Juul Labs Inc. has appointed two new independent directors with expertise in restructuring as the vaping company searches for a financial rescue and prepares for a possible bankruptcy filing.
One of the new directors is David Barse, who has helped lead the bankruptcy restructuring of cryptocurrency lending company Celsius Network Ltd. as an independent director. The other is Paul Aronzon, a strategic financial consultant and former co-leader of the global financial restructuring group at Milbank LLP, an international law firm. With their addition, Juul’s board now has 10 members.
