AYR Wellness Announces Leadership Changes

LOS ANGELES- AYR Wellness Inc., a U.S.-based multi-state cannabis operator, has announced recent adjustments to its executive team.

Effective April 4, 2025, Steven M. Cohen stepped down as Interim Chief Executive Officer, a position he had held since September 18, 2024. The company’s board of directors appointed Scott Davido as the new Interim CEO. Mr. Cohen will remain with AYR as an advisor to facilitate the leadership transition.

Mr. Davido brings extensive experience in financial and operational transitions, having served as a senior managing director at Ankura Consulting Group. His previous roles include Interim CEO of DCL Corporation, CEO of Advantage Rent a Car, and CEO of Experience.com. He has also held senior executive positions at Calpine Corporation and NRG Energy. ​

In a statement, Louis Karger, Chairman of the Board, expressed gratitude to Mr. Cohen for his contributions and welcomed Mr. Davido, citing his track record in strategic execution. Mr. Davido conveyed enthusiasm about leading AYR and working with the team to advance the company’s initiatives. ​

This leadership change follows the March 24, 2025, appointment of Donna Granato as Interim Chief Financial Officer, succeeding Brad Asher, who resigned to pursue other opportunities. Ms. Granato has over 25 years of experience in corporate finance and operations, with previous roles at Vivvix, GTT Communications, and Shutterstock. ​

AYR Wellness operates over 90 licensed dispensaries and offers a range of cannabis consumer packaged goods brands. The company remains focused on delivering high-quality products to its customers and supporting its team members and the communities it serves.