Regenx Tech Announces Change in Senior Leadership
Rhea-AI Summary
Regenx Tech Corp. (CSE: RGX) (OTCQB: RGXTF) has announced significant changes in its senior leadership. Greg Pendura, who has led the company for over 14 years, is stepping down as CEO but will remain as Chairman of the Board. Don Weatherbee, who has been with Regenx since 2015 and served as President for the last two years, has been named the new CEO.
Weatherbee brings over 21 years of senior executive experience to the role. Pendura expressed confidence in Weatherbee's ability to manage the company's projected growth, citing his broad operational and financial experience. Weatherbee, in turn, expressed enthusiasm about leading Regenx into its next growth phase, emphasizing the strong team and opportunities ahead.
Positive
- Smooth leadership transition with former CEO remaining as Chairman
- New CEO has 21+ years of senior executive experience
- New CEO has been with the company since 2015, ensuring continuity
Negative
- None.
News Market Reaction
On the day this news was published, RGXTF gained 1.02%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
EDMONTON, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Regenx Tech Corp. (the “Company” or “Regenx”) (CSE: RGX) (OTCQB: RGXTF) is announcing changes in its senior leadership.
After leading the Company for over 14 years, Greg Pendura has decided to step down from the role of Chief Executive Officer but has agreed to remain as the Chairman of the Board of Directors. With the announcement of Greg Pendura’s retirement, the Company is pleased to announce that Don Weatherbee has been named the Chief Executive Officer of Regenx. Don has an extensive record of senior executive positions for more than 21 years. Don joined Regenx in 2015 and has spent the last 2 years as the President of the Company. During this time, Don has worked very closely with Greg on strategic and operational initiatives. Greg Pendura stated, “I felt the time was right to decrease my involvement in the day-to-day operations of the Company and move into more of an advisory role as I enjoy spending more time with my family and travelling. Don has a broad base of experience in both operational and financial environments which will be instrumental in managing the projected growth of the Company going forward. I believe the Company has the pieces required to succeed and unlock shareholder value.”
Don Weatherbee stated, “I am thrilled to lead this Company into its next phase of growth. With our exceptional team we’ve put in place, we are well-positioned to seize the incredible opportunities in front of us. I am also pleased that Greg has agreed to continue to share his strategic outlook with us by remaining on the Board of Directors.”
About Regenx Tech Corp.
Regenx is positioned for growth in the Clean Tech sector through the development and commercialization of its environmentally friendly processing technologies for the recovery of precious metals. Initial focus is the extraction of platinum and palladium from diesel catalytic converters. For further information visit: www.regenx.tech
Contact for General Inquires
Regenx Tech Corp.
info@regenx.tech
Investor Relations Contact
RB Milestone Group LLC
investors@regenx.tech
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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