MELBOURNE: Althea Group Holdings Ltd. (ASX:AGH), a global leader in THC beverage production, announced the immediate resignation of CEO and Director Joshua Fegan, with transition plans now underway.
Fegan, who founded Althea and led the company since its inception, is credited with advancing medicinal cannabis access in Australia and the UK. His tenure also marked the company’s strategic entry into North American THC beverage markets. He will remain available during the executive handover period.
The board has appointed Barry Katzman as Interim CEO. Katzman, currently the Managing Director of Peak Processing Solutions, brings over two decades of senior leadership experience in the North American alcoholic beverage industry. Under his leadership, Peak tripled its revenues over two and a half years.
“There is genuine purpose and strong foundations in place,” said Fegan. “I leave the business with a bright future.”
The board will consider long-term leadership plans in due course.