Cronos Group Appoints James Holm as Chief Financial Officer
November 14 2022 - 7:30AM
Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the
“Company”), an innovative global cannabinoid company, today
announced the appointment of James Holm as Chief Financial Officer,
effective immediately. Mr. Holm succeeds Bob Madore, who is leaving
the Company.
Mr. Holm brings to Cronos nearly two decades of finance and
accounting experience at leading companies across industries. He
most recently served as the Global Vice President of Finance
Transformation at Vertiv, a global provider of critical digital
infrastructure and continuity solutions, where he led the company’s
centralization, standardization and optimization to a Global Shared
Service hub for finance processes. Before joining Vertiv, Mr. Holm
served as Finance Leader, Finance Solutions & Process
Transformation Organization at Worldpay, one of the largest global
payment processors. There he drove financial reporting accuracy,
capabilities and enhancements across the company. Earlier in his
career, he held multiple positions of increasing seniority in the
finance department during his eight-year tenure at Procter and
Gamble.
“James is a highly accomplished financial executive with diverse
experience serving a variety of high growth companies across the
technology, finance and consumer packaged goods industries,” said
Mike Gorenstein, Chief Executive Officer of Cronos. “Not only does
he bring deep financial acumen, but also, he is a strategic thinker
with a proven track record of executing transformations and
delivering results. We are pleased to welcome James to Cronos and
are confident that he will contribute significantly to our
strategic realignment plans and growth initiatives.”
Mr. Holm commented, "I am thrilled to join the Cronos team at
this exciting time in its history. I look forward to working with
Mike and the rest of the leadership team to further the Company’s
margin expansion and revenue growth strategies while delivering
enhanced value for the Company’s shareholders."
About James Holm
James Holm joins Cronos from Vertiv, where he most recently
served as Global Vice President of Finance Transformation.
Previously, James served as Americas Controller from September 2018
to February 2022. Prior to his roles at Vertiv, James served as
Worldpay’s Finance Leader, Finance Solutions & Process
Transformation Organization from May 2016 to September 2018. Before
that, James served at Procter & Gamble in a variety of finance
roles from September 2008 to March 2016. James is a Certified
Public Accountant and Chartered Global Management Accountant who
previously worked as an external auditor for PricewaterhouseCoopers
where he worked on various public client engagements, some of which
included Fortune 500 companies. He holds a Master of Business
Administration (MBA) with a Finance concentration and Bachelor of
Science in Business in Accounting and Finance, both from Wright
State University.
About Cronos Group Inc.
Cronos is an innovative global cannabinoid company committed to
building disruptive intellectual property by advancing cannabis
research, technology and product development. With a passion to
responsibly elevate the consumer experience, Cronos is building an
iconic brand portfolio. Cronos’ diverse international brand
portfolio includes Spinach®, PEACE NATURALS®, Lord Jones®, Happy
Dance® and PEACE+®. For more information about Cronos and its
brands, please visit: thecronosgroup.com.
Forward-looking Statements
This press release may contain information that may constitute
“forward-looking information” or “forward-looking statements”
within the meaning of applicable Canadian and U.S. securities laws
and court decisions (collectively, “Forward-looking Statements”).
All information contained herein that is not clearly historical in
nature may constitute Forward-looking Statements. In some cases,
Forward-looking Statements can be identified by the use of
forward-looking terminology such as “may”, “will”, “expect”,
“plan”, “anticipate”, “intend”, “potential”, “estimate”, “believe”
or the negative of these terms, or other similar expressions
intended to identify Forward-looking Statements. Some of the
Forward-looking Statements contained in this press release include
statements about Mr. Holm’s anticipated contributions to the
Company. Forward-looking Statements are necessarily based upon a
number of estimates and assumptions that, while considered
reasonable by management, are inherently subject to significant
business, economic and competitive risks, financial results,
results, performance or achievements expressed or implied by those
Forward-looking Statements and the Forward-looking Statements are
not guarantees of future performance. A discussion of some of the
material risks applicable to the Company can be found in the
Company’s Annual Report on Form 10-K for the year ended December
31, 2021 and Quarterly Report on Form 10-Q for the period ended
September 30, 2022, both have which been filed on SEDAR and EDGAR
and can be accessed at www.sedar.com and www.sec.gov/edgar,
respectively. Any Forward-looking Statement included in this press
release is made as of the date of this press release and, except as
required by law, Cronos disclaims any obligation to update or
revise any Forward-looking Statement. Readers are cautioned not to
put undue reliance on any Forward-looking Statement.
For further information, please contact:
Shayne LaidlawInvestor RelationsTel: (416)
504-0004investor.relations@thecronosgroup.com
Cronos (TSX:CRON)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cronos (TSX:CRON)
Historical Stock Chart
From Apr 2023 to Apr 2024