Juul Co-Founder James Monsees Steps Down From Board
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Juul has had an extremely tough year so far
Juul Labs Inc said on Thursday co-founder James Monsees plans to leave the e-cigarette maker, stepping down as an adviser and board member.
Monsees, who had previously been Juul’s chief product officer, wrote to employees he was looking forward to spending more time with his family and pursuing other interests.
The company, in which Altria Group Inc has a 35% stake, has come under intense media and regulatory scrutiny in recent times for its marketing practices and has also seen its valuation plummet.
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