Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements with
Certain Officers
On
March 4, 2022, the Company’s Board of Directors appointed Rajiv Rai and Daryl Simon as directors of the Company, with immediate
effect, to serve until the next election of directors. The following are the biographies of the newly-appointed directors:
Rajiv
“Roger” Rai (51)
Mr.
Rai was appointed a director of the Company on March 4, 2022, having previously served as a director of the Company from May 2018 to
February 2019. In his capacity as Special Advisor to the Chairman at Rogers Communications, Roger Rai advises Edward Rogers, who is the
representative controlling shareholder of Rogers Communications (TSX:RCI.b), on business development, revenue development, partnership
development, talent development and sports. Previously, Roger was the Managing Director for E.S. Rogers Enterprises from 2004 to 2018.
In that capacity, he gained extensive experience in strategic management services, including business processes assessment and advisory
services.
Roger
is currently the President of R3 Concepts Inc., a consulting and investments company located in Toronto, Canada. Since 2012, he has also
served as an advisor to Chobani, Inc., a retail food services company.
From
2010 to 2016, Roger was the Vice President, Business Development, Keek Inc. (TSXV:KEK). In this capacity, Roger was responsible for all
new business and partnership development at the Company.
Before
Keek Inc., Roger was the Director of Development at C.O.R.E. Feature Animation, a Company that produced the children’s animation
movie “The Wild.” He was the Founder and VP, Business Development of Fastvibe Inc., a web-streaming equipment and services
company located in Toronto. Roger also held various managerial positions at Rogers Cable Systems and Rogers Wireless, one Canada’s
largest Communications companies.
Roger
sits on the Board of Directors for CONSTANTINE Enterprises Inc., a privately held real estate Company based in Toronto, with operations
in Canada and the Bahamas.
He
is one of the founders and on the Board of Directors for the ONEXONE Foundation, a charitable organization focused on global child welfare.
Roger
holds a Bachelor of Arts from the University of Western Ontario and lives in Toronto.
Daryl
Simon (59)
Mrs.
Simon was appointed a director of the Company on March 4, 2020. She is an entrepreneur, philanthropist, and lifelong advocate for the
arts and education. As an entrepreneur, Ms. Simon has built brands and led businesses in various capacities, including
business development, marketing, and sales across international markets.
Prior
to joining the Board, Ms. Simon was an Advisory Board Member at Stem. Previously, Ms. Simon was a Director at The Hain Celestial
Group, Inc., a global pioneer and leading organic and natural products company with operations in North America, Europe, and India
with best-in-class brands including Celestial Seasonings®, Earth’s Best®, Sensible Portions®, Terra® Chips,
Imagine®, JASON®, Avalon Organics®, and Alba Botanica®. At Hain Celestial, Ms. Simon was responsible for the Company’s
international business development and global expansion into Asia, including India, the Middle East, and Latin America including
Mexico. Today Hain Celestial Group is $2.7 billion in net sales, and international sales represent approximately 40% of the Company’s
business. Prior to Hain Celestial, Ms. Simon helped build international apparel companies, including Cherokee Inc., Unique
Clothing Company, Memphis Apparel, and the Haggar Clothing Company.
Ms.
Simon’s passion for advocacy in education and arts includes working with the Stephen Gaynor School, the Riverdale Country
Day School, The Bowery Mission, the New York Rita Hayworth Gala, VIA Art Fund, and the creator of FORK IT, an annual event and fundraiser
for the Alzheimer’s Association.