Mr. Lawrence Wilder reports
ACASTA ANNOUNCES BOARD CHANGES AND NEW CO-CEOS
Acasta Enterprises Inc. has agreed
with Charles Wachsberg and Richard Wachsberg, who together own
approximately 36 per cent of Acasta and are the co-founders of Apollo Health and
Beauty Care, to replace the board of directors.
The current board and the Wachsbergs were not able to agree on a strategy
going forward, and, accordingly, Geoff Beattie, Robert Schwartz and Jay
Swartz have stepped down as Acasta directors, and Ian Kidson has stepped
down as interim chief executive officer and director.
Stan Bharti, Carlo LiVolsi, Jeffrey Spiegelman, Richard Wachsberg and
Charles Wachsberg have joined the board. The new board has appointed the
Wachsbergs as co-chief executive officers of Acasta.
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