Leading Brands has confirmed the retirement of one of its directors.

The Canada-based soft drinks firm announced yesterday (23 February) that Jon Merriman has retired for personal reasons. Merriman is “not (stepping down) as a result of any disagreement with the management or the board of directors of the company”, Leading Brands said.

“The company extends its thanks to Mr. Merriman for his more than 11 years of service and wishes him well in his future endeavours,” the company noted.

Last month, Leading Brands said that its third-quarter net profits totalled CAD66,288 (US$64,277) compared to net losses of CAD535,769 a year earlier. Sales in the period dropped to CAD4.4m from CAD6.2m.