Steven M. Cohen has stepped down as the Interim Chief Executive Officer of AYR Wellness.
The AYR board of directors has appointed Scott Davido as Interim Chief Executive Officer. Mr. Cohen served as Interim Chief Executive Officer from September 18, 2024, and will remain engaged as an advisor to the Company to support this transition.
"The Board would like to extend our thanks to Steven for his time as interim CEO of AYR, during which he kicked off a crucial period of evolution for the organization, and for all of his ongoing support for the Company. We appreciate Steven's willingness to stay on as an advisor to the Company as we continue to execute on our strategic initiatives," said Louis Karger, Chairman of the Board. "We also want to welcome Scott as AYR's new interim CEO, bringing with him a track record of positioning companies for sustained success and executing on strategic initiatives. With this leadership transition, we look forward to AYR taking its next steps."
"I have appreciated the opportunity to lead AYR over the past few months, working closely with the leadership team and the Board to implement key changes needed to set the Company up for future success," said Mr. Cohen.
"I am excited to join AYR and I look forward to working with the Board, the leadership team and all AYR associates to develop and implement a series of strategic, operational and financial initiatives to take the business to a new level of success," said Mr. Davido.
For more information:
Ayr Wellness
www.ayrwellness.com