Jones Soda's Van Stolk resigns from board of directors

LONDON Jones Soda Co.'s founder has stepped down from the board of directors, according to reports.

In a filing disclosed to the Securities and Exchange Commission, Peter van Stolk, has resigned because of concern about the direction of the company. Van Stolk agreed to reduce his severance payments under the Separation Agreement by approximately $100,000 to an aggregate of approximately $350,000, and he won't be bound by noncompetition and nondisparagement obligations.

Last month, the company announced that Joth Ricci would become its new CEO. Van Stolk had left as chief executive last year.