For the second time in as many days, a cannabis company has replaced its CEO. On Wednesday, Canada-based Cronos Group (NASDAQ: CRON) announced the appointment of Kurt Schmidt as CEO and president, effective immediately.
Schmidt, a 30-plus year veteran of the consumer goods industry both in North America and abroad, is an external hire. Previously, he served as CEO of Blue Buffalo and Gerber. Prior to that, he was in various managerial positions elsewhere in the sector, including at the conglomerate now known as Kraft Heinz. He also has a seat on the board of directors of Campbell Soup.
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Source Fool.com