AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) has announced the appointment of George Denardo as President of the company[8]. Key points include:
- Denardo, previously AYR’s Chief Operating Officer, will now oversee all company-wide operations, including retail, wholesale, purchasing, marketing, cultivation, and manufacturing[8].
- This promotion highlights Denardo’s contributions to AYR and the company’s commitment to operational improvements[8].
- During his tenure at AYR, Denardo has improved key cultivation and production metrics, streamlined the brand portfolio, and built a platform for launching new products[8].
- Interim CEO Steven M. Cohen expressed confidence in Denardo’s leadership and ability to create greater connectivity between various business functions[8].
- Denardo aims to generate value from AYR’s existing footprint by creating greater synergy between revenue and supply chain functions[8].
- AYR’s Board of Directors continues to search for a permanent CEO, with True Search leading the effort[7][8].
This appointment comes amid recent management changes at AYR, including the departure of former CEO David Goubert in September 2024[3][6][9] and the promotion of Jamie Mendola and Julie Winter to interim Co-Chief Revenue Officers in October 2024[7].
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