Acreage Holdings Bolsters Its Board of Directors With Addition of Former Time Warner Telecom CEO Larissa Herda And Former IBM CFO Douglas Maine
New York City, NY – Sept. 27, 2018–Acreage Holdings (“Acreage”), one of the United States’ largest vertically integrated, multi-state cannabis operators, announced as part of its public offering the appointments two new members to its Board of Directors, former tw telecom (formerly Time Warner Telecom) Chairman and Chief Executive Officer Larissa Herda, and former IBM Chief Financial Officer Douglas Maine.
Ms. Herda served as CEO of tw telecom for 16 years before retiring in 2014 upon the completion of the sale of the company to Level 3 Communications for $7.3 billion. During her tenure, she oversaw revenue growth from $26 million to $1.6 billion. She was appointed by President Obama to the National Security Telecommunications Advisory Committee (NSTAC) and served as Chairman of the FCC’s Communications, Security, Reliability and Interoperability Council (CSRIC). Ms. Herda is a staunch advocate for business ethics, serving on the Advisory Board for the Center for Education in Social Responsibility at the Leeds School of Business at the University of Colorado. She was also Chairman of the Board of the Denver Branch of the Federal Reserve of Kansas City.
Mr. Maine is a former senior executive and Chief Financial Officer for IBM and retired in 2005. Prior to that Mr. Maine served in the same role at MCI Communications (now part of Verizon) as part of a 20-year tenure with the company. He is currently a Director of public company Albemarle, Inc. and has served as a Director of public companies Orbital-ATK, BroadSoft and Rockwood Holdings.
On the appointments of Ms. Herda and Mr. Maine, Acreage Founder and CEO Kevin Murphy said, “Larissa Herda and Doug Maine bring to Acreage distinguished careers helping lead top American companies in highly regulated industries. We look forward to the valuable contributions each will bring in helping us continue to grow, innovate and strengthen our leadership position.”
Acreage Holdings recently announced its intention to list on the Canadian Stock Exchange, pursuant to the expected closing of a reverse takeover transaction in November.
ABOUT ACREAGE HOLDINGS
Headquartered in New York City, Acreage Holdings is a vertically-integrated, multi-state owner of cannabis licenses and assets in states where either medical and/or adult use of cannabis is legal. With one of the largest footprints of any cannabis company in the U.S., the company currently owns and/or operates cultivation, processing and dispensary operations. Acreage is dedicated to building and scaling operations to create a seamless, consumer-focused branded cannabis experience.
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