Hexo's Chief Financial Officer, Michael Monahan, has made the decision to resign, effective today.
“Since joining Hexo, it has become apparent that this job requires me to spend the majority of my time in Gatineau and in Ottawa. During this phase of rapid expansion, the Chief Financial Officer should be working very closely with all team members, in person. This isn’t possible for me at this time given my family’s needs and so I have decided to resign,” said Mr Monahan. “I’ve had a very rewarding time at Hexo and I will continue to assist the company as a consultant to ensure a smooth transition.”
Hexo Corp’s CEO has also announced that Stephen Burwash, who is currently Vice-President of Strategic Finance for the Company, has accepted the role of Chief Financial Officer.
“Although Michael has only been with HEXO a short time, he has made a valuable contribution to the Company,” said Sebastien St-Louis, CEO and co-founder of HEXO. “While I understand his reasons for his resignation, I am sorry to see him leave the Company. We’re pleased that he has agreed to provide consulting services to the Company to assist with the transition, and I am grateful for his expertise, advice and counsel. With that said, I am pleased that Stephen Burwash, who has a strong track record with the Company, is taking on the role of Chief Financial Officer.”