Jamba Appoints New Chief

EMERYVILLE, Calif. (Blue MauMau) - Jamba, Inc. announced on Monday the appointment of James White as president, chief executive officer and member of the board of directors. He begins his new position on December 1, 2008.

In connection with Mr. White's appointment, Mr. Steven Berrard will be stepping down as the Company's interim chief executive officer and president, but will remain as the company's chairman of the board of directors.

Mr. White was most recently the senior vice president of consumer brands at Safeway, Inc. He began his career at the Coca-Cola company.

In its third quarter, Jamba lost $12.4 million. Its 200 plus franchises and some 300 company-owned stores have struggled as same-store sales have fallen 10.3 percent compared to the same quarter last year. With losses and dropping sales, the firm has also experienced turnover in its top ranks. CEO Paul Clayton quit in August. Steven Berrard took over as the chain's interim CEO and president.

"While there are clearly challenges ahead, I feel that Jamba is a world-class brand with unique growth and extension opportunities," stated Mr. White.