Cloud Nine Education Group Ltd (CVE:CNI) (OTCMKTS:CLGUF) has announced the appointments of Kant Trivedi to its board of directors and Nilda Rivera as chief financial officer and corporate secretary, effective immediately.
The company said that Trivedi has over 20 years of experience building and managing world-class customer operations within the technology, telecommunications, financial services, and blockchain sectors.
He is a co-founder and director of Blockfusion Technologies Inc, a technology company building the world's largest blockchain and AI infrastructure. Blockfusion has been investing in new capabilities to offer end-to-end crypto services to fuel mainstream crypto adoption and stay at the forefront of future technology advancements.
READ: Cloud Nine Education closes non-brokered private placement financing of secured convertible debentures for $1,199,600
Before founding Blockfusion, Trivedi was CFO and managing director (partner) at Greenwich Associates, a consulting firm that works with over 260 of the largest banks and Fintech firms globally.
He also held several senior leadership positions with Rogers Communications Inc (TSE:RCI), one of Canada's largest communications and media companies. He also authored and implemented the Rogers Enterprise Business Unit customer operations strategy and led award-winning teams responsible for fixed land-line, mobile, data center, colocation, cloud and Internet of Things (IoT), supporting revenue growth to over $1.9 billion. Prior to Rogers Communications, he was general manager at Look Communications and was accountable for the operations and technology teams, supporting its growth from a market capitalization of $20 million to $1.5 billion.
“With Kant’s extensive blockchain technology experience and leadership roles, his expertise and guidance will be of great value to Cloud Nine as the Company executes its growth strategy,” said Cloud Nine CEO Allan Larmour in a statement.
Meanwhile. the company said that new CFO Rivera has over 20 years of experience in corporate and operational finance and managed publicly listed companies in the areas of accounting, finance, regulatory compliance, and corporate governance. She was involved in IPOs, RTOs, and mergers and acquisitions in several industries including cannabis, hemp, resource and technology, and assisted various start-up companies in achieving public listings on major US and Canadian exchanges.
Prior to joining Cloud Nine, Rivera served as vice president of finance and corporate secretary at Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB) where she was instrumental in building its finance team, and involved in completing its early equity and debt financings and its uplisting to the TSE and NYSE. She has also served as CFO, corporate secretary, and director for several public mining and exploration companies.
“We are excited to welcome Nilda to Cloud Nine’s executive team,” Larmour said. “Her caliber and considerable experience in corporate finance with public companies will be of great benefit to us as we anticipate her to be an important part of our growth.”
Rivera will replace Kulwant Sandher who will remain a director of the company.
Under its stock option plan, the company has granted to its new director and officer options to purchase 200,000 common shares at $1.08 each for a period of five years. The options will vest quarterly over a period of two years.
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