Charlotte's Web appoints Angela McElwee to board of directors

Charlotte's Web Holdings, active in hemp CBD extract products, appoints Angela McElwee to its Board of Directors.

Angela McElwee is a seasoned executive with expertise in building businesses and brands within the natural products industry. For more than 30 years, she has held leadership positions with wellness-centric consumer packaged goods ("CPG") organizations.

From April 2008 to January 2021, she was an executive at Gaia Herbs, Inc. ("Gaia"), where she also served on the Board of Directors from 2013-2021. Gaia Herbs is an award-winning natural herbal products brand offering more than 200 quality herbal products in North America. From 2016 to 2021, she served as President and Chief Executive Officer of Gaia, delivering catalytic growth on both the top and bottom line, as well as leading the conversion to a B Corporation. Her tenure as CEO led to her being named one of RealLeaders 100 Women in Impact, as well as to the prestigious Inc. Best of Business list in 2020 for inspiration and innovation.

Prior to her tenure at Gaia, she led the US sales organization at Nature's Way Products, LLC. She currently serves on the Board of Directors of Cyanotech Inc., a Nasdaq-listed company, where she serves on the Audit Committee. Other board roles include venture capital-backed businesses, including Reunion Foods Inc. and Nuts for Cheese Inc., as well as the non-profit Naturally Network. As an advisor and board member, Angela excels at helping brands, teams, and individuals stretch, grow, and succeed in times of rapid change and growth. Ms. McElwee's deep experience in the natural products and CPG industry gives her a unique insight into Charlotte's Web's business and the competitive landscape. She holds a B.S. in Biology from Miami University.

"Angela has an excellent track record of profitably scaling vertically integrated brands with effective go-to-market strategies and channel management," said John Held, Chairman of Charlotte's Web. "She also brings extensive knowledge in marketing mission-driven companies as a force for good, both through executive leadership and board seats."

Ms. McElwee will serve on the Compensation Committee of the Board.