Sanford Brings Deep Advisory, Audit and Board
of Directors Experience to the Neptune Team
LAVAL,
QC, May 19, 2022 /CNW Telbec/ - Neptune
Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT)
(TSX: NEPT), a diversified and fully integrated health and wellness
company focused on plant-based, sustainable and purpose-driven
lifestyle brands, today announced that Phil
Sanford has joined the Neptune Board of Directors and will
serve as Audit Chair.
"We are so pleased to welcome Phil to Neptune's Board of
Directors as Audit Chair," said Julie
Phillips, Neptune's Chair of the Board. "Phil's depth and
breadth of experience in financial and strategic advisory
positions, combined with his first-hand knowledge of and passion
for Neptune's brands, make him a valuable partner as we continue to
position Neptune for long-term success."
Mr. Sanford previously served on the executive team at N3 LLC, a
global technology-enabled inside sales organization that was
acquired by Accenture in 2020. He has advised a number of leading
private equity firms and investment banks on mergers and
acquisitions and going-private transactions in the consumer sector.
This includes Bain Capital, Carlyle, Moelis, Blackstone, Kelso, Mid-Ocean
Partners, Morgan Stanley Private Equity and Morgan Stanley
Expansion Capital. He currently serves on the Advisory Board of
Morgan Stanley Expansion Capital Funds, as well as the Boards of
Ecentria, CMX and Image Skincare and formerly served as Chairman of
the Board of Sprout Organics. Mr. Sanford has previously served on
the Boards of Chattem, Inc and Caribou Coffee. He holds a Bachelor
of Science degree in Finance, Economics and Philosophy from
Austin Peay State University in
Clarksville, Tenn.
"I'm excited about the opportunities ahead for Neptune Wellness.
The company is well positioned for growth with a solid leadership
team at the helm and proven success in creating and launching
brands that appeal to the next generation of consumers," said
Sanford. "And as a former member of the Sprout Organics Board of
Directors, I have a deep understanding of the Sprout business and
look forward to applying those learnings to each of the Neptune
brands."
"Phil's breadth of experience aligns with where Neptune is today
and where we're heading. His history with Morgan Stanley will
benefit Neptune on our path to become a diversified consumer
packaged goods company," said Michael
Cammarata, Chief Executive Officer and President of Neptune.
"We're excited to have him on board to help us navigate this next
stage of growth."
The addition of Mr. Sanford as Audit Chair follows the
appointment of current Board of Directors Chair Julie Phillips who was appointed in February of
2022. These two seats further round out and strengthen the Neptune
Board's expertise in the next stage of the company's growth.
About Neptune Wellness Solutions
Inc.
Headquartered in Laval, Quebec,
Neptune is a diversified health and wellness company with a mission
to redefine health and wellness. Neptune is focused on building a
portfolio of high quality, affordable consumer products in response
to long-term secular trends and market demand for natural,
plant-based, sustainable and purpose-driven lifestyle brands. The
Company utilizes a highly flexible, cost-efficient manufacturing
and supply chain infrastructure that can be scaled to quickly adapt
to consumer demand and bring new products to market through its
mass retail partners and e-commerce channels. For additional
information, please visit: https://neptunewellness.com/.
Disclaimer – Safe Harbor
Forward–Looking Statements
Forward-looking statements contained in this press release
involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance and achievements of
Neptune Wellness Solutions to be materially different from any
future results, performance or achievements expressed or implied by
the said forward-looking statements.
Neither NASDAQ nor the Toronto Stock Exchange accepts
responsibility for the adequacy or accuracy of this
release.
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SOURCE Neptune Wellness Solutions Inc.