Multistate marijuana brand Curaleaf has named Ranjan Kalia as its newest Chief Financial Officer. The new CFO will be replacing Michael Carlotti, who is stepping down due to medical reasons. Kalia has served as Executive Vice President and CFO of digital company Virtusa Corp. since 2008. In a statement, Curaleaf said Kalia brings extensive and deep knowledge across corporate tax regulations, U.S. SEC regulations, and Sarbanes Oxley compliance requirements to the role.
He begins his new position on Sunday, July 19th. The company also gave regards to Carlotti saying, “On behalf of the Board of Directors and the executive leadership team I want to personally thank Mike for his tremendous commitment and contributions to Curaleaf. During Mike’s tenure as Chief Financial Officer, he delivered exceptional financial performance management while ensuring the Company maintained its commitment to a strong balance sheet to help drive our business and meet our goals. Mike played an important role in setting the foundation for our future success; moreover, he’s an exceptional professional and friend. We wish him all the best for a prompt and full recovery.”
Kalia also gave a statement about his new position saying, “I am truly honored to be joining the Curaleaf team at this exciting time in the company’s evolution. As Curaleaf has established itself as the global pure-play cannabis leader, the company remains in the very early innings of its long-term potential development in this dynamic and fast-growing industry. I look forward to partnering with the entire Curaleaf team to continue executing on its track record for financial performance, strong balance sheet, and robust engagement with the financial community.” Prior to joining Virtusa, Kalia spent 8 years with the EMC Corporation. It’s clear Curaleaf has the right man for the job with a great deal of experience working in various roles that include VP of Finance and Chief Financial Officer of the Asia-Pacific Region.
Before that, he also held senior financial, controller, and audit positions at GE Capital, Pepsi-Cola Co., and Pricewaterhouse Coopers (PwC). While it’s unfortunate that Michael Carlotti can no longer be Curaleaf’s acting CFO, it was a great business decision to name Ranjan Kalia as the new CFO due to his extensive financial knowledge and prowess.