CAN (NB): Organigram CEO to step down shortly after BAT investment

Organigram Holdings Inc. said Monday that Greg Engel is stepping down from his role as chief executive officer of the pot producer, effectively immediately.

The company didn't provide a reason why Engel, who held the top position at the Moncton, N.B.-based company since 2017, resigned two months after he secured an investment from a major tobacco company.

In the interim, Organigram Chairman Peter Amirault will serve as executive chair until a permanent CEO is appointed. Engel will work as a special advisor to Organigram's board until his successor is found.

"Greg has brought innovative leadership as the company created new structures around operations and increased capacity to serve the growing marketplace, while ensuring our successful launch into the adult recreational cannabis space and bringing leading innovative new platforms and edible products to the marketplace," said Geoff Machum, who was appointed Monday as an independent lead director on Organigram's board, in a statement.

Read more at bnnbloomberg.ca


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