Charlotte's Web Appoints Former Bacardi Chief Administration Officer Jacques Tortoroli to Board of Directors

The appointment deepens the company's financial and international CPG brand experience.

Subscribe

BOULDER, CO, Nov. 14, 2019 /CNW/ - PRESS RELEASE - Charlotte's Web Holdings, Inc. a hemp CBD extract products company, has announced the appointment of Jacques Tortoroli to its Board of Directors.

Tortoroli, who most recently served as Chief Administration Officer of Bacardi Limited in Bermuda, brings extensive global experience in finance and operations at both private and public companies. As CAO of Bacardi, the largest privately held spirits company in the world, he was a member of the Global Leadership Team and responsible for global finance, operations, information technology and real estate.

Before joining Bacardi in 2014, Tortoroli had spent more than a decade at Viacom, Inc. He held a number of senior finance roles at the multinational entertainment company, most recently serving as both Executive Vice President of Finance for Viacom and as EVP and Chief Financial Officer for Viacom Media Networks, formerly MTV Networks. Prior to that, he held various executive leadership roles at Young & Rubicam, Inc., PepsiCo, Inc., and KPMG.

Tortoroli also recently accepted a position as Executive in Residence and Lecturer at St. Thomas Aquinas College in New York. He has been a member of the college's Board of Trustees since 2001, serving on the Audit Committee and the Investment & Finance Committee. Tortoroli previously served as a Board Member of the International Baccalaureate, as head of the Audit and Finance Committee and member of the Compensation Committee, Geneva and Cardiff.

"Jacques' appointment is timely, with the company exploring plans to expand globally as the market leader in CBD products," said Charlotte's Web Chairman of the Board and Co-Founder Joel Stanley. "His deep financial knowledge and breadth of international experience in public and private companies will make an important contribution during our next phase of growth."

Tortoroli stated, "I am honored to serve on the Charlotte's Web Board of Directors. It's an exciting time in the growing CBD industry, and Charlotte's Web has earned its dominant market position through a combination of innovative products and world class executive talent."

Tortoroli, who will serve on the Compensation and Audit Committees, brings the number of Directors to seven. In addition to Joel Stanley, he joins Jared Stanley, the Company's Co-Founder and Vice President of Cultivation Operations; Charlotte's Web CEO Deanie Elsner; John Held, Executive Vice President, General Counsel, and Secretary of Omega Protein Corporation; William West, Co-Founder and President of Tesseract Medical Research; and Shane Hoyne, Managing Director & Chief Marketing Officer of Quintessential Brands Group.