Organigram CEO Steps Down
MONCTON – Greg Engel has stepped down from his role as CEO of Organigram, effective immediately, according to a release from the company’s board of directors on Monday. Engel has served as CEO of Organigram since 2017.
He will remain a part of the board as a special advisor as the company transitions to new leadership. The reason for his departure has not been disclosed.
As the company searches for a new CEO, Peter Amirault, board chairman, will serve as executive chair to oversee day-to-day management. Geoff Machum, chair of the board’s Governance and Nominating Committee, will act as the independent lead director.
“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 Machum in a release.
“Greg has also helped guide the Company during a global pandemic and through a period of significant change within our sector, one in which he is a recognized leader. We are pleased that he will continue to serve as special advisor to the Board through this period of transition,” he said.
Organigram is a producer of cannabis for both medical and recreational users. They were founded in 2013 and have developed recreational brands including The Edison Cannabis Company, SHRED, and Trailblazer. They are based in Moncton with another manufacturing facility in Winnipeg, Manitoba.
“We are equally pleased that Peter Amirault will be leading Organigram as executive chair, while we begin a search process for a permanent CEO,” said Machum. “Peter has served as chair since 2017 and has deep senior and executive leadership experience in consumer packaged goods and during his tenure he has demonstrated strong governance leadership skills and excellent business acumen.”
Liam Floyd is a reporter for Huddle. Send him story suggestions: [email protected].