John
Moretz, current Chair of Neptune
Board of Directors, announces Board
retirement
LAVAL, QC,
Feb. 10,
2022 /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 that Julie
Phillips, a current member of Neptune's Board of Directors,
has been appointed as the Chair of Neptune's Board of
Directors.
![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/1743749/Neptune_Wellness_Solutions_Inc__Neptune_Appoints_Julie_Phillips.jpg)
"Julie has provided Neptune with valuable guidance and broad
industry connections as a Board member and we are excited as she
takes on a larger role in the strategic development of Neptune as
our first female Chair," said Michael
Cammarata, Chief Executive Officer and President of Neptune.
"Julie has the experience and forethought to ensure Neptune hits
its operational milestones and remains focused on creating new
opportunities for profitable growth while maintaining strong
principles of ESG management. We continue to push towards achieving
gender parity at Neptune, with women representing 45% of our
workforce in what is historically a male-dominated industry."
"It's an honor to guide Neptune as we position ourselves as a
leading CPG company structured for profitability, sustainability
and social responsibility," said Julie
Phillips, newly appointed Chair of Neptune's Board. "I'm
proud to represent the Company as it scales its high-growth
verticals while actively fostering an ESG-driven culture."
Ms. Philips currently serves as Vice President for Herschend
Entertainment Studios, the media and franchise arm of Herschend
Enterprises, which owns, operates, and manages family-oriented
theme parks, aquariums, attractions and hospitality properties in
the United States and Canada. Ms. Phillips has held strategic,
financial, and creative leadership roles and provided strategic
consulting for multiple media companies, as well as non-profit
organizations. In addition to Neptune Wellness Solutions, she
currently serves on the board for The Lane Thomas Foundation, which
is dedicated to supporting families of children needing life-saving
organ transplants. Ms. Phillips holds an MBA from Harvard Business School and a Bachelor of Arts in
Business Administration from Pepperdine University.
Ms. Phillips will succeed Neptune's prior Board of Directors
Chair, John Moretz, who announced
his retirement effective immediately. Over the last few months, Mr.
Moretz has been working with the Board and management team on
succession planning and to ensure a smooth transition in
anticipation of his retirement.
Mr. Moretz said, "I've had the privilege of serving as the Chair
of Neptune's Board over the past four years and on the Board of
Directors for the past nine, in which time we've transformed into a
diversified CPG company with exciting drivers across several
high-growth verticals. After our most recent strategic review, it's
clear that Neptune stands well-positioned, led by the most deeply
experienced executive team of my tenure. Having worked with Julie
over the last several months, I have the utmost confidence in her
ability to guide Neptune during this exciting new phase in the
Company history."
The Neptune team would like to thank Mr. Moretz for his
dedication and hard work during his nine years as a Director of the
Company – including his contribution to the Company's recent
strategic review – and wish him the best in his future
endeavors.
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.