News

Canopy to hire new CEO by end of year: chairman

Canopy to hire new CEO by end of year: chairman
Business
TORONTO - Canopy Growth Corp. s chairman says it expects to complete its search for a new chief executive officer by the end of the calendar year.

John Bell adds that the "robust" search is already underway with a number of "well-seasoned" candidates.

Bell s comments came at the cannabis company s annual shareholder meeting in Toronto today, the first to be held since its co-founder Bruce Linton was terminated from his role as co-CEO in July after its biggest shareholder Constellation Brands said it was disappointed in its latest earnings.

Its current chief executive Mark Zekulin, who had previously been co-CEO alongside Linton, has said he would stay on until a suitable replacement was found.

Zekulin told shareholders at the meeting that it was his choice to leave, and it was a "natural progression" for new leadership to drive things forward.

Meanwhile, Linton on Tuesday announced his next moves, which include advisory roles in three companies including U.S.-based dispensary company Gage Cannabis Co. and Australia-based Mind Medicine Inc., which is focused on psychedelic-assisted medicines.
Read more on CTVnews
News Topics :
Similar Articles :
Business
Shares of Canopy Growth Corp. got a lift after the cannabis producer named a veteran Constellation Brands executive as its new chief executive. Canopy shares gained $3.33 or 13.5 per...
Business
SMITHS FALLS, Ont. The chief financial officer of Canopy Growth Corp. s largest shareholder has been appointed chair of the cannabis company s board of directors amid an ongoing...
Business
SMITH FALLS, Ont. Cannabis company Canopy Growth Corp. says Constellation Brands executive David Klein has been appointed as chair of its board of directors effective immediately. Klein, the chief...
Business
The cannabis company says David Klein, the chief financial officer at Canopy’s largest shareholder, will replace Mark Zekulin, effective Jan. 14, 2020. Klein has been serving as chairman of the...
Business
TORONTO Canopy Growth Corp. announced Wednesday that Bruce Linton is stepping down as co chief executive and as a board member, effective immediately. The cannabis company said Mark Zekulin will...