Cheetah Net Supply Chain Service Inc. Announces Resignation of Chief Financial Officer
Cheetah Net Supply Chain Service Inc. (Nasdaq CM: CTNT), a warehousing and logistics services provider, announced the resignation of its Chief Financial Officer, Robert Cook, effective August 30, 2024. Cook's departure is due to personal reasons and not related to any disagreements with the company. He will be available for part-time consulting services as needed.
Cook expressed satisfaction with his role in Cheetah's successful IPO in August 2023, despite challenging market conditions. The company's Board of Directors will conduct a search for a new CFO, considering both internal and external candidates. In the interim, Tony Liu, Chairman of the Board and CEO, will serve as the interim CFO, assuming the responsibilities of principal financial officer and principal accounting officer.
Cheetah Net Supply Chain Service Inc. (Nasdaq CM: CTNT), un fornitore di servizi di magazzinaggio e logistica, ha annunciato le dimissioni del suo Chief Financial Officer, Robert Cook, a partire dal 30 agosto 2024. La partenza di Cook è dovuta a motivi personali e non è legata a disaccordi con la società. Sarà disponibile per servizi di consulenza a tempo parziale, se necessario.
Cook ha espresso soddisfazione per il suo ruolo nell'IPO di successo di Cheetah avvenuta nell'agosto 2023, nonostante le difficili condizioni di mercato. Il Consiglio di Amministrazione della società effettuerà una ricerca per un nuovo CFO, considerando candidati sia interni che esterni. Nel frattempo, Tony Liu, Presidente del Consiglio e CEO, assumerà il ruolo di CFO ad interim, occupandosi delle responsabilità di principale responsabile finanziario e principale responsabile contabile.
Cheetah Net Supply Chain Service Inc. (Nasdaq CM: CTNT), un proveedor de servicios de almacenamiento y logística, anunció la renuncia de su Director Financiero, Robert Cook, a partir del 30 de agosto de 2024. La salida de Cook se debe a razones personales y no está relacionada con desacuerdos con la empresa. Estará disponible para servicios de consultoría a tiempo parcial según sea necesario.
Cook expresó su satisfacción con su papel en la exitosa IPO de Cheetah en agosto de 2023, a pesar de las desafiantes condiciones del mercado. La Junta Directiva de la compañía llevará a cabo una búsqueda de un nuevo CFO, considerando tanto candidatos internos como externos. Mientras tanto, Tony Liu, Presidente de la Junta y CEO, asumirá el rol de CFO interino, asumiendo las responsabilidades de principal oficial financiero y principal oficial contable.
Cheetah Net Supply Chain Service Inc. (Nasdaq CM: CTNT), 물류 및 창고 서비스 제공업체는 2024년 8월 30일부로 최고 재무 책임자, 로버트 쿡의 사임을 발표했습니다. 쿡의 사임은 개인적인 이유로 발생하며 회사와의 불화와는 관련이 없습니다. 필요할 경우 파트타임 자문 서비스로 제공될 예정입니다.
쿡은 2023년 8월 치타의 성공적인 IPO에서 자신의 역할에 만족함을 표명했습니다. 어려운 시장 상황에도 불구하고 회사의 이사회는 새로운 CFO를 위해 내부 및 외부 후보를 모두 고려하여 검색을 수행할 것입니다. 그 동안 이사회 의장 겸 CEO인 토니 리우가 임시 CFO 역할을 맡아 주요 재무 책임자 및 주요 회계 책임자의 역할을 수행할 것입니다.
Cheetah Net Supply Chain Service Inc. (Nasdaq CM: CTNT), un fournisseur de services d'entreposage et de logistique, a annoncé la démission de son Directeur Financier, Robert Cook, effective au 30 août 2024. Le départ de Cook est dû à des raisons personnelles et n'est pas lié à des désaccords avec la société. Il sera disponible pour des services de conseil à temps partiel si nécessaire.
Cook a exprimé sa satisfaction quant à son rôle dans l'IPO réussie de Cheetah en août 2023, malgré des conditions de marché difficiles. Le Conseil d'Administration de l'entreprise effectuera une recherche pour un nouveau Directeur Financier, en considérant à la fois des candidats internes et externes. En attendant, Tony Liu, Président du Conseil et PDG, agira en tant que Directeur Financier intérimaire, assumant les responsabilités de principal responsable financier et de principal responsable comptable.
Cheetah Net Supply Chain Service Inc. (Nasdaq CM: CTNT), ein Anbieter von Lager- und Logistikdienstleistungen, gab die Rücktritt von seinem Chief Financial Officer, Robert Cook, mit Wirkung zum 30. August 2024 bekannt. Cooks Rücktritt erfolgt aus persönlichen Gründen und steht nicht im Zusammenhang mit Meinungsverschiedenheiten mit dem Unternehmen. Er wird nach Bedarf für Teilzeit-Beraterdienste zur Verfügung stehen.
Cook sprach seine Zufriedenheit über seine Rolle beim erfolgreichen IPO von Cheetah im August 2023 aus, trotz der herausfordernden Marktbedingungen. Der Vorstand des Unternehmens wird auf der Suche nach einem neuen CFO sowohl interne als auch externe Kandidaten in Betracht ziehen. In der Zwischenzeit wird Tony Liu, Vorsitzender des Vorstands und CEO, als vorläufiger CFO fungieren und die Verantwortung des Hauptfinanzbeauftragten und des Hauptbuchhalters übernehmen.
- Successful completion of IPO in August 2023 despite difficult market conditions
- Departing CFO will be available for part-time consulting services
- Smooth transition with CEO stepping in as interim CFO
- Resignation of CFO, potentially disrupting financial leadership
- Potential challenges in finding a suitable replacement CFO
CHARLOTTE, N.C., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Cheetah Net Supply Chain Service Inc. (“Cheetah” or “the Company”) (Nasdaq CM: CTNT), a provider of warehousing and logistics services, today announced that Robert Cook, the Company’s chief financial officer (“CFO”), resigned from his position effective August 30, 2024. Mr. Cook’s resignation was for personal reasons and not as a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. He will be available to provide consulting services to the Company on a part-time basis at the Company’s request.
Mr. Cook commented, “I am delighted to have served as Cheetah’s first CFO and to have been a member of the team of dedicated professionals that successfully completed the Company’s initial public offering in August 2023. We worked very hard in difficult market conditions to achieve this success, and I expect that level of dedication to continue as the Company seeks to expand its capabilities in providing logistics and warehousing support for international trade between the U.S. and the People’s Republic of China.”
The Company’s board of directors (the “Board”) intends to conduct a search for potential internal and external candidates to fill the vacancy created by Mr. Cook’s resignation. In the meantime, Tony Liu, the chairman of the Board and the chief executive officer of the Company, will serve as the interim CFO and assume the duties of principal financial officer and principal accounting officer of the Company.
About Cheetah Net Supply Chain Service Inc.
Cheetah Net is a provider of logistics and warehouse services, as well as a facilitator of supply chain financing, historically known for supplying parallel-import vehicles. The Company now focuses on facilitating non-vehicle trade, providing storage services, logistics services, freight forwarding services, and inventory financing services to its clients. For more information, visit the Company’s corporate website at: https://cheetah-net.com.
Forward-Looking Statements
This press release contains certain forward-looking statements, including statements that are predictive in nature. Forward-looking statements are based on the Company’s current expectations and assumptions. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, “anticipate,” “believe,” “continue,” “estimate,” “expect,” “future,” “intend,” “may,” “outlook,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Important factors that could cause actual results to differ materially from those in the forward-looking statements are set forth in the Company’s filings with the U.S. Securities and Exchange Commission, including its registration statement on Form S-1, as amended, under the caption “Risk Factors.”
For more information, please contact:
Cheetah Net Supply Chain Service Inc.
Investor Relations
(704) 826-7280
ir@cheetah-net.com
FAQ
Why did Robert Cook resign as CFO of Cheetah Net Supply Chain Service Inc. (CTNT)?
Who will replace Robert Cook as CFO of Cheetah Net Supply Chain Service Inc. (CTNT)?
When did Cheetah Net Supply Chain Service Inc. (CTNT) complete its initial public offering?
Will Robert Cook continue to work with Cheetah Net Supply Chain Service Inc. (CTNT) after his resignation?
