CannTrust Appoints New CEO
The CannTrust Holdings board of directors has appointed Greg Guyatt as the company’s chief executive officer (CEO).
Guyatt was previously CannTrust’s chief financial officer. He replaces interim CEO Robert Marcovitch, who will both remain with the company as non-executive chairman of the board of directors and resume his role as a member of the Special Committee. Marcovitch had assumed the role of CannTrust’s chairman and interim CEO in July 2019, following steps taken by the board of directors to remove senior personnel from the company who were believed to have caused or acquiesced in the company’s serious compliance failures and other transgressions related to the matters that were the subject of the Health Canada non-compliance reports.
These steps included the termination of the company’s former CEO for cause and the forced resignation of the company’s former chairman. During Marcovitch’s tenure as interim CEO, the company also took steps to improve the company’s corporate culture and regulatory compliance and to remediate its facilities.
Guyatt, who joined CannTrust in February 2019 as CFO, is a chartered professional accountant. He previously served as the CFO of GreenSpace Brands, Inc., a premium natural food product company, and brings nearly 25 years of experience leading finance teams from the consumer packaged goods, pharmaceutical, and private equity sectors. With Guyatt’s appointment, David Blair, currently the company’s vice-president of finance, will assume the role of interim CFO. The company has initiated a process to identify a permanent CFO.
