Snipp Interactive Announces Changes to Executive Leadership Team
Snipp Interactive Inc. (TSXV:SPN)(OTC PINK:SNIPF), a global provider of digital marketing promotions, rebates and loyalty solutions, has announced changes to its executive leadership team. Jaisun Garcha, the current Chief Financial Officer, will be stepping down effective October 11, 2024. The company has initiated a search for a permanent CFO and has appointed Richard Pistilli as Interim CFO to ensure a smooth transition.
Pistilli, who joined Snipp in 2022 as Managing Director overseeing Gambit Rewards, brings over 20 years of finance and capital markets experience. He holds an MBA from Yale University and a B.S. in Business & Economics from Cornell University. CEO Atul Sabharwal expressed gratitude for Garcha's contributions and confidence in Pistilli's ability to execute the company's strategy going forward.
Snipp Interactive Inc. (TSXV:SPN)(OTC PINK:SNIPF), un fornitore globale di promozioni di marketing digitale, sconti e soluzioni di fidelizzazione, ha annunciato cambiamenti nel suo team di leadership esecutiva. Jaisun Garcha, l'attuale Direttore Finanziario, si dimetterà con effetto dall'11 ottobre 2024. L'azienda ha avviato una ricerca per un CFO permanente e ha nominato Richard Pistilli come CFO ad interim per garantire una transizione senza intoppi.
Pistilli, che è entrato in Snipp nel 2022 come Direttore Generale con responsabilità su Gambit Rewards, vanta oltre 20 anni di esperienza nei settori della finanza e dei mercati dei capitali. Ha conseguito un MBA presso la Yale University e una laurea in Business & Economics presso la Cornell University. Il CEO Atul Sabharwal ha espresso gratitudine per i contributi di Garcha e fiducia nelle capacità di Pistilli di realizzare la strategia dell'azienda in futuro.
Snipp Interactive Inc. (TSXV:SPN)(OTC PINK:SNIPF), un proveedor global de promociones de marketing digital, reembolsos y soluciones de lealtad, ha anunciado cambios en su equipo de liderazgo ejecutivo. Jaisun Garcha, el actual Director Financiero, dejará su cargo a partir del 11 de octubre de 2024. La empresa ha iniciado la búsqueda de un CFO permanente y ha nombrado a Richard Pistilli como CFO interino para garantizar una transición fluida.
Pistilli, quien se unió a Snipp en 2022 como Director General supervisando Gambit Rewards, aporta más de 20 años de experiencia en finanzas y mercados de capitales. Tiene un MBA de la Universidad de Yale y una licenciatura en Negocios y Economía de la Universidad de Cornell. El CEO Atul Sabharwal expresó su agradecimiento por las contribuciones de Garcha y su confianza en la capacidad de Pistilli para ejecutar la estrategia de la empresa de cara al futuro.
스닙 인터랙티브 Inc. (TSXV:SPN)(OTC PINK:SNIPF)는 디지털 마케팅 프로모션, 리베이트 및 로열티 솔루션의 글로벌 제공업체로서 실행 리더십 팀의 변경을 발표했습니다. 현재 CFO인 Jaisun Garcha는 2024년 10월 11일부로 물러납니다. 회사는 영구 CFO를 찾고 있으며 원활한 전환을 보장하기 위해 Richard Pistilli를 임시 CFO로 임명했습니다.
Pistilli는 2022년 Gambit Rewards를 감독하는 전무이사로 Snipp에 합류했으며, 20년 이상의 금융 및 자본 시장 경험을 가지고 있습니다. 그는 예일 대학교에서 MBA를, Cornell 대학교에서 경영학 및 경제학 학사를 취득했습니다. CEO Atul Sabharwal은 Garcha의 기여에 감사하며 Pistilli가 향후 회사 전략을 실행할 수 있는 능력에 대한 신뢰를 표명했습니다.
Snipp Interactive Inc. (TSXV:SPN)(OTC PINK:SNIPF), un fournisseur mondial de promotions de marketing numérique, de remises et de solutions de fidélisation, a annoncé des changements au sein de son équipe de direction. Jaisun Garcha, l'actuel directeur financier, démissionnera à compter du 11 octobre 2024. L'entreprise a lancé une recherche pour un CFO permanent et a nommé Richard Pistilli en tant que CFO par intérim pour assurer une transition en douceur.
Pistilli, qui a rejoint Snipp en 2022 en tant que directeur général supervisant Gambit Rewards, apporte plus de 20 ans d'expérience en finance et sur les marchés de capitaux. Il est titulaire d'un MBA de l'Université de Yale et d'une licence en économie et gestion de l'Université de Cornell. Le PDG Atul Sabharwal a exprimé sa gratitude pour les contributions de Garcha et sa confiance dans la capacité de Pistilli à exécuter la stratégie de l'entreprise à l'avenir.
Snipp Interactive Inc. (TSXV:SPN)(OTC PINK:SNIPF), ein globaler Anbieter von digitalen Marketing-Promotionen, Rückerstattungen und Loyalitätslösungen, hat Änderungen in seinem Führungsteam bekannt gegeben. Jaisun Garcha, der aktuelle Finanzvorstand, wird zum 11. Oktober 2024 zurücktreten. Das Unternehmen hat eine Suche nach einem dauerhaften CFO eingeleitet und Richard Pistilli als Interim CFO ernannt, um einen reibungslosen Übergang zu gewährleisten.
Pistilli, der 2022 als Geschäftsführer für Gambit Rewards zu Snipp kam, bringt über 20 Jahre Erfahrung im Finanz- und Kapitalmarkt mit. Er hat einen MBA von der Yale University und einen B.S. in Business & Economics von der Cornell University. CEO Atul Sabharwal drückte seine Dankbarkeit für Garchas Beiträge aus und äußerte Vertrauen in Pistillis Fähigkeit, die Unternehmensstrategie in Zukunft umzusetzen.
- Appointment of experienced interim CFO with strong finance background
- Smooth transition plan in place for CFO role
- Outgoing CFO leaves company in strong financial position
- Departure of current CFO may cause temporary leadership gap
- Potential disruption during search for permanent CFO replacement
VANCOUVER, BC / ACCESSWIRE / October 11, 2024 / Snipp Interactive Inc. ("Snipp" or the "Company") (TSXV:SPN)(OTC PINK:SNIPF), a global provider of digital marketing promotions, rebates and loyalty solutions, announced that Jaisun Garcha, the current Chief Financial Officer will be stepping down from his position effective October 11, 2024. The Company has initiated a formal search for a permanent Chief Financial Officer to replace Mr. Garcha, and to ensure a smooth transition, the Company has appointed Richard Pistilli as Interim Chief Financial Officer. Mr. Pistilli will serve as Interim CFO until such a permanent replacement is found, and along with Mr. Garcha will assist the Company with the formal search for a permanent CFO.
Mr. Pistilli joined Snipp in 2022 and has served as Managing Director, overseeing Gambit Rewards. Prior to Snipp, he spent over 20 years in finance and capital markets. Mr. Pistilli was an investment banker for more than a decade in New York with CIBC, Citi and Bank of America before founding and successfully exiting 2 FinTech platforms. He has an MBA from Yale University and a B.S., magna cum laude, in Business & Economics from Cornell University.
"We thank Jaisun for his service and contributions to the company as CFO and wish him well in his future endeavors," said Atul Sabharwal CEO of Snipp. "Snipp truly benefitted from Jaisun's keen financial discipline and leadership in his role as CFO, and he leaves the company in a strong position." "As we look to the future of Snipp, I am excited to execute on our stated strategy with Richard in his new role as Interim CFO.
"I am honored to assume the role of Interim CFO at Snipp, and to assist the company's search to find a full-time replacement. In this role, I look forward to working with the senior management team to help steer the company through its next phase of continued growth and sustained profitability. The strategic investments made to-date have well positioned the business to leverage its core assets and to deliver on its business plan." said Richard Pistilli. "During this transition, I intend to utilize my financial background and industry insights to help drive better outreach and communication to the broader investment community."
About Snipp:
Snipp Interactive Inc. (TSXV:SPN)(OTC PINK:SNIPF) is a leading Platform-as-a-Service (PaaS) company in the global loyalty and promotions sector. Snipp's proprietary and modular SnippCARE (Customer Acquisition, Retention & Engagement) Platform allows its marquee list of Fortune 500 clients and world-class agencies and partners to use various modules of the Platform to run long-term and short-term programs and promotions, while continually generating and capturing unique zero party data that is invaluable in providing insights to drive sales. SnippCHECK, the Platform's Receipt Processing Module has established itself as an industry leader and standard by powering a large majority of all receipt-based promotions in North America. SnippLOYALTY, the Platform's full scale modular loyalty engine allows clients the flexibility of deploying any/all aspects of a standard loyalty program on a case-by-case basis. SnippREWARDS, the Platform's modular catalogue of digital and physical rewards provides clients with global and easily deployable access to an extensive catalogue of digital and physical rewards. SnippWIN, the Platform's gaming module solves for the implementation and compliance difficulties of offering games of chance and skill on a global basis and allows for the global deployment and administration of legally compliant games of chance and skill. For more information, visit Snipp's website at www.snipp.com and its profile on SEDAR+ at www.sedarplus.ca.
Snipp is headquartered in Vancouver, Canada with a presence across the United States, Canada, Ireland, Europe, and India. Snipp is publicly listed on the TSX Venture Exchange in Canada and is also quoted on the OTC Pink marketplace under the symbol SNIPF.
FOR FURTHER INFORMATION PLEASE CONTACT:
Snipp Interactive Inc.
Richard Pistilli
Interim Chief Financial Officer
investors@snipp.com
1-888-99-SNIPP
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as changes in demand for and prices for the products of the company or the materials required to produce those products, labour relations problems, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. The reader is cautioned not to put undue reliance on such forward-looking statements.
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SOURCE: Snipp Interactive Inc.
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