Curaleaf Names New CEO

Curaleaf Holdings, Inc. (OTCQX: CURLF) named Ranjan Kalia as the company’s new Chief Financial Officer replacing Michael Carlotti, who is stepping down from the role of Chief Financial Officer for medical reasons. Since 2008, Kalia has served as Executive Vice President and Chief Financial Officer of digital company Virtusa Corp. Curaleaf said in a statement that Kalia brings extensive experience and deep knowledge across corporate tax regulations, U.S. SEC regulations, and Sarbanes Oxley compliance requirements to the role. He starts his new role on 19.

“On behalf of the Board of Directors and the executive leadership team I want to personally thank Mike for his tremendous commitment and contributions to Curaleaf,” said Boris Jordan, Executive Chairman. “During Mike’s tenure as Chief Financial Officer, he delivered exceptional financial performance management while ensuring the Company maintained its commitment to a strong balance sheet to help drive our business and meet our goals. Mike played an important role in setting the foundation for our future success; moreover, he’s an exceptional professional and friend. We wish him all the best for a prompt and full recovery.”

Kalia said, “I am truly honored to be joining the Curaleaf team at this exciting time in the company’s evolution. As Curaleaf has established itself as the global pure play cannabis leader, the company remains in the very early innings of its long-term potential development in this dynamic and fast-growing industry. I look forward to partnering with the entire Curaleaf team to continue executing on its track record for financial performance, strong balance sheet and robust engagement with the financial community.”

Before joining Virtusa, Kalia spent 8 years with EMC Corporation. During his tenure, he served in various roles including Vice President of Finance and Chief Financial Officer – Asia-Pacific Region. Prior to that, he also held senior financial, controller, and audit positions at GE Capital, Pepsi Cola Co., and Pricewaterhouse Coopers (PwC). He also served as a Board of Director and Audit Committee Member for Polaris Consulting & Services from 2016 to 2018. Kalia holds a Bachelor of Commerce from New Delhi University in India and a Master of Business Administration degree in Finance from Nichols College in Massachusetts.

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