Pond Technologies Holdings Inc. Announces Change to Board of Directors

Rhea-AI Summary

Pond Technologies Holdings Inc. (TSX.V:POND)(OTCQB:PNDHF) announced the resignation of Jacob Gamble from its Board of Directors, effective October 31, 2022. He will take on a new role as Strategic Advisor. CEO Grant Smith expressed gratitude for Gamble's contributions over the last 2.5 years, especially in preparing for the commercial launch of their algae growing technology. Chairman Robert McLeese stated that the company is searching for a strong replacement and is optimistic about the candidates.

Positive

• Jacob Gamble remains with the company as a Strategic Advisor, ensuring continuity in leadership.
• Ongoing search for a strong board replacement indicates proactive governance.

Negative

• Jacob Gamble's departure may create a temporary gap in board experience during the transition.

MARKHAM, ON / ACCESSWIRE / November 1, 2022 / Pond Technologies Holdings Inc. ("Pond") (TSX.V:POND)(OTCQB:PNDHF)(FSE:400), an ESG company addressing global sustainability challenges of wellness and climate change, announces today that Mr. Jacob Gamble has resigned from Pond's Board of Directors, effective October 31, 2022, to pursue other opportunities. Mr. Gamble will transition to a role of Strategic Advisor for the Company moving forward.

Grant Smith, Pond CEO, commented "On behalf of the Board and the Company, I would like to thank Jacob for his time and dedication to Pond over the past 2.5 years. Jacob's extensive experience and broad skillset has been a welcomed addition to the Pond board and has assisted us on preparing for a full-scale commercial launch of our robust algae growing technology. We wish him the very best in the future."

Robert McLeese, Pond Chairman, commented, "We are thankful for Jacob's efforts while on the board and are very pleased to have him stay on as a Strategic Advisor. With Jacob departing we have begun a thorough search for a strong replacement and are very excited with the current short list of fantastic candidates that will help Pond continue on its strategic commercial path. We look forward to updating our shareholders when that candidate has been chosen."

About Pond Technologies Holdings Inc.:

Located in Markham, Ontario, Pond Technologies has developed a proprietary system that can profitably transform CO2 into valuable products. Its Pond Carbon business focuses on absorbing greenhouse gas emissions, transforming these into food, feed, and nutraceutical ingredients. Pond recently added a Biotech division focused on the growth of unique strains of micro-algae to be used as a reproductive medium for the expression of human anti-bodies and proteins.

For more information, please visit https://www.pondtech.com/.

Forward-Looking Statements:

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 release.

For further information contact: Grant Smith, Chief Executive Officer, at info@pondtech.com, or 416-287-3835 ext. 201

SOURCE: Pond Technologies Holdings Inc.

View source version on accesswire.com:
https://www.accesswire.com/723360/Pond-Technologies-Holdings-Inc-Announces-Change-to-Board-of-Directors

FAQ

What prompted Jacob Gamble's resignation from Pond Technologies?

Jacob Gamble resigned to pursue other opportunities but will continue as a Strategic Advisor.

What impact will Jacob Gamble's resignation have on Pond Technologies?

While Gamble's resignation may create a temporary experience gap, his role as a Strategic Advisor will help maintain continuity.

When did Jacob Gamble officially resign from the Board of Directors?

Jacob Gamble's resignation from the Board of Directors was effective October 31, 2022.

What is Pond Technologies' primary focus?

Pond Technologies focuses on transforming CO2 into valuable products and has a Biotech division for micro-algae growth.