On May 22, 2015, Philip Gay resigned as the Chief Executive Officer and Nick Roberts resigned as Chief Financial Officer of Diego Pellicer Worldwide, Inc. The board of directors of the company has appointed Ron Throgmartin, the Company's Chief Operating Officer as the Chief Executive Officer and David Wells as the Company's Chief Financial Officer. Taking the CEO position will be Diego's former CEO, Ron Throgmartin. Mr. Throgmartin assisted his family in building a retail business that spread across 23 states with several billion in revenue and is currently traded on the NYSE. He also has extensive experience in real estate, agriculture and marijuana business development, including retail, grow and edible manufacturing. Mr. David Wells has been CFO of several public and pre-public
companies and led multiple public offerings, private offerings and M&A transactions.