Ascend Wellness, a multi-state, vertically integrated cannabis operator, announced significant leadership changes as it continues to align its operations with its long-term strategic goals and financial priorities. As part of this transition, John Hartmann will no longer serve as Chief Executive Officer, and Mark Cassebaum has been terminated as Chief Financial Officer, effective immediately.
The Board of Directors has appointed current director Samuel Brill as Chief Executive Officer. Brill brings experience in the cannabis space and an understanding of the company's financial and strategic priorities as well as robust capital markets knowledge. During his tenure on the Board of Directors, Brill helped guide the company through its recently announced refinancing transaction.
Francis Perullo, co-founder and current director, has been appointed as President.
Roman Nemchenko, previously Chief Accounting Officer, has been appointed as Chief Financial Officer. In his expanded role, Nemchenko will lead the company's financial operations, with a focus on improving margins, cash flow, and driving financial excellence. During his tenure as CAO, Nemchenko built out the company's accounting and financial operations, led the company through its initial public offering, numerous M&A transactions and the Company's tax and U.S. Securities and Exchange Commission compliance requirements.
