Canopy Growth Corporation has appointed Judy Hong as the company’s chief financial officer and Jonathan Di Tosto as its chief operations officer, in addition to creating four new strategic roles within the company’s senior leadership team.
With a proven financial and capital markets background built through more than 20 years of experience at Goldman Sachs & Co., Hong joined Canopy in 2019 as VP of investor relations. Hong’s deep knowledge of the consumer-packaged goods sector has helped shape Canopy's engagement with the financial community, as well as the company's overall commercial strategy.
Di Tosto assumes the role of COO from Andrew MacCorquodale, who is building upon his five years of dedication to Canopy by transitioning into a strategic advisory role. Di Tosto joined Canopy in May 2021 as VP supply chain, where he has focused on optimizing Canopy's global supply chain organization. Prior to Canopy, Di Tosto spent 16 years with George Weston Limited, most recently as VP, planning & logistics, where he was accountable for the end-to-end supply chain strategy, process, and execution throughout Canada and the U.S.
"As Canopy evolves, so does our leadership team, and I'm pleased to welcome both Judy and Jonathan, who have demonstrated their capabilities as leaders to drive our business forward," said CEO David Klein. "As we enter our new fiscal year and continue our focus on accelerating growth and advancing on our path to profitability, I feel strongly that we have the right team and strategy to realize our important ambitions for the benefit of our customers, team members, and shareholders.''
To support the continued advancement of Canopy's U.S. strategy, the company has created four new strategic roles within its senior leadership team. These roles will be led by seasoned executives who previously held leadership roles at Constellation Brands and bring with them a breadth of experience, perspective, and capabilities to help Canopy achieve its business goals in the U.S. cannabis market in four focused areas: commercial sales, marketing, operations, and strategic alliances.
"These roles were developed to leverage Constellation's well-established understanding of the U.S. market, established commercial relationships, and extensive operational capabilities," Klein said. "Accessing Constellation's world-class in-market expertise will allow Canopy to strengthen our competitive positioning as we continue to build a foundation for long-term success in the U.S. market."