Neu named Ananda Health CEO
A longtime healthcare executive is taking the helm of CBD company Ananda Health. David Neu has been named CEO of Ananda, having previously served as executive chairman since he joined the company in 2019.
Neu brings to the role decades of experience in the retail pharmacy and drug distribution industries, including his tenure as president of AmerisourceBergen Drug Corp. and Good Neighbor Pharmacy. He also has served as chairman of the Healthcare Distribution Alliance and roles on the board of the National Association of Chain Drug Stores. He moves into the CEO role with a focus on expanding the company’s distribution model for retail pharmacies while building growth into other channels and expanding product offerings to align with those channels.
“David has quickly demonstrated the value of his industry experience, strategic perspective and leadership. His vision and performance focus combined with his commitment to improve people’s lives while serving the best long-term interests of the company make him uniquely qualified to lead Ananda Health as it expands its position as the most professional CBD brand in the United States,” said Ecofibre CEO Eric Wang. “As Executive Chairman, David worked with the Ananda Health team to secure key strategic relationships with influential partners. As CEO, he will continue to implement Ananda Health’s strategy to be the preferred provider of hemp-derived CBD products to a broad array of healthcare providers.”
Neu noted that as regulators clarify their stance on CBD, the products will play an integral role in the healthcare system. He noted that among the company’s strengths is its investment in innovation and research through partnerships with academic medical institutions, which also position it as an industry leader.
“I am honored and energized by the opportunity to lead this fast-growing healthcare organization. Over the past six months, I have gained an invaluable understanding about this extraordinary company and industry,” Neu said. “I am incredibly impressed by our team members and their commitment to serve our customers, move the company forward, and build an even stronger foundation for the future. I am proud of the progress we are making with our premium brand, product expertise, and quality focus. Our proprietary production technology has matured to ensure Ananda Health product lines are best-in-class.”