Nizel Pradhan
Key Takeaways
- Neptune Wellness Solutions Inc. has announced the promotion of Lisa Gainsborg to Interim Chief Financial Officer.
- Gainsborg replaces Raymond Silcock, who has resigned due to personal reasons.
- Gainsborg brings a wealth of experience in finance and accounting, bolstering Neptune’s leadership team.
About Neptune Wellness Solutions Inc.
Founded in 1998 and headquartered in Laval, Quebec, Neptune Wellness Solutions Inc. is a consumer-packaged goods company devoted to health and wellness innovation. Neptune’s commitment to developing affordable, high-quality products aligns with the latest market trends for natural, sustainable, plant-based, and purpose-driven lifestyle brands. The company’s diverse portfolio includes prominent organic food and beverage brands, such as Sprout Organics, Nosh, and Nurturme, as well as nutraceuticals brands like Biodroga and Forest Remedies.
A Leadership Shift: Lisa Gainsborg Takes the Reins as Interim CFO
Neptune Wellness Solutions recently announced a key leadership change: the promotion of Lisa Gainsborg from Financial Controller to Interim Chief Financial Officer, effective immediately. Gainsborg steps into the role previously held by Raymond Silcock, who has resigned for personal reasons.
Neptune Management and Board of Directors said in a statement, “Ms. Gainsborg has played a key leadership role in our audit process during her time at Neptune as Financial Controller. She has done an exceptional job of preparing the Company’s financial reporting and is heavily involved in our upcoming quarterly financial results. We expect a seamless transition during this process.”
Lisa Gainsborg: A Veteran of the Finance and Accounting Realm
Gainsborg brings a significant level of expertise to her new role, with a rich background spanning both public and private sectors. Her experience includes financial statement preparation, Securities and Exchange Commission reporting, Sarbanes-Oxley compliance, and the development of accounting and reporting controls and procedures.
She has held numerous financial leadership positions at several companies, including Basanite, Inc., Zero Gravity Solutions, Inc., and A+ Accounting Services, Inc. Gainsborg has provided chief financial officer consulting services and accounting system support for various clients, prepared corporate, partnership, and individual tax returns.
A Certified Public Accountant in Florida and Maryland, Gainsborg received a Bachelor of Business Administration in Accounting from Hofstra University in 1989. Her appointment as Interim CFO will no doubt contribute to Neptune’s mission of providing innovative, sustainable, and affordable wellness solutions to consumers.
Gratitude for Previous Leadership
Upon the announcement of Silcock’s resignation, Neptune’s Management and Board of Directors stated, “We want to thank Ray for all his support during his time here at Neptune. On behalf of the Board and the rest of the team at Neptune, we wish him and his family all the best in the future.”
Looking Forward
With Gainsborg at the financial helm, Neptune Wellness Solutions is poised to navigate the constantly evolving consumer-packaged goods industry with a renewed commitment to their values of innovation, sustainability, and affordability. Her extensive experience and knowledge will no doubt prove invaluable in guiding the company through this new phase of growth and development.
Neptune’s focus remains on efficiently adapting to consumer demand and introducing new products through its retail partners and e-commerce channels. This forward-looking approach, bolstered by the appointment of an experienced CFO, shows Neptune’s unwavering commitment to its mission and consumer base.
As the company continues to shape its portfolio to align with consumer trends towards plant-based and purpose-driven brands, the market eagerly awaits to see how this new chapter unfolds under Gainsborg’s financial stewardship.
