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Green Organic Dutchman Holdings Ltd (The)
Symbol TGOD
Shares Issued 190,611,657
Close 2018-06-29 C$ 6.48
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Green Organic Dutchman Holdings CEO Anderson resigns

2018-07-03 08:19 ET - News Release

Mr. Jeff Scott reports


The Green Organic Dutchman Holdings Ltd. chief executive officer, co-chairman and director Robert Anderson has resigned, effective immediately, due to health concerns.

To ensure an orderly transition and continued rapid execution on the company's business strategy, the board has appointed Brian Athaide, the company's current chief financial officer, to the position of CEO. Mr. Athaide has 29 years of global executive experience including CFO and executive vice-president, human resources and information technology, of Andrew Peller Ltd., the largest publicly traded wine and craft alcohol producer in Canada. Mr. Athaide's focus on value creation helped enable the stock price to increase to 400 per cent in only three years. Previous to Andrew Peller, Mr. Athaide spent 25 years at Proctor & Gamble Co., moving through progressively more senior positions across eight countries, culminating as the finance director and CFO of the multibillion-dollar consumer products business across Russia, Ukraine and central Asian markets.

Mr. Athaide has significant consumer products experience in North America, Europe, Asia and Latin America leading acquisition integrations, developing corporate strategy, managing foreign exchange devaluations, banking crises, economic and political turmoil, and high market volatility. Mr. Athaide managed to navigate all of these experiences decisively and effectively, finding new and innovative ways to achieve success, even in challenging market conditions.

The board has also appointed Julia Golubovskaya, vice-president, finance, as interim CFO. Ms. Golubovskaya has over 18 years of experience in consumer products, having worked with Proctor & Gamble in Canada, the United States and Russia. She has led multinational and multicultural teams in diverse financial fields across various categories and geographies. Ms. Golubovskaya has a proven ability to lead and adapt to change in challenging environments while surpassing financial goals, organizational engagement and productivity targets.

Mr. Anderson will continue to be available to assist the company as required. The board of directors, management team and all staff wish to thank Mr. Anderson for his tireless efforts and valuable contributions to the rapid and successful growth of the company and wish him a successful recovery. Once Mr. Anderson has fully recovered, the company would welcome his return in any suitable capacity.

"I feel privileged to take on this new role as CEO and ensure the company delivers on its aggressive yet derisked business plan. TGOD has assembled an incredible leadership team with a diverse skill set across all aspects of our business including finance, M&A, sales, international markets, branding, marketing and operations. The operational and capital market aspects of the business are in exceptional hands and we will continue to execute on Rob's vision of becoming the largest, most valuable organic cannabis brand in the world," said Mr. Athaide.

Jeff Scott, currently serving as co-chair, will assume the role of chairman of the board.

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings is a research and development company licensed under the Access to Cannabis for Medical Purposes Regulations (ACMPR) to cultivate medical cannabis. The company carries out its principal activities producing cannabis from its facilities in Ancaster, Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.

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