Constellation put their man in charge at Canopy with CEO appointment

CNBC in their key points write

  • The move strengthens the Corona beer maker’s control of a company, into which it has sunk $4 billion.
  • Klein was appointed Canopy chairman in October after Constellation booked a $430 million net loss related to the company. He replaces company co-CEO Mark Zekulin who took over the top job from founder Bruce Linton in July.Constellation Brands finance head David Klein will take over in January as chief executive officer of pot producer Canopy Growth, hardening up the Corona beer maker’s control of a company into which it has sunk $4 billion.

    Klein was appointed Canopy chairman in October after Constellation booked a $430 million net loss related to the company. He replaces Mark Zekulin, who became the company’s sole head after co-CEO Bruce Linton resigned in July.

    Read full piece at  https://www.cnbc.com/2019/12/09/canopy-growth-appoints-constellations-david-klein-as-ceo.html

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