SNDL Announces Departure of Liquor Segment President

Rhea-AI Summary

SNDL Inc. (Nasdaq: SNDL) has announced the retirement of Taranvir (Tank) Vander, President of the Liquor Division, after two decades of leadership in the liquor industry. Vander's career began as a liquor store Manager in the early 2000s, progressing through various roles before founding Ace Liquor in 2013. He later partnered with Alcanna Inc. in 2019, contributing to its growth as one of Canada's largest liquor retailers. SNDL's CEO, Zachary George, expressed gratitude for Vander's exceptional contributions. Navroop Sandhawalia, the current Vice President of Finance Liquor Retail, will serve as Interim President of the Liquor Division while SNDL searches for a permanent replacement.

Positive

• Smooth transition plan with an interim President in place
• Recognition of strong leadership and innovation in the liquor segment

Negative

• Departure of a key executive with extensive industry experience
• Potential disruption in leadership of the Liquor Division

CALGARY, AB, Sept. 10, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" or the "Company") announced today that after two decades of leadership and innovation in the liquor industry, Taranvir (Tank) Vander, President, Liquor Division, is retiring from SNDL to pursue new opportunities.

Starting as a liquor store Manager in the early 2000s, Tank advanced to roles including Area Manager and General Manager before founding the Ace Liquor Corporation in 2013, growing it to 15 stores. In 2019, he partnered with Alcanna Inc., helping transform the company into one of Canada's largest liquor retailers, and continued to guide the SNDL liquor team with record performance for the last 2 years.

Zachary George, Chief Executive Officer of SNDL, expressed his gratitude and well wishes, "We want to thank Tank for his exceptional contributions and leadership, and wish him continued success in his future endeavors."

Navroop Sandhawalia, SNDL's current Vice President, Finance Liquor Retail, will be stepping in as Interim President, Liquor Division as SNDL begins the search for Tank's replacement.

ABOUT SNDL INC. 

SNDL is a public company whose shares are traded on the Nasdaq under the symbol "SNDL." SNDL is the largest private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis. SNDL is a licensed cannabis producer and one of the largest vertically integrated cannabis companies in Canada specializing in low-cost biomass sourcing, premium indoor cultivation, product innovation, low-cost manufacturing facilities, and a cannabis brand portfolio that includes Top Leaf, Contraband, Palmetto, Bon Jak, Versus, Value Buds, and Vacay. SNDL's investment portfolio seeks to deploy strategic capital through direct and indirect investments and partnerships throughout the North American cannabis industry. For more information on SNDL, please go to https://sndl.com/. 

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SOURCE SNDL Inc.

FAQ

Who is retiring from SNDL's Liquor Division?

Taranvir (Tank) Vander, President of SNDL's Liquor Division, is retiring after two decades of leadership in the liquor industry.

Who will be the interim President of SNDL's Liquor Division?

Navroop Sandhawalia, SNDL's current Vice President of Finance Liquor Retail, will step in as Interim President of the Liquor Division.

What was Tank Vander's role in SNDL's liquor business?

Tank Vander was the President of SNDL's Liquor Division, guiding the team to record performance for the last 2 years and contributing to the company's growth as one of Canada's largest liquor retailers.

How long has Tank Vander been in the liquor industry?

Tank Vander has been in the liquor industry for two decades, starting as a liquor store Manager in the early 2000s and progressing through various leadership roles.