Organigram Holdings Inc. announced that CEO George Engel is stepping down effective immediately.

Engel will remain as a special advisor to the company’s board of directors through a transition period while current board chairman, Peter Amirault, serves as executive chair on an interim basis. The board’s Governance and Nominating committee chair, Geoff Machum will serve as independent lead director.

“Greg has helped guide the company during a global pandemic and through period of significant change within our sector, one in which he is a recognized leader. We are pleased that he will continue to serve as special advisor to the board through this period of transition,” said Machum in a company statement.

“We are equally pleased that Peter Amirault will be leading Organigram as executive chair, while we begin a search process for a permanent CEO.”

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