HEXO Corp Announces appointment of Rose Marie Gage to its Board of Directors

Rhea-AI Summary

HEXO Corp has appointed Rose Marie Gage to its Board of Directors, increasing the board to seven members. Gage brings over 30 years of experience from multinational firms like Westinghouse and GE, focusing on business development, strategy, and governance. Dr. Michael Munzar, Chair of the Board, highlighted her operational effectiveness as crucial for HEXO's goals to achieve EPS positivity, expand market share in Canada, and grow U.S. operations. Gage holds significant qualifications, including a Chartered Director designation and certifications in Lean Six Sigma and Cyber-Security.

Positive

• Rose Marie Gage's extensive experience in strategic execution and operational effectiveness can enhance HEXO's leadership.
• The board expansion may provide fresh perspectives and improved governance.

Negative

• Potential concerns about continuity and experience gaps as the board changes.

OTTAWA, Jan. 14, 2021 (GLOBE NEWSWIRE) -- HEXO Corp. (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) is pleased to announce the appointment of Rose Marie Gage to its Board of Directors. Following the appointment of Ms. Gage, the Board will comprise of seven directors.

"We are pleased to welcome Rose Marie Gage to the HEXO Board," said Dr. Michael Munzar, Chair of the Board of Directors of HEXO. “Rose’s extensive experience with large multi-national companies, strategic execution and operational effectiveness will be invaluable as we continue to aggressively push to become EPS positive, increase market share across Canada and expand operations in the United States."

Ms. Gage has over 30 years of experience in business development, strategy, communications, execution and governance. During this time, she worked for several global multi-national enterprises, including Westinghouse, GE and Schneider Electric. Ms. Gage has held numerous executive roles including Chief Marketing Officer and most recently as Chief Executive Officer of Ag Energy, a provincially licensed energy retailer. She has in depth experience in working with corporations to enhance their bottom line and grow the top line through the application of strategic initiatives focused on customer needs. Ms. Gage is an inaugural member of the Conference Board of Canada’s Centre of Excellence for Women’s Advancement, and also served as Vice-Chair of the Women in Leadership Foundation.

Ms. Gage holds a Chartered Director designation and an Honours Bachelor of Commerce from McMaster University. She is certified as a Lean Six Sigma Quality leader and has received executive education from the Rotman School of Business and the Harvard School of Business. Ms. Gage also holds the Carnegie Mellon-NACD Cyber-Security Director Oversight Certification and was the recipient of the Director’s College 2018 Outstanding Achievement in Governance Award and the 2016 Diversity 50 Canadian Board Diversity Counsel Award.

About HEXO

HEXO Corp is an award-winning consumer packaged goods cannabis company that creates and distributes innovative products to serve the global cannabis market. The Company serves the Canadian adult-use markets under its HEXO Cannabis, Up Cannabis and Original Stash brands, and the medical market under HEXO medical cannabis. For more information please visit hexocorp.com.

Forward Looking Statements

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors that could cause actual events, results, performance and achievements to differ materially from those anticipated in these forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.

Investor Relations:
invest@HEXO.com
www.hexocorp.com

Media Relations:
(819) 317-0526
media@hexo.com

FAQ

Who is Rose Marie Gage and what is her role at HEXO?

Rose Marie Gage has been appointed to the Board of Directors of HEXO Corp, bringing over 30 years of experience in business development and governance.

What experience does Rose Marie Gage bring to HEXO?

Gage has worked with multinational companies like Westinghouse and GE, holding executive roles that focus on strategic initiatives and operations.

How many members are on HEXO's Board of Directors after the recent appointment?

With Rose Marie Gage's appointment, HEXO's Board of Directors now comprises seven members.

What are HEXO's goals mentioned in the press release?

HEXO aims to achieve earnings per share (EPS) positivity, increase market share in Canada, and expand its operations in the U.S.

What qualifications does Rose Marie Gage hold?

Gage holds a Chartered Director designation, an Honours Bachelor of Commerce, and additional certifications in Lean Six Sigma and Cyber-Security.