IBG Chooses New CEO

Inertia Beverage Group (IBG) has named Joseph W. Waechter as CEO to replace Ted Jansen who left the company to join his family in Seattle, Washington, and to pursue new opportunities in that area.

Waechter is the former president and CEO of DHL Worldwide Express and more recently managing director of California Pacific Capital

IBG Chairman Dave Manougian said that Waechter was selected for the top post at the company because of his extensive background in logistics, fulfillment and business management.

Waechter, 56, who worked for DHL for 15 years, is credited with the growth and expansion of DHL as it transitioned from a virtually unknown company into the world’s largest express shipment company. Later, he was president and CEO of Air Micronesia, chairman and CEO of United Micronesia Development Association and chairman and CEO of Danao International Holdings, a developer of golf, hotel and resort properties in Vietnam. Most recently he was managing director of California Pacific Capital, a San Francisco-based investor in early-stage companies.

“Joe’s logistics and fulfillment experience makes him a perfect fit for his new job at IBG as it continues to build the most full-featured end-to-end platform for eCommerce and its constituent parts for online sales in the wine industry,” Manougian said.