Resignation

Barry McCarthy, CEO of Peloton Interactive, Inc (NASDAQ:PTON), has stepped down from his position. The company also announced a 15% cut in its global workforce, attributing the decision to a slump in demand for its fitness products in the post-pandemic era. What Happened: McCarthy’s...

In an unexpected twist on social media, Gary Gensler, the Chair of the U.S. Securities and Exchange Commission (SEC), set off a flurry of speculation with a post that many interpreted as a prelude to his resignation. What Happened: Gensler took to X, formerly Twitter, with a message that seemed to...

John Kerry, the U.S. special envoy on climate, reportedly plans to resign from his position in the Biden administration in the coming weeks. What Happened: Kerry, who was appointed to the role shortly after President Joe Biden’s election in November 2020, has informed the President of his...

The Sphere Entertainment Co. (NYSE:SPHR) is grappling with a hefty $98.4 million operating loss from its Las Vegas Sphere venue. Further darkening the company’s outlook, CFO Gautam Ranji has stepped down from his position. What Happened: As reported by USA Today, the Las Vegas Sphere,...

Sheryl Sandberg resigned from Meta Platforms Inc (NASDAQ: META) as COO last week after 14 years with the organization.  In an interview with Bloomberg, Sandberg called her time at Meta the "honor and privilege of a lifetime" but joked that it's also "not the most...

Ikänik Farms, Inc. (CSE: IKNK.U) (FSE: DFMA) has announced that Brian Baca has tendered his resignation as CEO and director of the company effectively immediately. Borja Sanz De Madrid has been appointed interim CEO. In addition, J.J. Thomas has also resigned as a director of the company. Sanz...

Nevada-focused cannabis consumer packaged goods company 1933 Industries Inc. (CSE: TGIF) (OTCQB: TGIFF) announced the resignation of Mark Baynes from its board of directors. The company wishes to thank Mr. Baynes for his valuable contributions over the past three years. The Vancouver-based company...

Cannabis retailer MedMen Enterprises Inc. (CSE: MMEN) (OTCQB: MMNFF) announced that Tracy McCourt, the company's chief revenue officer opted to resign, effective March 4. "We appreciate Tracy's contributions to the organization these past 14 months and wish her well in her future...

The year has kicked off to a strong start. Here’s a summary of the latest company shakeups within the cannabis industry. Australis Capital Hires New CFO Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) has hired a seasoned financial expert Jon Paul to serve as its new CFO. Paul has four...

New York-based iAnthus Capital Holdings, Inc. (CSE: IAN) (PINK: ITHUF) has lost another director.  The cannabis company confirmed Thursday it has parted ways with Joy Chen, who opted to resign after serving on the iAnthus board for a year. The board initially counted five...

Green Growth Brands Inc., which has been experiencing shake-ups for months due to the current health crisis, confirmed that Randy Whitaker resigned from the interim chief executive officer's role. The decision is effective Wednesday, Sept. 30, the press release said. The Columbus,...

Malta’s Prime Minister Joseph Muscat announced on Sunday that he would step down from his post, The Times of Malta reported. What Happened In a televised address to the nation, Muscat said he would resign from his post as the leader of the ruling Labour Party on January 12, and as the...