Joshua Fegan Resigns as Althea CEO; Barry Katzman Takes Interim Helm

Leadership Change at a Pivotal Moment

Althea Group Holdings Limited (ASX, AGH), a prominent player in the THC beverage sector, has announced the immediate resignation of its founder and CEO, Joshua Fegan. Having led the company since its inception, Fegan played a crucial role in establishing Althea’s presence in the medicinal cannabis markets of Australia and the UK, and more recently in the THC beverage markets of Canada and the United States.

The Board expressed gratitude for Fegan’s visionary leadership and significant contributions, highlighting his role in building Althea into an innovative and recognised global cannabis company. Fegan will remain involved during a transition period to ensure a smooth handover.

Interim CEO Brings Deep Industry Expertise

Stepping into the leadership role is Barry Katzman, appointed as Interim CEO. Katzman brings over 20 years of senior leadership experience in the North American alcoholic beverage industry and the emerging THC beverage sector. He currently manages Peak Processing Solutions, Althea’s business unit responsible for developing premium THC beverage products, which has tripled its revenues under his stewardship.

Katzman’s background includes serving as Executive Chairman of Thrive Cannabis, positioning him well to lead Althea through this transitional phase. The Board has confirmed no change to his base salary of CAD360,000 per annum, with an incentive package to be negotiated in due course.

Strategic Continuity and Growth Prospects

The leadership change comes at a critical inflection point as Althea seeks to leverage its early market leadership in THC beverages across regulated markets in North America. Chairman Vaughan Webber emphasised the Board’s confidence in Katzman’s ability to drive growth and execute the company’s strategy effectively.

Fegan reflected on his tenure with pride, noting the challenges overcome and the solid foundation laid for Althea’s future. His departure marks the end of an era but also opens the door for fresh leadership to capitalise on expanding market opportunities.

Investors and industry watchers will be closely monitoring how this leadership transition influences Althea’s strategic direction and operational momentum in the competitive cannabis beverage landscape.