Charlotte's Web Holdings, Inc. announced the appointment of Jessica Saxton, age 35, as the Company's Chief Financial Officer and principal accounting officer effective January 1, 2023. Ms. Saxton will replace the Company's Executive Vice President - Chief Financial Officer, Chief Administration Officer, and principal accounting officer, Greg Gould, who will depart the Company effective December 31, 2022. Mr. Gould's departure is not based on any disagreement with the Company's accounting principles, practices or financial statement disclosures.

Ms. Saxton has a successful track record in developing business strategies to drive growth, having held senior finance positions with some of America's leading companies, including Anheuser-Busch InBev, General Motors, and Owens Corning. Most recently, from February 2020 to July 2021, Ms. Saxton served as Chief Financial Officer for EverGrain Ingredients (and Board Manager for EverGrain LLC from September 20, 2020 through July 2021), which aims to revolutionize sustainable ingredients including non-GMO natural plant compounds. Prior to such role, Ms. Saxton served as Senior Director in Financial Planning & Analysis at Anheuser-Busch InBev from February 2018 to February 2020 and from February 2016 to February 2018, as Director in Treasury, where she supported the Company's strategy, performance management, treasury, and financial planning.

Earlier in her career Ms. Saxton supported M&A and other strategic initiatives for publicly listed global companies. Additionally, Ms. Saxton has served as a director at the private company, Two Row Corp. Inc., from December 2020 to July 2021.