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Lifeist Wellness CEO to Depart, Board Members to Cut Compensation
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Lifeist Wellness CEO to Depart, Board Members to Cut Compensation
Mar 11, 2024 6:13 AM

08:53 AM EDT, 03/11/2024 (MT Newswires) -- Lifeist Wellness Inc. ( LFSWF ) , a health-tech company, said Monday that Meni Morim will step down as CEO of the company once the board has completed its executive search and appointed a replacement.

Additionally, the members of the board have individually agreed to reduce their compensation to reduce costs and improve cash flow for Lifeist.

Branden Spikes, chairman of the board, provided the update to shareholders in a letter.

The company's stock plunged 50% in Canada on Friday.

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