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Aurora CEO Miguel Martin takes on additional role as Executive Chairman of Board of Directors
ACBAurora(ACB) Prnewswire·2024-09-20 11:00

Core Viewpoint - Aurora Cannabis Inc. has announced a leadership transition with CEO Miguel Martin taking on the additional role of Executive Chairman, while outgoing Chairman Ron Funk has been appointed as Lead Independent Director, aiming to strengthen Board leadership and governance as the company pursues global growth [1][2][3]. Leadership Changes - Miguel Martin has been CEO since September 2020 and has successfully driven financial recovery and business transformation during his tenure [2]. - The Board believes that combining the CEO and Chairman roles will enhance leadership consistency and decision-making efficiency [3]. - Ron Funk, who has served as Chairman since 2021, will continue to provide independent leadership as Lead Independent Director [4]. Board Committee Changes - Michael Singer has been reappointed to the Audit Committee and the Human Resource and Compensation Committee, bringing valuable expertise after being considered independent again [5]. - Rajesh Uttamchandani has been appointed to the HRCC and the Nominating & Corporate Governance Committee, contributing his experience in governance and strategy [5]. Company Overview - Aurora Cannabis is a leading global medical cannabis company based in Canada, serving both medical and consumer markets across multiple regions including Canada, Europe, Australia, and South America [6]. - The company offers a diverse portfolio of brands in both adult-use and medical cannabis markets, emphasizing high-quality products and innovation [6].