Realignment to leverage the deep talent that
exists within GrowGen
GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the
“Company”), the largest chain of specialty hydroponic and organic
garden centers with 62 locations across 14 states, announced a
series of organizational developments in the areas of accounting
and finance and corporate affairs. This realignment is part of our
ongoing efforts to better position the Company for future growth
and drive long-term shareholder value.
Effective August 12, 2022, Jeff Lasher has resigned as Chief
Financial Officer (“CFO”) of the Company and, concurrently, Greg
Sanders, previously Vice President and Corporate Controller, has
been promoted to the role of Chief Financial Officer.
“Greg has emerged as one of our Company’s brightest leaders
through his contributions to the growth and success of GrowGen over
the past several years. I am confident in his abilities to excel in
the CFO role to deliver strong financial performance over the long
term,” said Darren Lampert, Chairman and Chief Executive Officer
(“CEO”).
Mr. Lampert continued, “During his nearly five-year tenure at
GrowGen, Greg has supported the organization through multiple
business cycles and has been deeply involved in the integration of
all acquisitions and store openings. His role and responsibilities
to date provide him with intimate knowledge of our industry,
customers, suppliers, and employees, and he has built close working
relationships with our management team, auditors, and other
external advisors.”
Separately, Stephen Kozey, previously Vice President of Legal,
is being promoted to General Counsel and will oversee all legal and
compliance activities for the business, as well as GrowGen’s Human
Resource department. He will report to CEO Darren Lampert.
“Stephen has proven to be an outstanding addition to GrowGen
since joining the Company last year. He has a sharp legal mind with
tremendous experience at preeminent law firms, and he has developed
an excellent sense of our people, business, and industry,” said Mr.
Lampert.
Regarding these realignments announced today, Mr. Lampert said,
“These most recent developments are part of our broader efforts to
more fully realize the longer-term opportunities that lie ahead and
leverage the deep talent that exists within GrowGen.”
“Furthermore, I want to personally thank Jeff for his leadership
of the accounting and finance department at GrowGen over the last
year and a half, and we wish him continued success in his future
endeavors.”
About Greg Sanders
Mr. Sanders has served as Vice President and Corporate
Controller at GrowGen for nearly five years. He came to GrowGen
with prior public company experience, having served in various
accounting positions for Enterprise Holdings and Arrow Electronics.
He also led the Finance and Accounting Department, as well as
Administrative and Human Resources functions, for Machol &
Johannes LLC. Mr. Sanders holds a B.S. in Accounting from the
University of Minnesota.
About Stephen Kozey
Mr. Kozey’ s experience includes mergers and acquisitions,
corporate finance, securities, commercial contracts, real estate,
employment and corporate governance, among other areas. Prior to
joining GrowGen, Mr. Kozey worked at Bryan Cave Leighton Paisner
LLP in Denver, Colorado, and Debevoise & Plimpton LLP in New
York, New York, where his practice focused on representing private
and public companies, founders, management teams and other
stakeholders in various types of corporate and commercial
transactions. Mr. Kozey holds a J.D. from Georgetown University Law
Center and a B.A. from Vassar College.
About GrowGeneration Corp
GrowGen owns and operates specialty retail hydroponic and
organic gardening centers. Currently, GrowGen has 62 stores, which
include 23 locations in California, 7 locations in Colorado, 7
locations in Michigan, 5 locations in Maine, 6 locations in
Oklahoma, 3 locations in Washington, 4 locations in Oregon, 1
location in Arizona, 1 location in Rhode Island,1 location in
Florida, 1 location in Nevada, 1 location in Mississippi, 1
location in New Mexico, and 1 location in Massachusetts. GrowGen
also operates an online superstore for cultivators at
growgeneration.com. GrowGen carries and sells thousands of
products, including organic nutrients and soils, advanced lighting
technology and state of the art hydroponic equipment to be used
indoors and outdoors by commercial and home growers.
Forward Looking Statements
This press release may include predictions, estimates or other
information that might be considered forward-looking within the
meaning of applicable securities laws. While these forward-looking
statements represent current judgments, they are subject to risks
and uncertainties that could cause actual results to differ
materially. You are cautioned not to place undue reliance on these
forward-looking statements, which reflect opinions only as of the
date of this release. Please keep in mind that the company does not
have an obligation to revise or publicly release the results of any
revision to these forward-looking statements in light of new
information or future events. When used herein, words such as “look
forward,” “expect,” “believe,” “continue,” “building,” or
variations of such words and similar expressions are intended to
identify forward-looking statements. Factors that could cause
actual results to differ materially from those contemplated in any
forward-looking statements made by us herein are often discussed in
filings made with the United States Securities and Exchange
Commission, available at: www.sec.gov, and on the company’s
website, at: www.growgeneration.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220812005084/en/
Investors: Clay Crumbliss, CFA ICR, Inc.
GrowGenIR@icrinc.com
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