LAVAL, QC, Sept. 27, 2021 /PRNewswire/ -
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
the appointment of Randy Weaver as
Interim Chief Financial Officer while retaining Dr. Toni Rinow as Chief Operating Officer.
![Neptune Wellness Solutions Inc. Logo (CNW Group/Neptune Wellness Solutions Inc.) Neptune Wellness Solutions Inc. Logo (CNW Group/Neptune Wellness Solutions Inc.)](https://mma.prnewswire.com/media/1634815/Neptune_Wellness_Solutions_Inc__Neptune_Wellness_Appoints_Randy.jpg)
Mr. Weaver joins Neptune as Interim Chief Financial Officer with
a successful track record of leading numerous CPG companies as a
senior executive, bringing the knowledge and experience to help
Neptune build a solid foundation of growth. Randy will work closely
with members of management to improve Neptune's cost structure and
unlock areas of opportunity within the Company to deliver
profitable growth across its brand units. The addition of Mr.
Weaver will allow Dr. Rinow to exclusively focus on her role as
Chief Operating Officer and enable the Company to streamline
operational responsibilities and execute its growth plans.
Michael Cammarata, President and
Chief Executive Officer of Neptune Wellness, said, "We are thrilled
to have Randy join our executive team and leverage his expertise in
scaling businesses to manage Neptune's growth with a focus on
profitability. With the separation of our CFO and COO roles, we are
well-positioned to maximize shareholder value through operational
execution and cost structure improvements."
Randy Weaver, incoming Interim
Chief Financial Officer of Neptune Wellness, commented, "Neptune is
at a crucial inflection point following its transformation into a
growth-oriented and diversified CPG company. As we accelerate our
topline momentum across several verticals, my focus will be on
managing profitability and unlocking areas of opportunity within
Neptune while we penetrate exciting new markets."
Mr. Weaver was previously the President and Chief Financial
Officer of Natural Alternatives International, Inc. (NASDAQ: NAII),
where he coordinated a turnaround plan involving substantial cost
cutting, restructured the management team and calmed an unsettled
customer and investor base, ultimately generating substantial stock
appreciation and sustainable profit. Prior to that role, Mr.
Weaver organized and spearheaded the growth of a U.S. food
manufacturer from $50 million to
$700 million in sales as the Chief
Financial Officer.
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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/neptune-wellness-appoints-randy-weaver-as-interim-chief-financial-officer-and-retains-dr-toni-rinow-as-chief-operating-officer-301385315.html
SOURCE Neptune Wellness Solutions Inc.