Canopy Growth CFO Mike Lee and President/CPO Rade Kovacevic step down; interim successors named

Canopy Growth Corp

Mike Lee (CFO) and Rade Kovacevic (President/CPO) stepped down effective Nov 18, 2021; depart company Dec 31, 2021.
Judy Hong appointed interim CFO; Tara Rozalowsky interim CPO. External search launched for permanent roles.
Hong receives $25,000 monthly bonus for interim; no change to base compensation or incentive targets.
Departures not due to any disagreement over financial disclosure, accounting policies, or internal controls.
Lee and Kovacevic will serve in advisory capacity through December 31 to support transition.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Rade Kovacevic

President and Chief Product Officer

CGC · Canopy Growth Corp

Effective: 2021-11-18
Filed: November 24, 2021, 6:59 PM ET

Rade Kovacevic, President and Chief Product Officer of the Company, stepped down from their respective roles on the Executive Management Committee and as officers of the Company, effective November 18, 2021

Appointed (interim)

Judy Hong

Interim Chief Financial Officer

CGC · Canopy Growth Corp

Effective: 2021-11-18
Filed: November 24, 2021, 6:59 PM ET

Judy Hong, the Company’s Vice President, Investor Relations & Competitive Intelligence, was appointed to serve as Interim Chief Financial Officer.

Departed

Mike Lee

Executive Vice President and Chief Financial Officer

CGC · Canopy Growth Corp

Effective: 2021-11-18
Successor: Judy Hong
Filed: November 24, 2021, 6:59 PM ET

Mike Lee, Executive Vice President and Chief Financial Officer of the Company, and Rade Kovacevic, President and Chief Product Officer of the Company, stepped down from their respective roles on the Executive Management Committee and as officers of the Company, effective November 18, 2021

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Rade Kovacevic departed as President and Chief Product Officer at Canopy Growth Corp.

Action: stepped down
Role: President and Chief Product Officer

Exact text from the filing

Rade Kovacevic, President and Chief Product Officer of the Company, stepped down from their respective roles on the Executive Management Committee and as officers of the Company, effective November 18, 2021

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Judy Hong was appointed as Interim Chief Financial Officer at Canopy Growth Corp.

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

Judy Hong, the Company’s Vice President, Investor Relations & Competitive Intelligence, was appointed to serve as Interim Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mike Lee departed as Executive Vice President and Chief Financial Officer at Canopy Growth Corp.

Action: stepped down
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

Mike Lee, Executive Vice President and Chief Financial Officer of the Company, and Rade Kovacevic, President and Chief Product Officer of the Company, stepped down from their respective roles on the Executive Management Committee and as officers of the Company, effective November 18, 2021

View on SEC.gov

Canopy Growth Corp filing history →

Source: SEC EDGAR

accession 0001193125-21-340492

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