Charlotte’s Web Holdings Inc. Announces Appointment of former Ben

– USA, CO –  Charlotte’s Web Holdings, Inc. (OTC: CWBHF / TSX: CWEB), the market leader in hemp-derived CBD wellness products, today announced the appointment of Matthew E. McCarthy to its Board of Directors, effective immediately, replacing Susan Vogt who is retiring from the Board.

Matthew McCarthy will join the Compensation Committee and Audit Committee.

About Matthew E. McCarthy

Matthew McCarthy is the former CEO of Ben & Jerry’s Homemade, bringing a unique blend of commercial acumen and deep commitment to social impact within the consumer-packaged goods and natural products industries.

Matthew McCarthy most recently served as the CEO of Ben & Jerry’s from July 2018 through April 2023 where he led the company through its most significant period of growth to take the #1 market share position in the U.S. ice cream market and operating in over 30 international markets. He was also a member of Ben & Jerry’s Board of Directors.

During his 26-year tenure at Unilever, Matthew McCarthy is the former CEO of Ben & Jerry’s Homemade, bringing a unique blend of commercial acumen and deep commitment to social impact within the consumer-packaged goods and natural products industries. held several executive leadership positions including VP and GM Foods North America, and Senior Director and General Manager US Deodorants and Men’s Grooming, among others. Mr. McCarthy is recognized for his transformative leadership and has been credited with significantly growing revenue, market share, and brand equity in his previous roles. His achievements demonstrate his ability to understand and leverage consumer trends in the CPG industry and excel in brand development and market penetration in diverse market sectors.

He has also been a key figure in driving innovation, sustainability, and social mission initiatives, skills that will contribute to Charlotte’s Web’s continued innovation and market leadership in the hemp-derived CBD wellness industry.

Matthew McCarthy is the former CEO of Ben & Jerry’s Homemade, bringing a unique blend of commercial acumen and deep commitment to social impact within the consumer-packaged goods and natural products industries. holds a Master of Business Administration in Marketing from Hofstra University and a Bachelor of Arts in Political Science from the University of Massachusetts. His notable career is complemented by numerous recognitions and awards, reflecting his commitment to business excellence and ethical leadership.

About Charlotte’s Web Holdings, Inc.

Charlotte’s Web Holdings, Inc., a Certified B Corporation headquartered in Louisville, Colorado, is the market leader in innovative hemp extract wellness products under a family of brands that includes Charlotte’s Web, ReCreate, CBD Medic, and CBD Clinic. Charlotte’s Web whole-plant CBD extracts come in full-spectrum and broad-spectrum options, including ReCreate by Charlotte’s Web, broad-spectrum CBD certified NSF for Sport. ReCreate is the official CBD of Major League Baseball, Angel City Football Club, and the Premier Lacrosse League. Charlotte’s Web branded premium quality products start with proprietary hemp genetics that is North American farm-grown using organic and regenerative cultivation practices. The Company’s hemp extracts have naturally occurring botanical compounds including cannabidiol, CBC, CBG, terpenes, flavonoids, and other beneficial compounds. Charlotte’s Web product categories include CBD oil tinctures (liquid products) CBD gummies (sleep, calming, exercise recovery, immunity), CBD capsules, CBD topical creams, and lotions, as well as CBD pet products for dogs. Through its substantially vertically integrated business model, Charlotte’s Web maintains stringent control over product quality and consistency with analytic testing from soil to shelf for quality assurance. Charlotte’s Web products are distributed to retailers and healthcare practitioners throughout the U.S.A., and online through the Company’s website.

For more information: https://www.charlottesweb.com/

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