Former House Depot CEO Bob Nardelli to Advise Hydroponics Retailer GrowGeneration – New Hashish Ventures

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GrowGeneration Appoints Former House Depot CEO Bob Nardelli as Senior Strategic Advisor

DENVER, July 10, 2019 /PRNewswire/ – GrowGeneration Corp. (OTCQX:GRWG), (“GrowGen” or the “Firm”) one of many largest chains of specialty retail hydroponic and natural gardening shops on the planet, introduced immediately that it has appointed Bob Nardelli as a strategic advisor. Mr. Nardelli and GrowGeneration will work collaboratively and strategically to discover potential partnerships that may deliver worth to every division of GrowGeneration. Nardelli will function a senior advisor to the Firm’s Chief Government Officer and Board of Administrators, offering recommendation on issues relating to produce chain, merchandise, branding, distribution, new product introductions, pricing and channel choice.

“Bob is a globally acknowledged enterprise visionary.  He comes with a robust monitor report of government operations to generate accelerated, worthwhile progress and shareholder worth throughout many trade verticals which might be of nice curiosity to us,” mentioned Darren Lampert, CEO. Mr. Nardelli, from 2000-2007 helped develop House Depot to a $90B firm together with a wonderful workforce of pros, by implementing lots of the operational methods that made House Depot the chief in its trade. We see many direct parallels from Bob’s House Depot expertise that we will apply to GrowGen’s progress plans and techniques.  “Like us, Bob additionally takes a long-term view of worth creation to learn all stakeholders. We sit up for working with Bob to additional prolong our management place inside the hydroponic market.”

I imagine GrowGeneration has a stable execution monitor report, is strongly differentiated from its friends, has achieved scale all through the provision chain of the hydroponic trade, and is poised to go to the subsequent degree. I sit up for working with Darren, the board and the prolonged GrowGen workforce to guage its many operational and strategic alternatives.

Mr. Bob Nardelli, Strategic Advisor at GrowGeneration

About: Bob Nardelli

Working alongside numerous excessive performing groups, Mr. Nardelli has grown the gross sales and earnings of numerous multi-national firms throughout his profession.  Amongst different senior roles, Mr. Nardelli served as Chairman and Chief Government Officer and as a member of the Board of Managers of Chrysler, LLC, 2007 to 2009. From 2000 to 2007, Nardelli served as Chairman, President and CEO of The House Depot. He started his profession at GE in 1971, and superior quickly by way of a sequence of senior management positions together with CEO of GE Transportation Methods and CEO of GE Energy Methods, amongst others. He’s a graduate of Western Illinois College and obtained an MBA from the College of Louisville.

About GrowGeneration Corp.:

GrowGen owns and operates specialty retail hydroponic and natural gardening shops. At present, GrowGen has 23 shops, which embody 5 places in Colorado, 5 places in California, 2 places in Las Vegas, 1 location in Washington, three places in Michigan, 1 location in Rhode Island, 2 places in Oklahoma, three places in Maine, and now 1 location in New Hampshire. GrowGen additionally operates a web based superstore for cultivators, situated at HeavyGardens.com. GrowGen carries and sells hundreds of merchandise, together with natural vitamins and soils, superior lighting know-how and cutting-edge hydroponic gear for use indoors and outdoor by business and residential growers. Our mission is to personal and function GrowGeneration branded shops in all the foremost legalized cannabis states within the U.S. and Canada. Administration estimates that roughly 1,000 hydroponic shops are in operation within the U.S. By 2020 the market is estimated to achieve over $23 billion with a compound annual progress price of 32%.

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