Hexo Corp Replaces CEO After Six Months, Appoints New CFO

Hexo Corp (TSX: HEXO) continues to see members of its management team jump ship as it struggles to right size its operations. After announcing just days ago that it would be shuttering another facility, the company has now replaced both its CEO and CFO.

Scott Cooper has left the company after a short stint as President and CEO. Cooper was appointed to the role on October 20, meaning his term lasted a little over six months. He came to the company view Truss Beverage Co, the firms joint venture with Molson Coors, where he was President and CEO.

Taking on the role of CEO and President going forward will be that of Charlie Bowman, whom will take the titles on an “acting” basis until the completion of Health Canada security clearances. He previously served as the Acting Chief Operating Officer, as well as the general manager of Hexo USA. It is unclear at this time if the role of COO is to be refilled.

The firm this morning also announced that it has found a new permanent CFO after several months of searching. Julius Ivancsits will be taking on the role going forward, although he currently is holding an “acting” title as well, pending Health Canada clearances. Curtis Solsvig, the previous acting CFO, will be leaving the company as of May 31.

Hexo Corp last traded at $0.51 on the TSX.


Information for this briefing was found via Sedar and Hexo Corp. 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.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Hexo Shakes Up Board Of Directors Following Activist Investor Intervention

Hexo Corp (TSX: HEXO) this morning announced minutes before the opening bell that it is...

Tuesday, February 22, 2022, 02:56:00 PM

Hexo Corp Defaults On Secured Convertible Debt, Lender Waives Event Due To Tilray Deal

The inevitable has finally happened. Hexo Corp (TSX: HEXO) this morning formally indicated that it...

Monday, March 14, 2022, 07:38:46 AM

Hexo Corp Posts Q1 2022 Revenues of $50.2 Million, Net Loss Of $117.4 Million

Hexo Corp (TSX: HEXO) this morning reported its first quarter 2022 financial results, posting revenues...

Tuesday, December 14, 2021, 07:52:05 AM

Hexo Corp Records $27.1 Million In Revenue, Loss Of $169.5 Million In Fourth Quarter

Hexo Corp (TSX: HEXO) (NASDAQ: HEXO) reported its fourth quarter earnings this evening, reporting net...

Thursday, October 29, 2020, 08:39:36 PM

Hexo Pushes Out Burwash As CFO, Appoints Trent MacDonald

The revolving door that is the chief financial officer position at Hexo Corp (TSX: HEXO)...

Monday, September 14, 2020, 05:34:20 PM