Charlotte’s Web Announces New Management Appointments

Charlotte’s Web Holdings Inc. (TSX: CWEB) has announced the appointment of several new members to its executive team, as well as accepted the resignation of its Chief Operating Officer.

The company’s new role of Chief Cultivation Officer is going to be filled by Jared Stanley, who is the company’s co-founder and previously held the role of Vice President of Cultivation Operations. In his promoted role as the Chief Cultivation Officer, Jared will oversee the entirety of the cultivation process, ensuring that high standards are met in producing quality products. He will be reporting to the Deanie Elsner, who is the Chief Executive Officer.

Charlotte’s Web has also created the new role of Senior Vice President of Government Affairs & Corporate Communications, which will be filled by Kelly Shea. This role will see that Kelly’s previous background in government legislature and agriculture is applied in overlooking Customer Education, Federal and State Government Relations, Communications, and Corporate Social Responsibility.

Paul Lanham, who is in charge of the company’s digital strategy and business analytics in his role as the Chief Data, IT and E-Commerce Officer, will now be reporting to the Chief Executive Officer, Deanie Elsner.

Lastly, Stephen Lermer, who was the Chief Operating Officer, has resigned from the company as of January 31, 2020 to pursue other interests closer to home in Central America. His subordinates will now be overlooked by Russ Hammer, who is the Chief Financial Officer until a replacement is found to fill Stephen’s position.

Charlotte’s Web Holdings Inc focuses on the cultivation, production, and distribution of CBD products, and is currently trading at $9.96 on the TSX.

Information for this briefing was found via Sedar and Charlotte’s Web Holdings Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.