IRVINE, Calif., Sept. 27, 2021 – PRESS RELEASE – Medterra, one of America's most trusted CBD brands, which grew to $50 million in annual revenue over four years, announced that Gregory Reeder will step in as its new CEO. Reeder assumes the role, armed with a professional background and skillset that’s ideally suited as the company transitions and scales its business beyond CBD and into broader holistic health and wellness products and solutions. Former CEO and founder Jay Hartenbach will maintain responsibilities as chairman of Medterra's board, while assuming a new position as chief innovation officer.
"Throughout his career, Greg has found continual success in accelerating the growth of both well-recognized and newer brands. That experience is going to be critical to our efforts to expand as a company,” Hartenbach said. “Greg’s success has only continued as he completely reshaped Medterra's international business. It was clear very early on that all of Medterra would benefit from this level of leadership."
After successfully entrenching itself as an industry leader in CBD products and solutions, the company will be expanding its focus into the larger and growing wellness category, while continuing to spearhead the evolution of CBD and its mainstream adoption.
"Medterra's achievements under Jay's leadership are truly an inspiration. The company is an unquestioned pioneer and leader in the CBD industry, recognized by consumers for offering a broad range of highly innovative products, and owns a privileged position as a trusted brand with premier retailers," Reeder said. "The word Medterra means ‘from the earth,’ and as such, it’s long been our vision to go beyond CBD and identify broader levels of innovation where natural solutions are concerned. I'm honored with the opportunity to work with our incredible Medterra team as we evolve our business, while still driving the evolution and widespread acceptance of CBD forward.”
Reeder initially joined Medterra in February as managing director of Medterra International. Prior roles included heading Pfizer's $1.8 billion Global Wellness business, general manager of Pfizer Canada Consumer Health Care and country manager of Pfizer Romania. He started his career in product development and brand management at Procter & Gamble and earned a Ph.D. in chemistry from the University of Cincinnati.
