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Red Cat Announces Appointment of Christian Koji Ericson as Chief Financial Officer

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Red Cat Holdings (Nasdaq: RCAT) has appointed Christian Koji Ericson as its new Chief Financial Officer, effective March 17, 2025. Ericson brings over 20 years of finance and accounting experience, including 11 years at PricewaterhouseCoopers and senior finance roles at Nu Skin Enterprises.

Prior to joining Red Cat, Ericson served as Head of Finance and Accounting at Western Steel Buildings, where he focused on scaling financial operations and optimizing compliance structures. He holds a Master of Accountancy and Bachelor of Science in Accountancy from Brigham Young University, is a CPA, and is fluent in Japanese.

The appointment aligns with Red Cat's strategy to strengthen its position in drone technology integration for military, government, and commercial operations.

Red Cat Holdings (Nasdaq: RCAT) ha nominato Christian Koji Ericson come nuovo Chief Financial Officer, con effetto dal 17 marzo 2025. Ericson porta con sé oltre 20 anni di esperienza nel settore finanziario e contabile, inclusi 11 anni presso PricewaterhouseCoopers e ruoli senior in finanza presso Nu Skin Enterprises.

Prima di unirsi a Red Cat, Ericson ha ricoperto il ruolo di Responsabile Finanza e Contabilità presso Western Steel Buildings, dove si è concentrato sull'espansione delle operazioni finanziarie e sull'ottimizzazione delle strutture di conformità. Ha conseguito un Master in Contabilità e una Laurea in Scienze della Contabilità presso la Brigham Young University, è un CPA ed è fluente in giapponese.

La nomina si allinea con la strategia di Red Cat di rafforzare la propria posizione nell'integrazione della tecnologia dei droni per operazioni militari, governative e commerciali.

Red Cat Holdings (Nasdaq: RCAT) ha nombrado a Christian Koji Ericson como su nuevo Director Financiero, con efecto a partir del 17 de marzo de 2025. Ericson aporta más de 20 años de experiencia en finanzas y contabilidad, incluidos 11 años en PricewaterhouseCoopers y roles senior en finanzas en Nu Skin Enterprises.

Antes de unirse a Red Cat, Ericson fue Jefe de Finanzas y Contabilidad en Western Steel Buildings, donde se centró en escalar las operaciones financieras y optimizar las estructuras de cumplimiento. Tiene una Maestría en Contabilidad y una Licenciatura en Ciencias de la Contabilidad de la Universidad Brigham Young, es CPA y habla japonés con fluidez.

La designación se alinea con la estrategia de Red Cat para fortalecer su posición en la integración de tecnología de drones para operaciones militares, gubernamentales y comerciales.

레드 캣 홀딩스 (Nasdaq: RCAT)는 크리스찬 코지 에릭슨을 새로운 최고 재무 책임자로 임명했다고 발표했습니다. 임기는 2025년 3월 17일부터 시작됩니다. 에릭슨은 20년 이상의 재무 및 회계 경험을 보유하고 있으며, 그 중 11년은 프라이스워터하우스쿠퍼스에서 근무했고, 누 스킨 엔터프라이즈에서 고위 재무 역할을 수행했습니다.

레드 캣에 합류하기 전, 에릭슨은 웨스턴 스틸 빌딩스에서 재무 및 회계 책임자로 근무하며 재무 운영의 확장과 컴플라이언스 구조의 최적화에 집중했습니다. 그는 브리검 영 대학교에서 회계 석사 및 회계 학사 학위를 받았으며, CPA 자격을 보유하고 있고 일본어에 능통합니다.

이번 임명은 군사, 정부 및 상업 운영을 위한 드론 기술 통합에서 레드 캣의 입지를 강화하려는 전략과 일치합니다.

Red Cat Holdings (Nasdaq: RCAT) a nommé Christian Koji Ericson en tant que nouveau directeur financier, à compter du 17 mars 2025. Ericson apporte plus de 20 ans d'expérience en finance et en comptabilité, dont 11 ans chez PricewaterhouseCoopers et des postes financiers seniors chez Nu Skin Enterprises.

Avant de rejoindre Red Cat, Ericson a été responsable des finances et de la comptabilité chez Western Steel Buildings, où il s'est concentré sur l'expansion des opérations financières et l'optimisation des structures de conformité. Il détient un Master en comptabilité et une Licence en sciences comptables de l'Université Brigham Young, est CPA et parle couramment japonais.

La nomination s'inscrit dans la stratégie de Red Cat visant à renforcer sa position dans l'intégration de la technologie des drones pour les opérations militaires, gouvernementales et commerciales.

Red Cat Holdings (Nasdaq: RCAT) hat Christian Koji Ericson zum neuen Finanzvorstand ernannt, der am 17. März 2025 in Kraft tritt. Ericson bringt über 20 Jahre Erfahrung in Finanzen und Rechnungswesen mit, darunter 11 Jahre bei PricewaterhouseCoopers und leitende Finanzpositionen bei Nu Skin Enterprises.

Vor seinem Eintritt bei Red Cat war Ericson Leiter für Finanzen und Rechnungswesen bei Western Steel Buildings, wo er sich auf die Skalierung der Finanzoperationen und die Optimierung der Compliance-Strukturen konzentrierte. Er hat einen Masterabschluss in Rechnungswesen und einen Bachelor of Science in Rechnungswesen von der Brigham Young University, ist CPA und spricht fließend Japanisch.

Die Ernennung steht im Einklang mit der Strategie von Red Cat, seine Position in der Integration von Drohnentechnologie für militärische, staatliche und kommerzielle Einsätze zu stärken.

Positive
  • Appointment of experienced CFO with 20+ years of finance and accounting expertise
  • New CFO brings significant experience in scaling financial operations and optimizing compliance
  • Strong professional background including 11 years at PwC and senior roles at major companies
  • Additional expertise in high-growth industries and international business operations
Negative
  • None.

SALT LAKE CITY, March 12, 2025 (GLOBE NEWSWIRE) -- Red Cat Holdings, Inc. (Nasdaq: RCAT) ("Red Cat" or the "Company"), a drone technology company integrating robotic hardware and software for military, government, and commercial operations, today announced the appointment of Christian Koji Ericson as its new Chief Financial Officer (CFO), effective March 17, 2025.

Ericson brings more than 20 years of finance and accounting experience, including 11 years with PricewaterhouseCoopers (PwC) and senior finance roles at Nu Skin Enterprises, where he served as Chief Audit Executive, VP of Business Development, and VP of Finance for its agriculture technology division. Most recently, Ericson was Head of Finance and Accounting at Western Steel Buildings, where he played a pivotal role in scaling financial operations and optimizing compliance and governance structures to support rapid business growth.

“Christian’s extensive financial leadership and experience in high-growth industries make him an invaluable addition to Red Cat as we execute our vision to define the role of aerial intelligence,” said Jeff Thompson, Red Cat CEO. “His expertise in financial strategy, compliance, and investor relations will play an important role in our next phase of growth, while ensuring we remain well-positioned to capitalize on market opportunities and drive shareholder value.”

“I see significant opportunity ahead for Red Cat at such a transformative time for the company and the broader drone industry,” said Ericson. “I am eager to leverage my experience in financial strategy to support the company’s commitment to innovation, strengthen financial performance, and help drive long-term value for our customers and shareholders.”

Ericson holds a Master of Accountancy and a Bachelor of Science in Accountancy from Brigham Young University and is a Certified Public Accountant (CPA). He is also fluent in Japanese, having spent part of his career working abroad.

For more information about Red Cat Holdings, please visit www.redcat.red.

About Red Cat Holdings, Inc.

Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and FlightWave Aerospace, Red Cat has developed a Family of Systems. This includes the Black Widow™, a small unmanned ISR system that was awarded the U.S. Army’s Short Range Reconnaissance (SRR) Program of Record contract. The Family of Systems also includes TRICHON™, a fixed-wing VTOL for extended endurance and range, and FANG™, the industry's first line of NDAA-compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at www.redcat.red.

Forward Looking Statements

This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the Form 10-K filed with the Securities and Exchange Commission on July 27, 2023. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law.

Contact:

INVESTORS:
E-mail: Investors@redcat.red

NEWS MEDIA:
Phone: (347) 880-2895
Email: peter@indicatemedia.com


FAQ

When will Christian Koji Ericson start as CFO of Red Cat (RCAT)?

Christian Koji Ericson will begin his role as CFO of Red Cat on March 17, 2025.

What is Christian Ericson's professional background before joining Red Cat (RCAT)?

Ericson has 20+ years of finance experience, including 11 years at PwC, senior roles at Nu Skin Enterprises, and Head of Finance at Western Steel Buildings.

What are Christian Ericson's qualifications and education for the RCAT CFO position?

He holds a Master and Bachelor of Accountancy from Brigham Young University, is a CPA, and speaks Japanese fluently.

How does Christian Ericson's appointment align with Red Cat's (RCAT) business strategy?

His expertise in financial strategy and high-growth industries aligns with Red Cat's vision to define aerial intelligence and drive shareholder value.
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