QBAK - 22nd Century Appoints Larry Firestone as Chairman and CEO | Benzinga
BUFFALO, N.Y., Nov. 29, 2023 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII) ("22nd Century" or the "Company"), a biotechnology company focused on utilizing advanced plant technologies to improve health and wellness, today announced the appointment of Lawrence (Larry) Firestone as the Company's Chairman and Chief Executive Officer.
Nora Sullivan, former Chair of the Board, commented, "Larry is a seasoned executive known for his 'hands-on' leadership style emphasizing teamwork, business alignment, continuous improvement, cost control and process optimization. His track record of success with fast growing public companies will serve 22nd Century well as it continues to execute the strategic business plan and work to drive shareholder value."
Andy Arno, independent director, added, "Larry is a proven leader and business architect who instills an entrepreneurial spirit in the company and culture. Having served as a CEO, CFO and COO in diverse and challenging environments, Larry has established a strong track record of turnaround and positive transformation. He particularly understands the complexities and challenges of companies that are undergoing change, whether due to new product commercialization and growth or the need to restructure."
"I am excited to lead 22nd Century Group as we refocus our current strategic plans built around innovative plant technologies for tobacco harm reduction and new consumer focused health and wellness products," said Mr. Firestone. "The team at 22nd Century has created one of the industry's most innovative integrated tobacco platforms, from plant genetics to fully commercialized disruptive consumer products. I am confident we can build upon the success the Company has had to date while developing strategies that can enhance value ...