: MedMen appoints Ellen Deutsch as CEO

MedMen Enterprises Inc. CA:MMEN, the struggling U.S. cannabis retailer, on Wednesday appointed Ellen Deutsch as its new chief executive, and said Amit Pandey would become its new chief financial officer on July 24. Deutsch succeeds interim chief executive Edward Record, who will keep serving as a non-executive member of MedMen’s board, the company said. A 20-year veteran of Hain Celestial Group Inc. HAIN, Deutsch most recently worked as senior vice president of market development and shared services at the cannabis company Acreage Holdings Inc. ACRHF. The announcements come after MedMen’s prior CFO resigned last month, and as it tries to shrink operations and cut costs. Shares were unchanged after hours.

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