More Diageo rumours floating....:) Despite the questions surrounding the behavior of the Company’s CEO (Vic Neufeld), Aphria has a strong and experienced management team with CPG industry background and none of them have resigned amidst the current controversy. Think about this:
Jakob Ripshtein, the President of Aphria, was previously President of Diageo Canada and CFO of Diageo North America, the company’s largest geographic region. In addition, Tom Looney joined Aphria’s board recently after retiring as President of Diageo’s US and Canadian spirits business.
Neither of these gentlemen has resigned.
Based on estimates, the strike price of Mr. Ripshtein’s options are more than 80% higher than current stock price levels. His decision to stay with the company speaks volumes.
Joel Toguri is the VP of sales of Aphria. His previous role was VP of Sales at Southern Glazer’s. He remains at Aphria despite the controversy. Interesting....very interesting...
In fact, Altria may have had no other option than to choose Cronos (on the cheap) as Diageo might have had the block up on Aphria?Hmmmmmm....