06:19:49 EDT Mon 26 Aug 2019
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Aphria Inc
Symbol C : APHA
Shares Issued 250,710,023
Close 2019-05-13 C$ 9.14
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Aphria president Ripshtein to quit, executives added

2019-05-14 07:57 ET - News Release

Mr. Irwin Simon reports


Aphria Inc. has made several new executive appointments including James Meiers to the role of chief operating officer, Aphria Leamington, Tim Purdie as chief information officer and chief information security officer, and Maureen Berry as vice-president, corporate human resources.

The company also announced that Jakob Ripshtein, Aphria's president, will resign from the company. Mr. Ripshtein will remain in his current role until June 7, 2019. His current responsibilities will be shared among the existing senior leadership team.

"On behalf of the board of directors and Aphria team, we thank Jakob for his contributions to the company over the past year and wish him well in his future endeavours. He has been instrumental in assembling the incredible team we are fortunate to have today that will carry his responsibilities forward," said Irwin D. Simon, interim chief executive officer of Aphria. "I am very pleased to welcome Jim and Maureen to Aphria, and to promote Tim. A top priority for us is to continue to build our executive talent and culture. We believe today's appointments demonstrate our commitment to adding depth, experience and leadership to our team as we further advance Aphria's strategic priorities in Canada and around the world."

"At Aphria, we remain focused on creating long-term shareholder value by leveraging our strong brand positioning, superior distribution model, product innovation, industrial-scale cultivation and automation, medical-use leadership, and our strategic global platform, which we intend to amplify using proceeds from the company's recent $350-million (U.S.) offering," continued Mr. Simon. "We are pleased to share that the ramp-up of our growing operations in parts 4 and 5 at Aphria One are progressing smoothly and Aphria One is on track to reach its annualized production capacity of 110,000 kilograms by the end of 2019."

Mr. Simon concluded, "We have great opportunities around the world, including the recent award of our cultivation licence in Germany, as well as in the U.S., where we are thoughtfully moving forward with strategic priorities to be in a position to succeed as the U.S. market evolves."

New executive bios

Mr. Meiers joins Aphria from The Hain Celestial Group Inc., a leading natural and organic products company with operations in North America, Europe, Asia and the Middle East, where he was a senior executive. Over his 14-year tenure at The Hain Celestial Group Inc., he held various executive roles including president, Celestial Seasonings, Hain Celestial Personal Care, chief executive officer, Hain Pure Protein, and chief supply chain officer of Hain Grocery & Snacks. He has over 30 years of supply chain experience and general management for consumer-packaged goods companies, including H.J. Heinz and Kraft Food.

With over 30 years of experience prior to joining Aphria, Mr. Purdie held successive executive leadership positions as chief operating officer, vice-president and chief information officer, director, as well as other senior management positions in well-known international companies such as Xede Consulting Group, Sandvine, Research In Motion (Blackberry) and OpenText. In addition, Mr. Purdie holds designations as certified information security manager, certified supply chain professional, lean six sigma black belt, master project manager, certified scrum master, and certified Rummler-Brache process improvement consultant.

Prior to joining Aphria, Ms. Berry spent 15 years as the corporate human resources executive at Canada Health Infoway. She's also held the roles of vice-president, human resources, for Certicom Corp., vice-president of human resources for NRX Global Corp. and vice-president, human resources consulting, for Mainstream Access Corp. She has worked at the national and international levels in structuring and managing human resource corporate and consulting functions. Her experience includes consulting and professional services with Coopers and Lybrand/PwC as well as with other firms in Canada.

About Aphria Inc.

Aphria is a leading global cannabis company driven by an unrelenting commitment to its people, product quality and innovation. Headquartered in Leamington, Ont. -- the greenhouse capital of Canada -- Aphria has been setting the standard for the low-cost production of high-quality cannabis at scale, grown in the most natural conditions possible. Focusing on untapped opportunities and backed by the latest technologies, Aphria is committed to bringing breakthrough innovation to the global cannabis market. The company's portfolio of brands is grounded in expertly researched consumer insights designed to meet the needs of every consumer segment.

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