One World Products Appoints Joerg Sommer as President
LAS VEGAS, NV, June 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – One World Products, Inc. (the “Company,”) (OTCQB: OWPC), the largest Black-controlled, fully-licensed hemp and cannabis producer in Colombia, today announced the appointment of Joerg Sommer as its President.
Joerg Sommer has accumulated over two decades of comprehensive experience in the automotive industry and is known to be one of the most versatile and multi-faceted C-level executives in the electric vehicle space, being one of the early proponents of electric mobility. Born in Berlin, Germany, Sommer was fortunate to experience diverse cultural environments throughout his career, having lived in Tokyo, Paris, and various locations within the United States. He currently divides his time between his home in Los Angeles and Germany.
Isiah Thomas, Chairman and CEO of One World Products, commented, “We are extremely fortunate to have attracted the talents of Mr. Joerg Sommer, as he has successfully taken multiple start-ups to and through their next level of growth by accelerating their revenue. The timing could not be more ideal - we are in the final stages of integrating and readying our state of the art distillation system, as we prepare our extraction and production facility to be operational before the end of the third quarter of 2023. We welcome Mr. Sommer to our team and look forward to him leading our next phase of growth of commercialization and acceleration of revenue.”
Joerg Sommer, President of One World Products, stated, “I am very excited to join One World Products and lead their commercialization efforts. The team at One World Products has done a tremendous job in laying a foundation and building a platform for success. Many partnership and sales opportunities have been identified and initiated and I now look forward to seeing as many as possible through to signing, implementation and ramp up. I will be working closely with our team at One World Products in doing what I have done several times before, taking an early stage company to commercialization and accelerating revenue growth, with the ultimate goal of building shareholder value.”
Mr. Sommer has held various board level roles at disruptive California-based startups and top management roles at global automotive OEMs. Sommer built electric mobility eco-systems in North America, Europe and Asia for over a decade, helping shape the industry while reducing its carbon footprint. He also served as the CEO of Street Scooter, an electric delivery truck manufacturer and energy service solutions provider in the last-mile delivery industry. In addition, Joerg has led various OEM divisions in development, manufacturing, and sales & marketing. He is renowned for his track record in forging winning teams and establishing meaningful interactions with the investor community.
Mr. Sommer is Managing Partner of peach ventures, a Berlin-based energy & mobility venture early stage fund, investing in European and US-based tech startups as an Article 8 ESG fund. He is an alumnus of both the prestigious Massachusetts Institute of Technology and the Technical University of Berlin.
After re-reading the 10K, the only other thing I found odd was that there was no mention of commercial hemp, which we know is a big focus for Isiah. It will be interesting to see what they do, I just wish they would get on with it.
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