Silcock Brings Proven Experience in
Transformational Growth to the Neptune Team
LAVAL,
QC, June 14, 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 the appointment of Raymond Silcock as Chief Financial Officer,
effective July 25, 2022.
"We are pleased to have Ray join Neptune's executive team,
bringing with him more than 25 years of experience as a CFO of both
public and private companies and a successful track record of
leading companies through strategic transitions," said Michael Cammarata, Chief Executive Officer and
President of Neptune. "Ray's ability to unlock shareholder value by
quickly identifying cost efficiencies and driving performance will
be pivotal as we continue to position Neptune for long-term success
and growth."
"I'm really looking forward to joining the Neptune team at this
pivotal moment. I see huge opportunity ahead for Neptune as a
diversified CPG company, as proven by the initial successes of its
consumer brands," said Silcock. "The Company's needs as it enters
this next stage of growth closely align with my past experiences,
and I am eager to apply my knowledge to help Neptune unlock its
full potential."
Mr. Silcock, who will be based out of Neptune's Jupiter, Florida office, previously served as
Executive Vice President and Chief Financial Officer at Perrigo
Plc, as well as CFO at Diamond Foods, The Great Atlantic and
Pacific Tea Company, US Tobacco Inc., and Cott Corporation, along
with various positions at Campbell Soup Company. In addition, he
has previously served as Chair of both Audit and Strategy
Committees on several Boards including Pinnacle Foods Inc, American
Italian Pasta Company, Prestige Brands and Bacardi Limited. Mr.
Silcock received an MBA from the Wharton School of the University of Pennsylvania and is a Fellow of the
Chartered Institute of Management Accountants (FCMA UK).
"Since last fall, Neptune has been searching for a CFO with the
right caliber of experience to formally join the executive team. I,
along with the rest of the Board, believe that Ray's deep expertise
in the CPG industry and success in navigating strategic change
makes him the perfect fit for Neptune and its future," said
Julie Phillips, Neptune's Chair of
the Board. "Working in close partnership with Michael, Ray will
have a key role to play in building investor confidence and guiding
Neptune on its path to profitability."
Mr. Silcock will succeed Randy
Weaver, who has served as Interim Chief Financial Officer
since September 2021. The Neptune
team would like to thank Mr. Weaver for his leadership over these
past months, including during the recent strategic review.
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.