Canopy Growth Corp. has announced changes to its Executive Management Committee. Effective immediately, Mike Lee, executive VP and CFO, and Rade Kovacevic, president and chief product officer will step down from their respective roles on the Executive Management Committee and depart from the company on December 31, 2021. In the interim, they will serve in an advisory capacity to support the transition.
Canopy Growth has initiated its external search to fill both roles. To further support the transition, Judy Hong has been named interim CFO, and Tara Rozalowsky as interim chief product officer; both will answer to CEO, David Klein.
“These decisions reflect management and the board’s vision for building a best-in-class organization that is well-positioned to deliver long-term growth and shareholder value,” said Klein. “Judy and Tara are established leaders who have played pivotal roles during their tenure at Canopy Growth. I am confident in their ability to execute against our strategic priorities as we accelerate our path to profitability.”