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Acasta Enterprises replaces entire board, names co-CEOs

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Acasta Enterprises replaces entire board, names co-CEOs

Geoff Beattie, Robert Schwartz, Jay Swartz and Ian Kidson have stepped down as directors of Acasta Enterprises Inc. as there were disagreements on future strategy between them as members of the board and Charles Wachsberg and Richard Wachsberg, who jointly own around 36% of Acasta.

Kidson also resigned as interim CEO of Acasta.

Stan Bharti, Carlo LiVolsi, Jeffrey Spiegelman, Richard Wachsberg and Charles Wachsberg have joined the board. The new board appointed Richard Wachsberg and Charles Wachsberg co-CEOs of the company.

Richard Wachsberg and Charles Wachsberg are also co-founders of Apollo Health And Beauty Care Corp., a unit of Acasta.