Fobi AI Announces CFO Transition, Taps Long-Tenured Board Member Jeffrey Hyman as CFO
Fobi AI (OTCQB:FOBIF) announced a significant leadership change with the appointment of board member Jeffrey Hyman as Chief Financial Officer (CFO), effective immediately. The transition comes as the company restructures its finance team following the completion of its German subsidiary sale and amid ongoing audit processes.
CEO Rob Anson highlighted that the company identified necessary changes during this year's audit. To address these needs, Fobi has engaged a third-party accounting firm to assist with the audit and handle daily accounting tasks, implementing new automated systems to improve efficiency while reducing full-time headcount.
Fobi AI (OTCQB:FOBIF) ha annunciato un importante cambiamento nella leadership con la nomina del membro del consiglio Jeffrey Hyman come Chief Financial Officer (CFO), con effetto immediato. La transizione avviene mentre l'azienda ristruttura il suo team finanziario in seguito alla vendita della sua filiale tedesca e nel contesto di processi di revisione contabile in corso.
Il CEO Rob Anson ha sottolineato che durante la revisione di quest'anno sono state individuate modifiche necessarie. Per rispondere a queste esigenze, Fobi ha coinvolto una società di contabilità esterna per supportare la revisione e gestire le attività contabili quotidiane, implementando nuovi sistemi automatizzati per migliorare l'efficienza e ridurre il personale a tempo pieno.
Fobi AI (OTCQB:FOBIF) anunció un cambio significativo en su liderazgo con el nombramiento del miembro de la junta Jeffrey Hyman como Director Financiero (CFO), con efecto inmediato. La transición se produce mientras la empresa reestructura su equipo financiero tras la venta de su subsidiaria alemana y en medio de procesos de auditoría en curso.
El CEO Rob Anson destacó que durante la auditoría de este año se identificaron cambios necesarios. Para abordar estas necesidades, Fobi ha contratado a una firma contable externa para asistir en la auditoría y manejar las tareas contables diarias, implementando nuevos sistemas automatizados para mejorar la eficiencia y reducir el personal a tiempo completo.
Fobi AI (OTCQB:FOBIF)는 이사회 멤버인 Jeffrey Hyman을 최고재무책임자(CFO)로 즉시 임명하는 중대한 리더십 변화를 발표했습니다. 이번 전환은 독일 자회사 매각 완료와 진행 중인 감사 절차 속에서 회사가 재무팀을 재구성하는 과정에서 이루어졌습니다.
CEO Rob Anson은 올해 감사 과정에서 필요한 변화가 확인되었다고 강조했습니다. 이러한 요구를 해결하기 위해 Fobi는 외부 회계법인을 고용하여 감사를 지원하고 일상적인 회계 업무를 처리하며, 효율성을 높이고 정규직 인력을 줄이기 위해 새로운 자동화 시스템을 도입했습니다.
Fobi AI (OTCQB:FOBIF) a annoncé un changement important dans sa direction avec la nomination du membre du conseil Jeffrey Hyman en tant que Directeur Financier (CFO), avec effet immédiat. Cette transition intervient alors que l'entreprise restructure son équipe financière suite à la vente de sa filiale allemande et dans le cadre des audits en cours.
Le PDG Rob Anson a souligné que des changements nécessaires ont été identifiés lors de l'audit de cette année. Pour répondre à ces besoins, Fobi a fait appel à une société comptable externe pour assister l'audit et gérer les tâches comptables quotidiennes, en mettant en place de nouveaux systèmes automatisés afin d'améliorer l'efficacité tout en réduisant les effectifs à temps plein.
Fobi AI (OTCQB:FOBIF) gab eine bedeutende Führungsänderung bekannt, indem der Vorstandsmitglied Jeffrey Hyman zum Chief Financial Officer (CFO) mit sofortiger Wirkung ernannt wurde. Der Wechsel erfolgt, während das Unternehmen sein Finanzteam nach dem Verkauf der deutschen Tochtergesellschaft umstrukturiert und sich inmitten laufender Prüfungsprozesse befindet.
CEO Rob Anson betonte, dass im Rahmen der diesjährigen Prüfung notwendige Änderungen identifiziert wurden. Um diesen Anforderungen gerecht zu werden, hat Fobi eine externe Wirtschaftsprüfungsgesellschaft beauftragt, die Prüfung zu unterstützen und die täglichen Buchhaltungsaufgaben zu übernehmen, wobei neue automatisierte Systeme eingeführt werden, um die Effizienz zu steigern und die Vollzeitstellenzahl zu reduzieren.
- Appointment of experienced board member Jeffrey Hyman as CFO brings financial transformation expertise
- Implementation of new automated accounting systems to improve efficiency
- Engagement of third-party accounting firm provides scalable expertise
- Successful completion of German subsidiary sale
- Identified significant needs for change in accounting function during audit
- Company currently not trading, pending audit completion
- Reduction in full-time finance headcount
- Ongoing restructuring needs in finance department
VANCOUVER, B.C., July 14, 2025 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI: TSXV FOBIF: OTCQB) (the “Company” or “FOBI”), a leader in providing real-time data analytics through artificial intelligence to drive customer activation and engagement, today announces it is restructuring its finance team and longtime board Member Jeffrey Hyman will step in as the Company’s Chief Financial Officer (CFO), effective immediately.
The decision to bring in new financial leadership reflects the company’s commitment to transparency, accountability, and long-term sustainable growth. Hyman, a veteran finance executive with decades of experience in financial transformation, restructuring, and strategic scaling, joins Fobi at a pivotal moment as it positions itself for the next chapter of expansion.
Fobi CEO Rob Anson stated: “During this year's audit, we identified significant needs for change and upgrades within our accounting function. Now that the sale of our German subsidiary is complete, our priority is finalizing the audit and resuming trading as quickly as possible. Given this focus, I felt it was the right time to bring Jeff on as CFO. His background makes him ideal to lead the audit process and restructure our ongoing Finance functions. We have engaged a third-party accounting firm to assist with the audit and handle all daily accounting tasks. This partnership allows us to implement new automated systems and processes, significantly improving efficiency. Utilizing this full-scope third-party firm also enables us to reduce full-time headcount while gaining access to scalable expertise as needed."
CFO, Jeffrey Hyman stated: “FOBI’s vision and capabilities have been evolving in alignment with the marketplace since my initial involvement with the Company. We are well positioned to leverage those assets in due course. I am thankful for the appointment to lead our finance team as an integral function in our growth.”
This Press Release Is Available On the Fobi Website, For Shareholder Discussion and Management Engagement
About Fobi
Fobi is a cutting-edge data intelligence company that helps our clients turn real-time data into actionable insights and personalized customer engagement to generate increased profits. Fobi’s unique IoT device has the ability to integrate seamlessly into existing infrastructure to enable data connectivity across online and on-premise platforms creating highly scalable solutions for our global clients. Fobi partners with some of the largest companies in the world to deliver best-in-class solutions and operates globally in the retail, telecom, sports & entertainment, casino gaming, and hospitality & tourism industries.
For more information, please contact
| Fobi AI Inc. | Fobi Website: www.fobi.ai | |
| Rob Anson, CEO | Facebook: @ Fobiinc | |
| T : +1 877-754-5336 Ext. 4 | Twitter: @ Fobi_inc | |
| E: ir@fobi.ai | LinkedIn: @ Fobiinc |
This news release contains certain statements that constitute forward-looking statements or information, including statements regarding Fobi's business and technology; the ability of Fobi to engage with industry participants to achieve its goals; the development of Fobi's technology; and the viability of Fobi's business model. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Fobi's control, including the impact of general economic conditions, industry conditions, competition from other industry participants, stock market volatility, and the ability to access sufficient capital from internal and external sources. Although Fobi believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties, and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated, or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity, or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Fobi does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Fobi should be considered highly speculative. There can be no assurance that Fobi will be able to achieve all or any of its proposed objectives.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
FAQ
Who is the new CFO of Fobi AI (FOBIF) and when does the appointment take effect?
Why did Fobi AI (FOBIF) change its CFO in July 2025?
What changes is Fobi AI (FOBIF) implementing in its finance department?
When will Fobi AI (FOBIF) resume trading?
What recent corporate actions has Fobi AI (FOBIF) completed?
