Erika Lind
About Erika Lind
Erika Lind, 53, is Chief Financial Officer and Corporate Secretary of Charlotte’s Web Holdings, Inc. (OTC: CWBHF). She became CFO on June 29, 2024 after joining the company in March 2023 to lead FP&A and Treasury; she also assumed Principal Accounting Officer responsibilities in January 2025. Ms. Lind holds a B.S. from Metropolitan State University of Denver and an MBA from Regis University. Under her tenure, the company emphasized disciplined cost management (Q3 2025 SG&A down 23.6% YoY; Q2 2025 SG&A down 31.7% YoY) and targeted ~$9 million annualized cost savings for 2026; revenue was $12.806 million in Q2 2025 and $11.503 million in Q3 2025, with net losses narrowing versus prior-year periods, and Adjusted EBITDA improving in Q2 2025 versus Q2 2024.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Charlotte’s Web Holdings, Inc. | VP, Financial Planning & Analysis and Treasury | Mar 2023 – Jun 2024 | Led strategic financial planning, performance management, and treasury operations. |
| Charlotte’s Web Holdings, Inc. | Principal Accounting Officer (additional responsibility) | Jan 2025 – present | Consolidated finance leadership; no compensation amendments with expanded role. |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Made In Nature LLC | Vice President of Finance | May 2021 – Mar 2023 | Executive finance leadership at a growth company. |
| Spectra Logic Corp. | Corporate Controller | Feb 2019 – May 2021 | Corporate controllership with oversight of accounting operations. |
Fixed Compensation
| Component | Detail |
|---|---|
| Base Salary | $280,000 per year (biweekly pay of $10,769.23). |
| Short-Term Incentive (Target Bonus %) | 75% of actual regular earnings, subject to Company discretion and achievement of business targets/initiatives. |
| Long-Term Incentive Eligibility | Eligible for annual equity grants under LTIP; the company intends annual grant awards equal to 1.5% of common shares outstanding allocated across eligible Director+ participants. |
| Employment Status | At-will employment; Company may modify position, compensation, and benefits. |
Performance Compensation
- Design: Performance-based cash and/or RSU bonuses determined by the Compensation Committee, with discretion to adjust payouts consistent with pay-for-performance philosophy; LTIP is used to align long-term interests and may include RSUs and options. Specific CFO bonus metrics/weightings are not disclosed.
- 2025 operating context under Lind:
- Q2 2025: Revenue $12,806k; SG&A $10,062k; Net loss $(6,288)k; Adjusted EBITDA $(3.6)M improved vs $(5.2)M in Q2 2024; SG&A down 31.7% YoY.
- Q3 2025: Revenue $11,503k; SG&A $9,731k; Net loss $(5,818)k; SG&A down 23.6% YoY; ~ $9M annualized cost savings targeted for 2026.
Company operating metrics during Lind’s tenure:
| Metric ($USD Thousands) | Q2 2025 | Q3 2025 |
|---|---|---|
| Revenue | 12,806 | 11,503 |
| SG&A | 10,062 | 9,731 |
| Net Loss | (6,288) | (5,818) |
“Third quarter SG&A expenses declined 23.6% year-over-year…position us to deliver approximately $9 million in total annualized cost savings in 2026.” — Erika Lind, CFO.
“SG&A discipline…reduced second quarter expenses 31.7% year-over-year…create multiple paths to positive cash flow.” — Erika Lind, CFO.
Equity Ownership & Alignment
| Policy / Requirement | Detail |
|---|---|
| Stock Ownership Guidelines | CFO must hold common shares equal to 2x base salary; five-year compliance window from appointment (policy established May 24, 2021). |
| Hedging Policy | Executives and directors are prohibited from hedging transactions (e.g., short sales, puts/calls); trading only in prescribed windows. |
| Pledging | Ownership table notes none of the listed individuals’ shares are pledged; Erika Lind is not listed in the 2025 beneficial ownership table. |
Employment Terms
| Term | Detail |
|---|---|
| CFO Effective Date | June 29, 2024. |
| Corporate Secretary Role | Signed filings as CFO and Corporate Secretary (Q3 2025). |
| Principal Accounting Officer | Assumed role January 15, 2025; no changes to compensation or equity awards with this addition. |
| Education | B.S., Metropolitan State University of Denver; MBA, Regis University (Denver). |
| Clawback Policy | Incentive compensation (including RSUs/options) may be recouped if willful misconduct or fraud leads to financial restatement; board discretion on recovery (after-tax). |
| Insider Trading Policy | Trading restricted to windows; hedging prohibited. |
| Change-of-Control Severance Plan | If involuntarily terminated within 12 months of a change in control, CFO entitled to 12 months of base salary plus Company-provided medical coverage during the severance period (subject to conditions). |
Investment Implications
- Compensation alignment: A relatively modest base salary and high variable bonus target (75%) tied to Company performance, combined with LTIP participation and ownership requirements (2x salary), support pay-for-performance and long-term alignment. Discretion in payouts and lack of disclosed quantitative bonus metrics warrant monitoring for consistency with outcomes.
- Selling pressure and retention: Ownership guidelines and insider trading window constraints, plus a clawback regime, temper near-term selling pressure; no pledging indicated for named insiders and Lind is not listed in the beneficial ownership table. Change-of-control severance of 12 months base for CFO provides retention protection without excessive golden parachutes.
- Execution track record: Lind’s finance leadership coincides with significant SG&A reductions and articulated cost-savings run-rate improvements, with Q2/Q3 2025 demonstrating improved operating profile and narrowed losses versus prior-year periods. Continued progress toward positive cash flow in 2026 is the key catalyst to watch.