KULR Changes Designation of Principal Executive Office to Texas, Announces Leadership Transition
KULR Technology Group, Inc. (NYSE American: KULR), a global leader in sustainable energy management, has announced significant changes in its leadership and operations. The company's President and Chief Operating Officer, Keith Cochran, has mutually agreed to resign effective August 20, 2024. In response, KULR has redistributed the oversight of daily operations among its executive management team, led by CEO Michael Mo.
Simultaneously, KULR has designated Webster, Texas, as its principal executive office, aligning with the company's accelerated strategic shift. While Webster is now KULR's largest office, the San Diego location will continue to serve as a important innovation hub. These changes reflect KULR's evolving business strategy and operational focus.
KULR Technology Group, Inc. (NYSE American: KULR), un leader globale nella gestione dell'energia sostenibile, ha annunciato importanti cambiamenti nella sua direzione e nelle operazioni. Il presidente e Chief Operating Officer dell'azienda, Keith Cochran, ha concordato di dimettersi, con effetto dal 20 agosto 2024. In risposta, KULR ha ridistribuito la supervisione delle operazioni quotidiane tra il suo team di gestione esecutiva, guidato dal CEO Michael Mo.
Contemporaneamente, KULR ha designato Webster, in Texas, come sua principale sede esecutiva, allineandosi con il rapido cambio strategico dell'azienda. Pur essendo Webster ora il maggior ufficio di KULR, la sede di San Diego continuerà a servire come un importante centro di innovazione. Questi cambiamenti riflettono la strategia aziendale in evoluzione di KULR e il focus operativo.
KULR Technology Group, Inc. (NYSE American: KULR), un líder global en la gestión de energía sostenible, ha anunciado cambios significativos en su liderazgo y operaciones. El presidente y director de operaciones de la empresa, Keith Cochran, ha acordado mutuamente renunciar, con efectividad a partir del 20 de agosto de 2024. En respuesta, KULR ha redistribuido la supervisión de las operaciones diarias entre su equipo de gestión ejecutiva, liderado por el CEO Michael Mo.
Al mismo tiempo, KULR ha designado a Webster, Texas, como su oficina ejecutiva principal, alineándose con el cambio estratégico acelerado de la compañía. Mientras que Webster es ahora la oficina más grande de KULR, la ubicación de San Diego seguirá sirviendo como un importante centro de innovación. Estos cambios reflejan la estrategia empresarial en evolución de KULR y su enfoque operativo.
KULR 기술 그룹, Inc. (NYSE American: KULR)는 지속 가능한 에너지 관리의 글로벌 리더로서 리더십 및 운영에서 중요한 변화를 발표했습니다. 회사의 사장이자 최고 운영 책임자인 Keith Cochran은 2024년 8월 20일부로 상호 합의 하에 사임하기로 하였습니다. 이에 따라 KULR은 CEO Michael Mo가 이끄는 경영진 팀 간에 일상 운영 감독을 재분배하였습니다.
동시에 KULR은 텍사스주 웹스터를 주된 경영 사무소로 지정하며 회사의 빠른 전략적 변화에 발맞추고 있습니다. 웹스터는 이제 KULR의 가장 큰 사무소이지만, 샌디에고 지사는 중요한 혁신 허브로 계속 기능할 것입니다. 이러한 변화는 KULR의 진화하는 비즈니스 전략과 운영 초점을 반영합니다.
KULR Technology Group, Inc. (NYSE American: KULR), un leader mondial dans la gestion de l'énergie durable, a annoncé des changements significatifs dans sa direction et ses opérations. Le président et directeur des opérations de l'entreprise, Keith Cochran, a convenu de démissionner, avec effet au 20 août 2024. En réponse, KULR a redistribué la supervision des opérations quotidiennes entre son équipe de direction, dirigée par le PDG Michael Mo.
Simultanément, KULR a désigné Webster, au Texas, comme son principal bureau exécutif, s'alignant ainsi sur le changement stratégique accéléré de l'entreprise. Bien que Webster soit maintenant le plus grand bureau de KULR, le site de San Diego continuera à jouer le rôle d'un important centre d'innovation. Ces changements reflètent la stratégie commerciale en évolution de KULR et son orientation opérationnelle.
KULR Technology Group, Inc. (NYSE American: KULR), ein globaler Marktführer im Bereich nachhaltiges Energiemanagement, hat bedeutende Veränderungen in seiner Führung und seinen Betriebsabläufen angekündigt. Der Präsident und Chief Operating Officer des Unternehmens, Keith Cochran, hat einvernehmlich beschlossen, zum 20. August 2024 zurückzutreten. In Reaktion darauf hat KULR die Aufsicht über die täglichen Abläufe neu verteilt, geleitet vom CEO Michael Mo.
Gleichzeitig hat KULR Webster, Texas, zu seinem zentralen Geschäftssitz ernannt, um sich mit dem beschleunigten strategischen Wandel des Unternehmens in Einklang zu bringen. Während Webster nun das größte Büro von KULR ist, wird der Standort in San Diego weiterhin als wichtiges Innovationszentrum dienen. Diese Veränderungen spiegeln die sich entwickelnde Geschäftsstrategie und den operativen Fokus von KULR wider.
- Realignment of operations to Webster, Texas, potentially optimizing resources
- Continuation of San Diego office as innovation hub, maintaining R&D capabilities
- Resignation of President and COO, potentially disrupting leadership continuity
- Possible operational challenges during leadership transition and office relocation
SAN DIEGO, Aug. 21, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, announced today the mutually agreed upon resignation of Keith Cochran as President and Chief Operating Officer, effective August 20, 2024. KULR has re-allocated the oversight of its day-to-day operations among its executive level management, headed by Chief Executive Officer, Michael Mo.
“On behalf of the Board and rest of the Company, I want to thank Keith for his years of service to the Company,” said Michael Mo. “We are appreciative of Keith's expertise and leadership throughout his tenure as President and Chief Operating Officer and wish him well in his future endeavors.”
KULR’s Board believes the new leadership structure fully aligns with the Company’s accelerated strategic shift to Webster, Texas, which the Company has designated as its principal executive office. While Webster is already the Company's largest office, its San Diego location will continue to be a critical innovation hub.
About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) is a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Leveraging a foundation in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems, KULR has evolved its holistic suite of products and services to enable its customers across disciplines to operate with efficiency and sustainability in mind. For more information, please visit www.kulrtechnology.com.
Safe Harbor Statement
This press release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity. This release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K filed with the Securities and Exchange Commission on April 12, 2024, as may be amended or supplemented by other reports we file with the Securities and Exchange Commission from time to time. Forward-looking statements include statements regarding our expectations, beliefs, intentions, or strategies regarding the future and can be identified by forward-looking words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” and “would” or similar words. All forecasts are provided by management in this release are based on information available at this time and management expects that internal projections and expectations may change over time. In addition, the forecasts are entirely on management’s best estimate of our future financial performance given our current contracts, current backlog of opportunities and conversations with new and existing customers about our products and services. We assume no obligation to update the information included in this press release, whether because of new information, future events or otherwise.
Investor Relations:
KULR Technology Group, Inc.
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Email: ir@kulrtechnology.com
FAQ
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