[PRESS RELEASE] – MIAMI, April 4, 2025 – AYR Wellness Inc., a number one vertically built-in U.S. multistate hashish operator, introduced that, efficient April 4, Steven M. Cohen has stepped down because the meantime CEO of the corporate. The AYR board of administrators has appointed Scott Davido as meantime CEO. Cohen served as meantime CEO since Sept. 18, 2024, and can stay engaged as an adviser to the corporate to toughen this transition.
Davido is a senior managing director at Ankura Consulting Workforce, a world advisory and trade consulting company. He prior to now served in the similar function at FTI Consulting, main firms in monetary and operational transitions. Amongst his roles, Davido has prior to now served as meantime CEO of DCL Corp., CEO of Merit Hire a Automotive, and CEO of Enjoy.com (previously Social Survey). Davido has additionally held senior government roles at Calpine Corp. and NRG Power.
“The Board wish to lengthen our due to Steven for his time as meantime CEO of AYR, right through which he kicked off a an important length of evolution for the group, and for all of his ongoing toughen for the corporate,” AYR Board Chairman Louis Karger stated. “We admire Steven’s willingness to stick on as an adviser to the corporate as we proceed to execute on our strategic tasks. We additionally need to welcome Scott as AYR’s new meantime CEO, bringing with him a observe report of positioning firms for sustained luck and executing on strategic tasks. With this management transition, we look ahead to AYR taking its subsequent steps.”
“I’ve liked the chance to steer AYR over the last few months, operating intently with the management group and the board to put in force key adjustments had to set the corporate up for long run luck,” Cohen stated. “As I hand the meantime CEO function to Scott, I achieve this with the maximum self assurance that AYR is in the suitable fingers, and I look ahead to supporting Scott and the wider corporate as a strategic adviser.”
“I’m excited to sign up for AYR, and I look ahead to operating with the board, the management group and all AYR mates to increase and put in force a chain of strategic, operational and fiscal tasks to take the trade to a brand new stage of luck,” Davido stated.
