HEXO Corp has named Charlie Bowman as acting president and chief executive officer, succeeding Scott Cooper, who is stepping down as the company’s leader.
Bowman will move into a permanent role upon completion of Health Canada’s security clearance process.
"I am honored to lead HEXO into the future," Bowman said. "We are entering the next phase of HEXO’s strategic growth plan by remaining laser-focused on becoming cash-flow positive, expanding our leading brands market share across Canada’s recreational market, whilst growing our international business and launching new products for medical."
Bowman, who previously served as HEXO’s acting chief operating officer and general manager of HEXO USA, brings global leadership experience spanning the past two decades. After resetting operations as acting COO, he is well-positioned to guide HEXO toward becoming cash-flow positive.
“I am pleased to welcome Charlie to his new role at HEXO,” said Executive Chairman Mark Attanasio. “I have no doubt that his leadership and commitment to executing HEXO’s strategic plan will lead the organization into its next phase of growth. On behalf of the entire organization, I would like to thank Scott Cooper for his leadership through a very challenging period.”
HEXO Corp has also appointed Julius Ivancsits as acting chief financial officer, effective May 16. He succeeds Curtis Solsvig, who also served as acting chief financial officer. Solsvig will remain with the company in an advisory role through to May 31 in order to facilitate a smooth transition.
Ivancsits brings finance leadership experience and will oversee the company's finance and accounting organization. He will play a key role in executing HEXO's strategy to drive profitable growth and enhance shareholder value.
Ivancsits has extensive international experience in manufacturing with both private equity and family office sponsors and is well versed in corporate turnarounds. Prior to joining HEXO, he served as CFO at Goba Capital, Alpha Measurement Solutions, and Be Green Packaging along with long multiple roles at CPKelco with progressively increasing experience.