Hypercharge Enhances Financial Leadership with New CFO and Controller Promotion
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) has announced key changes to its financial leadership team. Alex McAulay will join as Chief Financial Officer effective January 10, 2025, receiving 100,000 stock options exercisable at the closing price on his start date with a 4-year term, and 100,000 restricted share units vesting on January 10, 2026. Additionally, Roy Quiñones, CPA, CMA, has been promoted from Accounting Manager to Controller, effective January 1, 2025. Quiñones has been with the company since May 2022. The changes mark a transition from outgoing CFO Navraj Dosanjh.
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) ha annunciato importanti cambiamenti nel suo team di leadership finanziaria. Alex McAulay si unirà come Chief Financial Officer a partire dal 10 gennaio 2025, ricevendo 100.000 opzioni su azioni esercitabili al prezzo di chiusura nella data di inizio, con un termine di 4 anni, e 100.000 unità di azioni vincolate che matureranno il 10 gennaio 2026. Inoltre, Roy Quiñones, CPA, CMA, è stato promosso da Accounting Manager a Controller, con effetto dal 1° gennaio 2025. Quiñones è con l'azienda dal maggio 2022. Questi cambiamenti segnano una transizione dal CFO uscente Navraj Dosanjh.
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) ha anunciado cambios clave en su equipo de liderazgo financiero. Alex McAulay se unirá como Director Financiero a partir del 10 de enero de 2025, recibiendo 100,000 opciones sobre acciones que podrán ejercerse al precio de cierre en su fecha de inicio, con un periodo de 4 años, y 100,000 unidades de acciones restringidas que se otorgarán el 10 de enero de 2026. Además, Roy Quiñones, CPA, CMA, ha sido ascendido de Gerente de Contabilidad a Controlador, con efecto a partir del 1 de enero de 2025. Quiñones ha estado con la empresa desde mayo de 2022. Los cambios marcan una transición del CFO saliente Navraj Dosanjh.
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF)는 금융 리더십 팀에서 중요한 변화를 발표했습니다. Alex McAulay가 2025년 1월 10일부터 최고재무책임자(CFO)로 합류하며, 시작일의 종가를 기준으로 행사할 수 있는 100,000주 분의 주식 옵션과 4년의 기간을 갖고 2026년 1월 10일에 행사 가능한 100,000주 분의 제한 주식 유닛을 받게 됩니다. 또한, Roy Quiñones, CPA, CMA가 2025년 1월 1일부터 회계 관리자에서 관리자(Controller)로 승진했습니다. Quiñones는 2022년 5월부터 회사에 재직 중입니다. 이번 변화는 퇴임 예정인 CFO Navraj Dosanjh의 후임으로 이루어집니다.
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) a annoncé des changements clés dans son équipe de direction financière. Alex McAulay rejoindra l'entreprise en tant que directeur financier (CFO) à compter du 10 janvier 2025, recevant 100 000 options d'actions exerçables au prix de clôture à sa date de début, avec une période de 4 ans, et 100 000 unités d'actions restreintes devenant acquises le 10 janvier 2026. De plus, Roy Quiñones, CPA, CMA, a été promu de directeur de la comptabilité à contrôleur, prenant effet le 1er janvier 2025. Quiñones est avec l'entreprise depuis mai 2022. Ces changements marquent une transition depuis le CFO sortant Navraj Dosanjh.
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) hat wichtige Änderungen in seinem Finanzführungsteam bekannt gegeben. Alex McAulay wird ab dem 10. Januar 2025 als Chief Financial Officer (CFO) einsteigen und erhält 100.000 Aktienoptionen, die zum Schlusskurs am Tag seines Eintritts ausgeübt werden können, mit einer Laufzeit von 4 Jahren, sowie 100.000 eingeschränkte Aktieneinheiten, die am 10. Januar 2026 fällig werden. Außerdem wurde Roy Quiñones, CPA, CMA, zum Controller befördert, mit Wirkung zum 1. Januar 2025, nachdem er zuvor als Accounting Manager tätig war. Quiñones ist seit Mai 2022 im Unternehmen. Diese Änderungen markieren einen Übergang vom scheidenden CFO Navraj Dosanjh.
- Strengthening of financial leadership with experienced public company CFO
- Internal promotion showing stability in financial team and succession planning
- Departure of current CFO could indicate potential transition risks
- Stock-based compensation package for new CFO represents potential dilution for shareholders
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2024) - Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) (FSE: PB7) (the "Company" or "Hypercharge"), a leading, smart electric vehicle (EV) charging solutions provider and network operator, is pleased to announce the appointment of Alex McAulay as the Company's Chief Financial Officer, effective January 10, 2025.
In connection with the appointment of Mr. McAulay, the Company has approved a grant of 100,000 incentive stock options (the "Options") and 100,000 restricted share units ("RSUs") pursuant to the Company's equity incentive plan. The Options are exercisable at the closing price of the Company's shares on January 10, 2025, for a term of 4 years, and the RSUs are to vest as to
The Company is also pleased to announce the promotion of Roy Quiñones, CPA, CMA, from Accounting Manager to Controller, effective January 1, 2025. Mr. Quiñones has been with Hypercharge since May 2022, and has played a pivotal role in strengthening the Company's financial operations.
"We are thrilled to welcome Alex as our new CFO and member of the executive team. Alex is a seasoned CFO with extensive public company experience, and his financial leadership will help guide us through the next phase of our journey," said David Bibby, President & CEO of Hypercharge. "I would also like to congratulate Roy on his well-deserved promotion to Controller, and to take this opportunity to thank Navraj Dosanjh, our outgoing CFO, for his dedication to Hypercharge over the past two years."
-##-
About Hypercharge
Hypercharge Networks Corp. (TSXV: HC) (OTCQB: HCNWF) (FSE: PB7) is a leading provider of smart electric vehicle (EV) charging solutions for residential and commercial buildings, fleet operations, and other rapidly growing sectors. Driven by its mission to accelerate EV adoption and enable the shift towards a carbon neutral economy, Hypercharge is committed to offering seamless, simple solutions including industry-leading hardware, innovative and integrated software, and comprehensive services, backed by a robust network of public and private charging stations. Learn more: https://hypercharge.com/.
On behalf of the Company,
Hypercharge Networks Corp.
David Bibby, President & CEO
Contact
Media & Investor Relations:
Kyle Kingsnorth, Head of Marketing
kyle.kingsnorth@hypercharge.com | +1 (888) 320-2633
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "could", "should", "anticipate", "will", "estimates", "believes", "intends", "expects" and similar expressions which are intended to identify forward-looking statements. Forward-looking statements are inherently uncertain, and the actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of the Company. Readers are cautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company. Readers are further cautioned not to place undue reliance on any forward-looking statements, as such information, although considered reasonable by management of the Company at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
The forward-looking statements contained in this news release are made as of the date of this news release, and are expressly qualified by the foregoing cautionary statement. Except as expressly required by securities law, the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234990
FAQ
When will Alex McAulay start as CFO of Hypercharge Networks (HCNWF)?
What compensation package was granted to HCNWF's new CFO?
Who is replacing Navraj Dosanjh as CFO at Hypercharge Networks (HCNWF)?
When does Roy Quiñones begin his role as Controller at HCNWF?
