Hitting Life's Reset Button

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July 24, 2018

MedMen's New Board Member Had Stints at Pfizer, Richemont

Stacey Hallerman has an impressive resume; vice president, chief legal counsel and board member at global luxury brand conglomerate Richemont, home of iconic brands such as Cartier, Van Cleef & Arpels, Montblanc and Chloe, and senior corporate counsel at pharmaceutical giant Pfizer where she developed and managed Pfizer’s strategy for global brand protection, enforcement and litigation. She spent more than a decade at each position and then… she decided to leave it all behind and move to Los Angeles.

You reached a professional pinnacle very few people get to reach. How do you leave it all behind, just pack up and move?

I loved my job at Richemont. I am incredibly proud of what I accomplished there, building an entire legal department from the ground up and finding ways to work together in a company with nearly thirty thousand employees around the globe. My time at Richemont was extremely rewarding and I believe I made a positive and lasting impact on the company and its people. But I was ready for a new chapter. I am still building my life story and it was time to hit the reset button.

Our two sons came to Los Angeles to study and ended up settling here, so last October my husband and I left our lives in New York and came to join them. At the end of the day, it is family that is most important.

We didn’t really have a plan. I knew something would reveal itself. Of course, I couldn’t have known at the time it would be MedMen.

How did you find MedMen?

Shortly after I arrived in Los Angeles, I began seeing the company’s billboards everywhere. I thought how different it was, that a marijuana company had such a mainstream feel and message. So I visited one of the stores, and I was so impressed with the atmosphere and the staff. By chance, I met Lisa (MedMen’s General Counsel L.D. Sergi) at a function, and we got to talking and that evolved into an invitation to join the board. It feels like it was meant to be.

Why a cannabis company?

Why not? This is the most exciting industry on the globe today. It is not every day that you get a chance to be on the ground floor of a brand-new industry as it is being built.

I think my experience in consumer markets, brands, intellectual property and business management could be very valuable to the company as it continues to grow rapidly and build shareholder value.

What guides you?

A long time ago, when I was still at Pfizer I attended a global legal conference. During one of the presentations, the company’s general counsel challenged the lawyers to go back to their desks the following day and say “yes” to something that they would have normally said “no” to. It is a lesson I carry with me to this day. It is important to challenge the status quo. It forces you to be more creative, to find innovative solutions. I think that’s what MedMen is doing. It is challenging preconceptions and daring to say yes.

What do you expect to bring to MedMen?

I see myself as a businessperson who happens to have a law degree. In my previous jobs, I saw my role as a little bit of everything: fixer, office psychologist, crisis manager, decision maker… I am here to lend all of my expertise and help solidify MedMen’s leading position in this exciting industry.

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