. I started drinking it, and I felt like this was such a quality product, and it made me feel so much better, Uptain said. Select this result to view Kenneth Randall Uptain's phone number, address, and more. That's a big jump from their decline of roughly 6 percent from 2012 to 2013. My health wasnt good.. Between traveling and business, when Im not doing those two things, its golf or fishing. In response to this upswing, PepsiCo last year launched premium water brand Lifewtr. I met with experts locally and globally, including Dr. Hanaoka in Japan who discussed with me his research and thoughts on the rehydration potential of ionized water. You have permission to edit this article. Essentia Water announced today that founder and CEO Ken Uptain will be shifting into a new role as the companys Executive Chairman, with Scott Miller, CEO of Tampico Beverages, chosen as his successor. The people I see go out of business, never manage their expectations. It surprises me because we havent done any marketing here in Seattle. In his new role as Executive Chairman, Uptain will continue to work with Essentias senior management team, while also shifting into more of an ambassadorial role with the brand. According to Essentias incoming CEO, that means keeping the brands entrepreneurial spirit strong even as it scales. The results of Essentias clinical study found that participants who were hydrated using Essentia had a blood viscosity more similar to wine than participants who were hydrated with the leading national brand of bottled water. However, within about one year, he realized the U.S. market wasnt ready for his product. people learn more about others, just like Yelp does for After two decades on the market, Essentia has developed into a premier bottled water brand that is nearing $180 million in annual retail sales, numbers that have attracted rumors of a potentially colossal exit. The success of Essentia is in the science. Friends, Neighbors, or Classmates. Porter Novelli Alkaline water has. 4 Net Worth, Salary, House. We like to walk the talk. Other brands hes worked with include PEPSI, Snapple, Gatorade and Dr. Pepper, among several others. Although Uptain is thrilled with Essentias success, he doesnt seem surprised. Uptain explained why he incubated Essentia for years before pressing the gas on retail and distribution in 2012, and why the development of direct store distribution network has been critical to its success. In suave, black and red 1-liter bottles never to lose that he! It expects to grow 90 percent in the Beverage industry, he ken uptain net worth U.S.. Lost $ 9 Billion in 2008, Uptain crept back out of business, never manage their expectations from to... About ionization States, Essentias philosophy is that a better water not or... Weeks, Essentia has recorded more than $ 136 million in retail measured sales with 84 %.. 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