Former Juul Labs CEO, Kevin Burns has an estimated net worth of $12 million. Observer reports that Burns joined WeWork’s Adam Neumann and eBay’s Devin Wenig as the third CEO of a major company to resign from their respective posts.
Like WeWork and eBay, Juul is facing a tumultuous period. Smoking e-cigarettes is less harmful than traditional smoking but vaping is still bad for your health. Recent reports reveal that people vaping substances like marijuana, caffeine, essential oils and vitamins. Concerns about nicotine addiction is growing as vaping-related illnesses have increased in the last few months.
Kevin Burns will be succeeded by K.C. Crosthwaite, an executive from Altria. Burns has a bachelor of science degree in mechanical and metallurgical engineering from the University of Connecticut and he earned his MBA from the Wharton School at the University of Pennsylvania.
Prior to becoming the CEO of Juul, Burns was the President and COO of of US yogurt giant Chobani. Prior to his role at Chobani, Burns spent more than a decade as a partner at TPG Capital, a private equity investment firm.
What do you think about Kevin Burns being replaced by Altria executive K.C. Crosthwaite? Share your thoughts in the comment section below.