Elixinol Makes Changes to Board of Directors

Elixinol has added Oliver Horn to the company as a non-executive Board Director, while previous board members have resigned.

Elixinol Global Limited (ASX:EXL) today announced changes to its Board to prepare the Company for its next phase of growth and global expansion.

The Company is pleased to announce the appointment of Oliver Horn as a non-Executive Board Director, effective immediately. Until recently Mr Oliver Horn headed Australia's leading vitamins and supplements business Swisse Wellness as CEO ANZ & North America. Through his time at Swisse Wellness he operated across all global markets Elixinol Global currently has a presence in and brings deep commercial, marketing and category experience with him.

Mr Horn is a seasoned sales & marketing leader having started his CPG career with L'Oreal in the U.K. before moving to Treasury Wine Estates where he held numerous global leadership positions. Mr Horn also brings with him a solid grounding in corporate finance having started his career at Deutsche Bank in Germany. The Company further announces that Elixinol founder Paul Benhaim will take a more active role and has been appointed as Chairman of the Board.

Andrew Duff has resigned from his role as Chairman of the Board and Non-Executive Director Greg Ellery has also resigned from the position of Non-Executive Board Director.

New Chairman of the Board, Mr Paul Benhaim, said: "This is an exciting time for Elixinol Global despite the challenging global environment to which we all need to adapt to."

We are rapidly broadening our customer reach and extending our Elixinol brand portfolio signaling a new phase of growth for our now more focused business. Paul Benhaim, Chairman of the board on Elixinol

These board changes support our future focus by adding crucial new capability. We are delighted to have Mr Oliver Horn join the Board as Non-Executive Director. Mr. Horn has a track record for leading global businesses in related categories, brings strong commercial experience and has a track record for building strong premium consumer brands.

Following the recent new brand launch of our essential manufacturing and distribution business in the USA and Europe & UK, these appointments are a natural next step in the Company's renewal and reset process and have only been made possible by the very strong foundations the previous board and management have put in place. We are grateful to our former chairman Andrew Duff and Non-Executive Director Greg Ellery for their leadership contributions. Together with our CEO Stratos and Elixinol's management, they've created a more focused, streamlined and consumer-oriented business with sound operational fundamentals.

I am now looking forward to again playing a more active role in the Company that I founded and working together with Stratos and our new Non-Executive Board member Mr Oliver Horn in realising our vision of becoming a world leading CBD company." This document was authorised to be given to the ASX by the Board of the Company.

To learn more about Elixinol, visit the company HQ here.

Disclaimer: Past performance is not an indicator of future performance.

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Louis O'Neill
Louis O'Neill

Louis is a writer based in Sydney with a focus on social and political issues. Having interviewed local politicians and entrepreneurs, Louis now focuses on cannabis culture, legislation & reform.

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