Canopy Growth Taps Luc Mongeau as Next CEO

Dow Jones11-26

By Adriano Marchese

Canopy Growth said Tuesday that it has appointed Luc Mongeau to succeed outgoing Chief Executive David Klein, effective in the new year.

Mongeau brings with him a wealth of experience, the Smiths Falls, Ontario-based cannabis company said, with over 25 years of experience as a senior executive. Most recently he was the CEO of ESolutions Furniture.

Previously, he held the role of President for Weston Foods, a Canadian bakery, as well as President of Mars Petcare North America, the core business unit of a large pet-care company.

He joined the Canopy board in early 2023 as an observer, and then became a board member in February of this year.

Klein will continue in his role as CEO and a director until the effective date of Mongeau's appointment on Jan. 6, after which he will shift into a special adviser role until the end of August.

Klein had been in the CEO role for four years when he announced his retirement in August.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 26, 2024 07:45 ET (12:45 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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