Neptune Appoints Michael Cammarata as Chief Executive Officer

Published: July 9, 2019

Neptune Appoints Michael Cammarata as Chief Executive Officer

Neptune Wellness Solutions Inc. announced today the appointment of Michael Cammarata, a successful entrepreneur and innovator in the wellness industry, as its Chief Executive Officer and Member of the Board of Directors effective today, July 8, 2019. After over 4 years, Jim Hamilton has stepped down from his role as CEO and Director but will remain as an advisor to the Board.

Over the past 20 years, Mr. Cammarata has been a serial entrepreneur, developing businesses and successfully investing in various sectors such as wellness products, biotechnology, advertising, electronics and entertainment, through his own venture capital and private equity firm, Random Occurrence.

Mr. Cammarata is the co-founder of Schmidt’s Naturals, now a business unit of Unilever, which has quickly established itself as one of the fastest growing wellness brands. Mr. Cammarata’s investment, strategic retail partnerships and deep understanding of digital architecture contributed to breakthrough years for Schmidt’s Naturals’ from its start-up stage in 2015 to the acquisition by Unilever in 2017. He led Schmidt’s Naturals as CEO to exponential growth of the Schmidt’s brand in 2018 and 2019, through expansion into distribution and further expanding product lines including hemp derived wellness products domestically and globally.

“Michael has extensive executive leadership experience at the forefront of consumer innovation. He has identified new trends and opportunities which led to the development of market-leading products,” said John Moretz, Chairman of the Board. “These critical skills should benefit our customers. Moreover, Michael possesses the right mix of operational CEO experience, leadership skills, and technology industry expertise to help elevate Neptune to the next level,” added Mr. Moretz.

“I am thrilled to have been given the opportunity to take on this new role, as I have followed Neptune’s progress and am excited about their status in the market. Neptune is well positioned for strong and sustainable growth in the coming years, and I am eager to bring the skills and capabilities required to deliver success and value for shareholders,” said Mr. Cammarata.

“On behalf of the Board of Directors and employees, I want to extend our deep appreciation for the work and contributions of Jim Hamilton over the last four years,” added Mr. Moretz. “During his tenure, Jim executed on a well-planned transition and strategy through both divestitures and acquisitions. As a result, Neptune is now operating in larger consumer market segments with great growth potential, such as legal cannabis, which has created impressive value for our shareholders. With this momentum achieved, Jim felt that the timing was right to place Neptune in the hands of new leadership supported by the great team in place, to drive success through the Company’s next phase of development. We are delighted he will remain as an advisor to Neptune’s Board” concluded Mr. Moretz.

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