Wednesday, July 2, 2025

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

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Tilray Brands Attempted To Buy Hexo For Up To $3 Per Share In November – But Was Rejected

Yesterday, Hexo Corp (TSX: HEXO) filed a management information circular related to the arrangement entered...

Tuesday, May 17, 2022, 07:38:05 AM

Hexo Writes Off Over $616 Million In Assets In Q2 2022

After announcing yesterday morning that they would be releasing financials that same evening, Hexo Corp...

Friday, March 18, 2022, 06:43:00 AM

Hexo Sells Niagara Facility For $10.25 Million

Hexo Corp (TSX: HEXO) (NYSE: HEXO) has sold its Niagara, Ontario facility. The company announced...

Wednesday, June 17, 2020, 08:49:01 PM

Hexo Corp to Delay Q4 Results, Conduct $70 Million Financing Pennies Above 52 Week Low

Hexo Corp (TSX: HEXO) (NYSE: HEXO) announced this afternoon that it will be delaying its...

Wednesday, October 23, 2019, 12:51:17 PM

Hexo Announces Financing With Zero Set Terms

Hexo Corp (TSX: HEXO) (NYSE: HEXO) needs money in a bad way. The problem, it...

Wednesday, April 8, 2020, 08:55:08 AM