Charlie's Holdings names Henry Sicignano CEO amid leadership shift

Charlie's Holdings, Inc. (OTCQB: CHUC) announced that its board of directors has named Henry Sicignano III as Chief Executive Officer, effective immediately. Sicignano will also continue to serve as the company's President.

Separately, co-founder and current Chief Operating Officer Ryan Stump will transition out of his day-to-day management role effective September 4, 2026. Stump will remain on the board of directors and take on responsibility for strategic partnership initiatives, including efforts to monetize the company's portfolio of submitted Premarket Tobacco Application (PMTA) products. Stump's family collectively owns approximately 30% of the company, including his direct 10% ownership stake.

The leadership changes come as Charlie's Holdings prepares to launch what it describes as an age-gated flavored disposable vape product under its PACHA brand, incorporating patented age-gating technology licensed from IKE Tech LLC. The company said it plans to use real-world market data from the launch to support its regulatory submissions to the FDA.

"Our commitments to regulatory compliance, youth access prevention, and the creation of simply great products are what have always set Charlie's apart," Sicignano said in a statement.

Stump stated that if the company secures regulatory acceptance of a portion of its age-gated PACHA product line, he believes the company has "$1-2 billion market cap potential," though he acknowledged there are no guarantees.

Charlie's Holdings is based in Costa Mesa, California, and sells vapor products through its subsidiary Charlie's Chalk Dust, LLC to distributors, specialty retailers, and third-party online resellers worldwide.

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