Hapbee Technologies Inc (TSX-V:HAPB, OTCQB:HAPBF) announced that its chief executive officer Yona Shtern has been appointed as the company’s new chairman of the board, effective from February 16, 2022.
Shtern succeeds Chris Rivera, the founder who served as chairman since Hapbee’s inception. Rivera will continue to provide guidance on key strategic initiatives and remain a valuable asset to the company as a member of the board, Hapbee said.
"Thanks to our dedicated shareholder base and leadership team, Hapbee has advanced rapidly over the last two years. I am proud of where the company stands today and excited at the opportunity which lies ahead for our one-of-a-kind wellness platform," Rivera said in a statement.
"In his role as CEO, Yona has demonstrated excellent leadership and an acute understanding of what is required to successfully commercialize a cutting-edge wellness product. He will make a fantastic chairman of the board, and I look forward to working with him and other board members in implementing our aggressive growth strategy," he added.
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While chairman, Rivera played an instrumental role in guiding Hapbee to its current stage of development, having helped structure the company's licensing deal with EMulate Therapeutics Inc.
Among other leadership responsibilities during his tenure as chairman, Rivera spearheaded the assembly of Hapbee's board and executive teams, while overseeing signal R&D initiatives.
"I would like to thank Chris for serving as the company's founding chairman of the board and helping to guide it through critical stages," said Shtern. "He will remain an invaluable member of our board. In addition to my role as CEO, I'm honored to accept the position as chairman of Hapbee."
Hapbee also announced that it has several initiatives underway and expects to provide business development updates in the coming weeks.
Hapbee is a wearable wellness technology company that aims to help people enhance how they feel. Powered by patented ultra-low radiofrequency energy (ulRFE) technology, the company's product delivers low-power electromagnetic signals designed to produce sensations such as Happy, Alert, Focus, Relax, and others.
Contact the author at jon.hopkins@proactiveinvestors.com