Liberty Health CEO Resigns From Company, George Gremse Named As Interim Replacement

Liberty Health Sciences (CSE: LHS) has seen CEO and director Victor Mancebo resign from his role with the company. Effective December 31, 2020, there was no reason provided for the sudden departure.

Mancebo had served as Liberty Health’s CEO on a permanent basis just since January 20, when the announcement was made that he had moved from an interim role to that of permanent. Acting in the role since mid-February 2019, at the time of the announcement to make the role permanent, Chairman Wiliam Pfeiffer had commented, “Victor has achieved tremendous results for the company and we are confident that he will continue to lead the company into a new era of growth.”

Notably, Pfeiffer thanked Mancebo for his time with the company in the announcement this morning, indicating that the departure is not on poor terms, at least to some degree.

Taking Mancebo’s place on an interim basis will be that of George J Gremse, a current member of Liberty’s board of directors. Gremse, whom has been a director of the company since October 2019, is said to have previous senior management experience in startups as well as Fortune 500 firms. He currently holds an MBA from the Baruch College of the City University of New York. It is anticipated that Gremse will work with Mancebo to ensure a smooth transition.

The announcement follows the news earlier this week that the company is looking to extend certain debt obligations with secured lenders. In exchange for a higher interest rate and reduced conversion price, Liberty Helth has offered to its secured debenture holders the opportunity to extend its notes by twelve months.

Liberty Health Sciences last traded at on the CSE.


Information for this briefing was found via Sedar and Liberty Health Sciences. 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

2026 Could Be Gold’s Biggest Year Yet!? | Ryan King – Equinox Gold

Gold Is Screaming Higher While Currencies Burn | Simon Ridgway – Rackla Metals

We Have the Highest-Grade Antimony Deposit in North America!? | Jim Atkinson -Antimony Resources

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Liberty Health Management Shakeup Continues

It was announced today that the management shakeup at Liberty Health Sciences (CSE: LHS, OTCMKTS:...

Saturday, February 23, 2019, 01:28:37 AM

Liberty Health Reports FY2020 Revenues of $50.1 Million, Net Income of $22.3 Million

Liberty Health Sciences (CSE: LHS) reported its fourth quarter earnings this morning, reporting revenues of...

Friday, June 26, 2020, 09:27:08 AM

Green Growth Brands to Buy Florida Licensed Operator

Green Growth Brands (CSE: GGB) put out a filing through the Canadian Securities Exchange late...

Tuesday, June 4, 2019, 05:00:28 AM

Liberty Health Sciences Sells Florida Greenhouse, Land and Ohio Assets for $14.75M

Tonight Liberty Health Science (CSE: LHS) announced the Company is selling 36 acres of land,...

Monday, August 19, 2019, 11:48:31 PM

Liberty Health is Primed for a Takeover – By Green Growth Brands

For those of whom are following the drama of Liberty Health Sciences (CSE: LHS, OTCMKTS:...

Sunday, February 24, 2019, 08:20:09 PM