Kaival Brands Innovations Group, Inc. announced that it has expanded the role of Mr. Barry Hopkins, Chairman of the Board, to the new position of Executive Chairman. In this role, Mr. Hopkins will serve as Kaival Brands? principal executive officer.

Current President and Chief Executive Officer, Mr. Eric Mosser, will continue to manage day-to-day operations of the Company. Mr. Hopkins joined Kaival Brands as Chairman of the Board in March 2023. He is a 40-year tobacco industry veteran with deep operational experience and industry contacts.

With his expanded responsibilities, Mr. Hopkins will play a more active role in the strategic direction and oversight of the Company with a focus on accelerating revenue growth, improving operational efficiencies and executing on Kaival Brands? strategic initiatives. Mr. Hopkins spent most of his decades-long career primarily in senior sales and marketing roles for Turning Point Brands and Altria.

Most recently, before becoming a management consultant, Mr. Hopkins served as Senior Vice President of Executive Organizational Development of Turning Point Brands, where he led that company?s senior management team in building the infrastructure for an enhanced performance management system and development of a new strategic planning process with a focus on mission critical initiatives to achieve a sustainable competitive advantage. These initiatives contributed to eight record-setting quarters of revenue growth.