Canada: Canopy Growth announces strategic management changes

Canopy Growth Corporation a diversified cannabis, hemp, and vaporization device company in which Constellation Brands holds a share of about 40% today announced strategic changes to its Executive Management Committee.

Effective immediately, Rade Kovacevic, President and Chief Product Officer and Mike Lee, Executive Vice President and Chief Financial Officer will be stepping down from their respective roles on the Executive Management Committee and will depart from the company on December 31, 2021. In the interim, they will serve in an advisory capacity to support transition.

“These decisions reflect Management and the Board’s vision for building a best-in-class organization that is well-positioned to deliver long-term growth and shareholder value,” said David Klein, CEO, Canopy Growth. “We appreciate Mike and Rade’s contributions to advancing Canopy Growth to our position as a cannabis industry leader.”

The Company has initiated an external search for both roles and to support a seamless transition has named Judy Hong as interim Chief Financial Officer and Tara Rozalowsky as interim Chief Product Officer. In addition to serving as members of the company’s Executive Management Committee, both will report directly to CEO David Klein effective immediately.

Judy Hong spent more than 20 years focused on the consumer-packaged goods sector at Goldman Sachs & Co before joining Canopy Growth in 2019 as the Vice President, Investor Relations & Competitive Intelligence.

Tara Rozalowskyhas held leadership positions with global CPG companies including S.C. Johnson, and most recently, ConAgra. At Canopy, she has held the role of Vice President, Beverage and Edibles and has successfully launched a portfolio of award-winning products and brands, including Martha Stewart CBD, and Quatreau, Canopy Growth’s first CBD-infused beverage line.

“Judy and Tara are established leaders who have played pivotal roles during their tenure at Canopy Growth. I am confident in their ability to execute against our strategic priorities as we accelerate our path to profitability,” added David Klein, CEO.

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