Juul Labs CEO to Step Down

#1

Post by JumpCrisscross » Wed, Sep 25, 2019, 2:31 PM UTC

Juul Labs CEO to Step Down
bloomberg.com

Re: Juul Labs CEO to Step Down

#2

Post by AdmiralAsshat » Wed, Sep 25, 2019, 2:54 PM UTC

And he is being replaced by a former Marlboro employee. I am sure the public will feel so much safer knowing that the advertising will be handled by a Big Tobacco veteran moving forward.

Re: Juul Labs CEO to Step Down

#3

Post by mfoy_ » Wed, Sep 25, 2019, 2:55 PM UTC

Outline: https://outline.com/XZ7M3t

Re: Juul Labs CEO to Step Down

#4

Post by ceejayoz » Wed, Sep 25, 2019, 2:55 PM UTC

AdmiralAsshat wrote: post #2

And he is being replaced by a former Marlboro employee. I am sure the public will feel so much safer knowing that the advertising will be handled by a Big Tobacco veteran moving forward.

Altria (Phillip Morris) owns 35% of the company already. They've been part of Big Tobacco for a while.

Re: Juul Labs CEO to Step Down

#5

Post by mfoy_ » Wed, Sep 25, 2019, 2:57 PM UTC

Also, (forgive me if I get the jargon wrong here...) isn't the vaping health crisis the article mentions due to sketchy THC vaping solutions that have Vitamin E oil in them? Not Juul's nicotine stuff?

I.e. because THC isn't water-soluble, it has to be suspended/dissolved in some oil-based thing. Lipids + lungs = BAD.

Re: Juul Labs CEO to Step Down

#6

Post by aivisol » Wed, Sep 25, 2019, 2:58 PM UTC

AdmiralAsshat wrote: post #2

And he is being replaced by a former Marlboro employee. I am sure the public will feel so much safer knowing that the advertising will be handled by a Big Tobacco veteran moving forward.

Not just some employee, but "chief growth officer at the Marlboro maker"...

Re: Juul Labs CEO to Step Down

#7

Post by grenoire » Wed, Sep 25, 2019, 2:59 PM UTC

mfoy_ wrote: post #5

Also, (forgive me if I get the jargon wrong here...) isn't the vaping health crisis the article mentions due to sketchy THC vaping solutions that have Vitamin E oil in them? Not Juul's nicotine stuff? I.e. because THC isn't water-soluble, it has to be suspended/dissolved in some oil-based thing. Lipids + lungs = BAD.

Problem is that even though the Juul cartridges are proprietary, that hasn't stopped people from making Juul-compatible off-brand products. There are of course other concerns besides the vaporised oils.

Re: Juul Labs CEO to Step Down

#8

Post by kjar » Wed, Sep 25, 2019, 3:01 PM UTC

There is an emerging argument that vaping is less health damaging than smoking and it likely is, however, Nicotine addiction is key to the business model and that will not change.

Re: Juul Labs CEO to Step Down

#9

Post by throwaway857384 » Wed, Sep 25, 2019, 3:01 PM UTC

I get how this is happening and is independent from other things going on in the world... But what is the deal with all these CEO's stepping down?

Re: Juul Labs CEO to Step Down

#10

Post by goatsi » Wed, Sep 25, 2019, 3:01 PM UTC

To be succeeded by a former tobacco executive. The takeover of Juul by big tobacco is now complete, and they have someone with strong experience downplaying, denying and obfuscating to weather the storm.