Piper makes Innocent hire

Balon co-founded Innocent Drinks in May 1999 with fellow Cambridge graduates Richard Reed and Jon Wright. The company turned over ?100m (?114m) in that same year, selling over two million smoothies a week in Europe. In 2009 the founders sold a portion of Innocent to Coca-Cola in a deal that valued the company between ?250m and ?300m. Prior to launching Innocent, Balon worked at McKinsey and Virgin Cola.

?I am fascinated by small, growing businesses with great potential ? investing in a brilliant idea and making it more successful,? said Balon. ?I feel that many of the lessons I’ve learnt while building Innocent can be applied to help other fast-growing consumer-branded businesses create something of real value.?

Balon was ranked 1,077 on the Times’ Rich List in 2009, his worth estimated at ?50m, up ?9m from his 2008 ranking.

Picture: source

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