Business
22nd Century Group Announces CFO Transition
Richard Fitzgerald Joins as Chief Financial Officer John Franzino Transitions to Chief Administrative Officer BUFFALO, N.Y., Nov. 19, 2021 (GLOBE NEWSWIRE) --
About this update from 22nd Century Group, Inc
[{"type":"text","content":"Richard Fitzgerald Joins as Chief Financial Officer John Franzino Transitions to Chief Administrative Officer BUFFALO, N.Y., Nov. 19, 2021 (GLOBE NEWSWIRE) -- 22nd Century Group, Inc. (Nasdaq: XXII), a leading agricultural biotechnology company focused on tobacco harm reduction, reduced nicotine tobacco, and improving health and wellness through modern plant science, announced today that Richard Fitzgerald has joined the Company as its Chief Financial Officer, effective November 15, 2021. John Franzino, the Company’s previous Chief Financial Officer, has transitioned to Chief Administrative Officer, where he will be responsible for further developing the company's business processes and leading the Company’s financial planning and analysis, operational finance, human resources, and information technology functions. “This is a pivotal time for 22nd Century as we build out our leadership team, particularly with the pending MRTP authorization and international launch of our VLN® product,” said James A. Mish, chief executive officer at 22nd Century Group. “We are excited to welcome Rich to the team, expanding our financial and strategic capabilities as we work to rapidly scale the business across all three of our plant franchises. Rich brings a diverse background, including extensive experience in IP and technology licensing in the life science industry, which we believe is timely as we execute on our key launch programs in tobacco, hemp/cannabis and hops.” A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/08064608-6248-4a24-b66c-98b1a9ad88ac “John has been an important part of 22nd Century’s transformation since joining the Company. He has helped the Company advance our primary mission in tobacco harm reduction and to take leadership positions in two new plant franchises, enabling us to expand our revenue base, diversify into international markets, and build our balance sheet to its strongest level in Company history. In his role as Chief Administrative Officer, John will focus on further developing our corporate and operational capabilities to support our growth as we bring VLN® to market, begin to monetize our hemp/cannabis portfolio and expand our global operations across all three franchises,” said Mish. “I am excited to join 22nd Century as the Company readies for a sign...