The third Kellogg executive to make the jump to cannabis..
Surterra Wellness, a fast-growing marijuana company based in Atlanta, on Tuesday announced it hireda highly paid executive from Kellogg Co. as chief financial officer.
He earned total compensation of roughly $3.1 million in 2018 before leaving Kellogg for Surterra, which recently closed on a $100 million share offering.Fareed Khan, the latest Kellogg exec to leave the Fortune 500 company for the cannabis sector, will be in charge of corporate finance, investor relations, taxes and shared services for Surterra.
Khan replaces current Surterra CFO James Whitcomb, who will take over the firms’ executive director of corporate development.
Khan is the third major executive to join the cannabis industry from Kellogg, a consumer packaged goods (CPG) firm that has a market cap of about $18.6 billion.