NR before ERGood morning Long's, already a big news this morning. GLTA.... Gaillard
HEXO Announces Appointment of John K. Bell as Chair of Board of Directors
2021-12-14 06:30 ET - News Release
GATINEAU, Quebec, Dec. 14, 2021 (GLOBE NEWSWIRE) -- HEXO Corp (TSX: HEXO; NASDAQ: HEXO), a leading producer of high-quality cannabis products, today announced the appointment of John K. Bell as Chair of the Board of Directors, effective December 14, 2021.
“A key priority for the Company is to enhance its corporate governance and John brings a tremendous amount of experience to this role,” said Scott Cooper, President and CEO of HEXO. “John’s strong financial background and experience in the cannabis sector make him ideally suited as we move forward with our new plan to solidify our position as Canada’s leading cannabis company.”
“HEXO has a strong foundation with unique capabilities and assets based on its recent acquisitions to accelerate growth and build market share,” said John Bell. “I am looking forward to working with the rest of the Board and the leadership team as they strengthen their balance sheet and implement their new strategic plan for growth.”
John Bell, FCA, FCPA, ICD.D has a distinguished 40-year career of business success including executive management, corporate governance, financing and M&A. John is currently Chairman of Stack Capital, Pure Jamaican Limited and a board member of Cure Pharmaceutical. John was also a member and Chair of the Board at Canopy Growth between 2014 and 2020. In his stewardship as Chair, they grew the company to a market cap of $20 billion.
John was the founder, owner, and CEO of Shred-Tech, a global manufacturer of shredding and recycling equipment and creator of the mobile shredding industry. After selling Shred-Tech to a public company in 1995, he became owner and CEO of Polymer Technologies Inc. a global manufacturer of auto-parts; later served as Chairman and principal shareholder of BSM Technologies Inc. (TSX) a fleet management Company, and CEO and director of ATS Automation (TSX) with 23 plants globally.
HEXO would like to thank Dr. Michael Munzar for his dedication to HEXO as Chair and for helping to guide HEXO as it grew from a start-up to the market leader, as he steps down from the Board of Directors.