RE:From Reddit today, I just got home from long day & read thisPlease correct me if I’m wrong, since Jakob Ripshtein and Tom Looney are retired from Diageo to join Aphria’s board of director they would still be considered independent directors by NYSE’s requirement for a company to list in its stock exchange, if Diageo were to have a partnership with Aphria.
That was the main reason why these two execs needed to retire from their highly coveted positions at Diageo to join Aphria as independent directors and that is since NYSE’s listing requirement is to strictly have independent directors as the company’s board members. Thus a partnership with Diageo is in the cards with two former Diageo execs as Aphria’s independent directors.
Prof did mention though the multinational corporation which would be putting an equity stake into Aphria is a 100B market cap company. Altria comes into mind. So is it Diageo or Altria or both?
Free50dom wrote: Tom Looney is joining the board of Directors at Aphria. He is set to retire from Diageo Sept 30, 2018. This document can be found on Sedar under Aphria - Sept 28 - Management Information Circular.
https://imgur.com/a/nHHF2Rb
https://www.linkedin.com/in/tom-looney-725528a/
Along with Jakob Ripshtein that makes 2 former high Diageo members. There arent many more powerful at Diageo than Former Diageo US President and Former Diageo Canada President on your team. November 2nd is the annual general meeting to vote. These guys along with Michael Serruya, Schlomo Bibas and John M. Herhalt. I will be loading up!