17th Jul 2015 06:47
LONDON (Alliance News) - Wearable technology company CloudTag Inc said Friday it has appointed John Wakely as its finance director with immediate effect, replacing Interim Finance Director Mike Hirschfield, who will now step down from being a director of the company.
Wakely previously acted as executive vice president of transportation, storage and distribution service provider Stolt-Nielsen Ltd.
Upon Hirschfield's resignation, the company will issue him with 1.6 million shares at a price of 2.25 pence to settle the outstanding GBP36,000 of fees owed to him. He has agreed not to sell any of these shares for a period of nine months.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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