Cannabis Vaporizer Maker Promotes Newly Hired General Counsel to Interim CEO
CEO Bharat Vasan has been ousted as general counsel Lisa "LD" Sergi Trager, formerly of MedMen, will serve as the interim CEO.
September 17, 2019 at 05:48 PM
2 minute read
The original version of this story was published on Corporate Counsel
Vaporizer company Pax Labs Inc. confirmed media reports on Tuesday that CEO Bharat Vasan has been pushed out as the company's CEO and the newly hired general counsel Lisa "LD" Sergi Trager will serve as the interim CEO.
A representative for Pax said the San Francisco-based company is not offering any statement at this time and is only confirming the accuracy of the report by TechCrunch. Vasan was brought on as CEO of Pax in February 2018. He had previously served as the president and chief operating officer of August Home Inc. Vasan could not be reached for comment on Tuesday.
According to the TechCrunch report, Pax hired Trager in July as general counsel. Corporate Counsel could not reach Trager for comment on Tuesday. However, in a statement sent to TechCrunch, Trager said she is "extremely excited and honored" to lead the organization.
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