Cannasure Insurance Services has hired Joe Foley to the position of chief financial officer.
Foley has over 20 years of experience as an advisor and principal in corporate finance, mergers and acquisitions, strategy, and operations. His knowledge spans various industry segments such as insurance, healthcare, and renewable and clean energy.
He was most recently a partner at Falcon, a private equity talent platform. He also has experience working with Merrill Lynch in New York before serving as an investment banker at National City Bank (now PNC) in Cleveland.
Foley later joined the Cleveland Clinic as director of business development.
“We are thrilled to bring someone of Joe’s caliber on to our ever-expanding leadership team,” said Cannasure CEO Patrick McManamon.
McManamon mentioned that Foley’s experience in navigating emerging markets will serve Cannasure’s clients and insurance partners well, as the cannabis-focused MGA and wholesale broker continues to develop products and services.
“I am excited to bring my background and skillset to Cannasure, which has unparalleled experience servicing the nascent cannabis industry,” Foley said. “The company is at a key inflection point and is ideally situated to bolster its position as an industry leader. I am eager to leverage my finance and operations capabilities to help propel the company forward.”