Kaival Brands Appoints Three New Members to its Board About Barry Hopkins
Barry Hopkins joins Kaival Brands as Chairman of the Board with decades of senior executive experience within the traditional tobacco vape, and CBD spaces. Mr. Hopkins spent most of his decades-long career primarily in senior sales and marketing roles for Turning Point Brands and Altria. Most recently, before retiring, Mr. Hopkins served as Senior Vice President of Executive Organizational Development of Turning Point Brands, where he led that company’s senior management team in building the infrastructure for an enhanced performance management system and development of a new strategic planning process with a focus on mission critical initiatives to achieve a sustainable competitive advantage. These initiatives contributed to eight record-setting quarters in terms of revenue growth.
Mr. Hopkins stated: “After spending more than 40 years within the industry, I am excited to join Kaival Brands at such an extraordinary inflection point. Management has done an exceptional job over the past two years navigating not only COVID-19 related hurdles, but an extraordinarily challenging regulatory environment brought on by the FDA’s PMTA process. I believe my experience at the highest levels of management can significantly contribute to the ongoing efforts by both board and company leadership as Kaival Brands embarks on future growth initiatives, as evidenced by the recently announced national distribution agreements.”
Mr. Hopkins earned an undergraduate degree in Business Administration, Management and Operations from his studies at Staten Island College and Bernard Baruch University. Mr. Hopkins will serve as Chairman of the Board of Directors and as Chairman of the Governance and Nominating Committee of the board.
About David Worner
David Worner brings to the Kaival Brands board a diverse combination of finance, fundraising, mergers and acquisitions, technical accounting and operational experience gained over nearly 20 years. Mr. Worner is currently the Chief Executive Officer & Founder of GrowthPath Partners, a transactional accounting & advisory firm that services companies going through fundraising, mergers and acquisitions and public offering events. Prior to founding GrowthPath, Mr. Worner was a partner at NOW CFO, an outsourced chief financial officer and financial consulting firm.
Mr. Worner earned an undergraduate degree in Accounting from the University New Orleans. Mr. Worner will serve as the Chairman of the Compensation Committee of the board.
About Mark Thoenes
Mark Thoenes, the current Interim Chief Financial Officer of Kaival Brands, has more than 35 years of diverse financial and operational leadership. He has been a licensed Certified Public Accountant since 1984 and began his career with Ernst & Young Global Limited. From 2000 to 2010, Mr. Thoenes served as the Executive Vice President and Chief Financial Officer of Rentrak Corporation (“Rentrak”), a publicly traded company listed on Nasdaq and headquartered in Portland, Oregon. Founded in 1977, Rentrak went public in 1986, and remained a public company until it was acquired by comScore, Inc. in 2016. For the past eleven years, in addition to his role at the Company, Mr. Thoenes has been the President of MLT Consulting Services, LLC, a full-service business/financial consulting firm.
Mr. Thoenes earned an undergraduate degree in Business Administration, Economics, Finance and Accounting from Portland State University.
https://www.globenewswire.com/news-release/2023/03/20/2630218/0/en/Kaival-Brands-Appoints-Three-New-Members-to-its-Board-of-Directors.html