Ascend Wellness announced changes to its Board of Directors in connection with the Company's ongoing leadership transition. Effective immediately, Dan Neville, AWH's Interim Co-Chief Executive Officer and Chief Financial Officer, and Joshua Gold, Independent, have been appointed to the Board of Directors. In addition, Emily Paxhia has submitted her resignation from the Board.
Mr. Gold will become chair of the Audit Committee and a member of the Compensation & Corporate Governance Committees. Scott Swid will now serve as Chair of the Compensation & Corporate Governance Committee and will remain a member of the Audit Committee.
"On behalf of the Board and everyone at AWH, we would like to thank Emily for her contributions and dedication during her tenure here. Emily was one of our earlier investors and has supported Ascend from the beginning. We wish her the very best in her continued leadership in the industry," said Abner Kurtin, Executive Chairman of Ascend.
Ms. Paxhia's resignation letter indicated that her decision to resign from the Board is not the result of any disagreement with the Corporation's operations, policies, or practices.
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Ascend Wellness Holdings