(This is a developing story and will be updated.)
Ascend Wellness Holdings, a multistate operator headquartered in New York, announced Wednesday that founder Abner Kurtin will move from his role as chief executive officer to executive chairman of the board.
The announcement comes nearly three weeks after Kurtin was charged with battery in Florida, where he lives.
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Chief Financial Officer Daniel Neville and President and co-founder Frank Perullo will fill the role as co-CEOs on an interim basis, effective immediately.
Ascend’s board has retained an executive search company to assist in finding a new CEO to lead the company, according to a news release.
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“AWH has an incredibly strong foundation in place and remains well positioned to advance the goal of breaking down traditional walls in the cannabis marketplace and redefining the industry from the ground up,” the board said in a statement.
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