Colorado-based Charlotte’s Web hires new chief operating officer

Colorado-based CBD maker Charlotte’s Web has appointed a chief operating officer to replace Stephen Lermer, who left the company Jan. 31.

The Boulder company said in a release that David Panter is its new COO, effective Monday.

Charlotte’s Web said Panter has more than 20 years of “global supply chain experience” at businesses including the Estee Lauder Cos., Campbell Soup Co. and Tyco Healthcare/Covidien.

Panter will report to Deanie Elsner, Charlotte’s Web CEO.

Lermer left the company exactly one year after starting his job.

Charlotte’s Web Holdings lost $18.8 million last quarter, a plunge of 688% from the same period in 2018.

Charlotte’s Web trades on the Toronto Stock Exchange as CWEB.