Valereum Plc announced today that Nick Cowan will resign as CEO, with immediate effect, after the unsuccessful completion of the DMC agreement.
A total of 10,000,000 orders previously made available to Nick Cowan have been canceled.
In addition, Valereum announced a set of proposed appointments. Each appointment is subject to the completion of the usual audits of due diligence by the company’s advisers.
- Suggested 1-Matthew Ripperger as a non-executive manager
- Suggested 2-Grant Gischen as a non-executive manager
- Proposed appointed 3 – John Evans as a Board of Directors Advisor
There will be further changes to the Board of Directors.
Gary Cottle will accelerate a non -executive director to the executive director.
Karl Moss will leave the Board of Directors, but maintains his position as financial director.
Peter Sekhon will resign from the Board of Directors and take responsibility for a new role, business development, while continuing his responsibilities for investor relations.
Valereum will begin the process of appointing a new CEO and expects to announce a replacement in due time. In the meantime, the Board of Directors remains focused on executing the company’s vision and business priorities.