- HEXO (HEXO) has announced executive changes as it completes a strategic reorganization
- Sebastien St-Louis, HEXO’s Co-Founder and CEO, has departed the company effective immediately
- The company has established a Special Committee to identify a new CEO and is in advanced discussions with a preferred candidate
- It expects to make an announcement in the coming days
- Donald Courtney, HEXO’s Chief Operating Officer, has also resigned
- HEXO is an award-winning licensed producer of innovative products for the global cannabis market
- HEXO (HEXO) is down by 1.86 per cent and is currently trading at $2.11 per share
HEXO (HEXO) has announced executive changes as it completes a strategic reorganization.
Sebastien St-Louis, HEXO’s Co-Founder and CEO, has departed the company effective immediately.
“Building HEXO from the ground-up to become number one in Canada has been the highlight of my career,” St-Louis said. “Without question, HEXO’s future is bright – I am so proud of the team we established, the brands we launched and the loyalty our customers have shown us. As a significant shareholder, I look forward to the company’s next exciting stage of growth.”
Dr. Michael Munzar, Chair of the Board, stated,
“On behalf of the entire organization, I would like to thank Sebastien for his tremendous impact on the Canadian cannabis industry. Through his years of dedication, he has helped build HEXO into a market leader in Canada.
The board has established a Special Committee for Succession to identify a new CEO with the experience to defend HEXO’s position as a market leader in Canada and secure our place as a top-three global cannabis company.”
The Special Committee is in advanced discussions with a preferred CEO candidate and expects to make an announcement in the coming days.
The company believes its new CEO will be well-positioned to integrate recent acquisitions and leverage HEXO’s lean production capabilities, brands and robust product offering to lead it through its next phase of strategic evolution.
HEXO is also announcing the resignation of its Chief Operating Officer, Donald Courtney, thanking him for his operational excellence by increasing scale and automation. He will remain as COO until a suitable replacement is identified.
HEXO is an award-winning licensed producer of innovative products for the global cannabis market.
HEXO (HEXO) is down by 1.86 per cent and is currently trading at $2.11 per share as of 9:31 am ET.
