Turning Point Brands, Inc. announced the appointment of long- tenured company executive Graham Purdy as CEO and Board Director, effective as of October 16, 2022, following Yavor Efremov's resignation as CEO and Director. Additionally, David Glazek will transition from Non-Executive to Executive Board Chairman, effective January 2023. Mr. Purdy will lead TPB's strategy, execution, and operations, with a particular focus on growing and maximizing the value of the Company's portfolio of iconic and emerging brands.

Prior to his appointment as CEO, Mr. Purdy served as Chief Operating Officer since 2019. Since joining TPB in 2004, Mr. Purdy has held various leadership positions, including as President of the New Ventures Division and Senior Vice-President Sales. During his tenure, Mr. Purdy oversaw two of the Company's highly successful brand extensions, rolling out Zig-Zag Cigar Wraps and Stoker's MST.

In addition, he built a highly effective sales organization driven by performance management system, strategically positioned a number of highly successful new products, and led the integration of many of the Company's most important strategic initiatives. Mr. Purdy led day-to-day operations during the COVID-19 pandemic, managing through complex challenges to the business while completing three of the most successful years in the Company's history.