Open Book Extracts (OBX) has appointed Ryan Schroeder as chief financial officer and Steven Ferrell as vice president of human resources.
Schroeder has a successful track record scaling small and mid-size companies, from Medterra to Full Swing Golf, with strong FP&A experience from a decade in finance with Callaway Golf. He is responsible for increasing company enterprise value by building a strong foundation for growth, driving significant sales and margin expansion, and maximizing operational efficiencies to support profitability and reinvestment opportunities.
"I am very excited to join Open Book Extracts at this point in time,” Schroeder said. “OBX has a unique value proposition and a strong foundation from which the company can grow and execute its vision of making products that work for the brands who care. I feel privileged to have the opportunity to serve OBX's customers, teammates, community and shareholders."
Ferrell is a seasoned HR professional with a proven background in supporting the cannabis industry since 2017, as well as other industries spanning manufacturing, supply chain, pharmaceutical and retail. Ferrell most recently served as the senior HR director with Trulieve during a period of growth. He is passionate about the cannabis industry and developing its human capital in this quickly evolving market.
"I believe that the people are the heart, and the engine of every company," Ferrell said. "Our charter is to always understand our people, maintain high levels of engagement, and to act strategically to ensure the best company culture. I am eager for this next chapter with OBX, in part because of their incredible commitment to its people."