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Wellfield Announces the Appointment of New CFO

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Wellfield Technologies (OTC:WFLDF) has appointed John Parker as its new Chief Financial Officer, effective July 11, 2025. Parker brings over 25 years of leadership experience as a former business owner, CFO, General Manager, and Director.

Parker succeeds Levy Cohen, who served as interim CFO since January 2025. Cohen will continue his roles as Chief Executive Officer and director of the company. Parker's expertise includes developing enhanced financial reporting processes, implementing key performance indicators, and supporting companies with equity and debt financing initiatives.

Wellfield Technologies (OTC:WFLDF) ha nominato John Parker come nuovo Chief Financial Officer, a partire dall'11 luglio 2025. Parker vanta oltre 25 anni di esperienza in ruoli di leadership, tra cui proprietario d'azienda, CFO, Direttore Generale e Direttore.

Parker prende il posto di Levy Cohen, che ha ricoperto il ruolo di CFO ad interim da gennaio 2025. Cohen continuerà a svolgere le sue funzioni di Amministratore Delegato e direttore della società. Le competenze di Parker includono lo sviluppo di processi migliorati di rendicontazione finanziaria, l'implementazione di indicatori chiave di performance e il supporto alle aziende nelle iniziative di finanziamento tramite capitale e debito.

Wellfield Technologies (OTC:WFLDF) ha designado a John Parker como su nuevo Director Financiero, con efecto a partir del 11 de julio de 2025. Parker aporta más de 25 años de experiencia en liderazgo como antiguo propietario de empresa, CFO, Gerente General y Director.

Parker reemplaza a Levy Cohen, quien ha desempeñado el cargo de CFO interino desde enero de 2025. Cohen continuará con sus funciones como Director Ejecutivo y director de la compañía. La experiencia de Parker incluye desarrollar procesos mejorados de reporte financiero, implementar indicadores clave de desempeño y apoyar a las empresas en iniciativas de financiamiento mediante capital y deuda.

Wellfield Technologies (OTC:WFLDF)는 2025년 7월 11일부터 John Parker를 새로운 최고재무책임자(CFO)로 임명했습니다. Parker는 전 사업주, CFO, 총괄 관리자 및 이사로서 25년 이상의 리더십 경험을 보유하고 있습니다.

Parker는 2025년 1월부터 임시 CFO를 맡아온 Levy Cohen의 뒤를 잇습니다. Cohen은 회사의 최고경영자(CEO) 및 이사 역할을 계속 수행할 예정입니다. Parker의 전문 분야는 향상된 재무 보고 프로세스 개발, 핵심 성과 지표 도입, 자본 및 부채 금융 지원을 포함합니다.

Wellfield Technologies (OTC:WFLDF) a nommé John Parker comme nouveau Directeur Financier, à compter du 11 juillet 2025. Parker apporte plus de 25 ans d'expérience en leadership en tant qu'ancien propriétaire d'entreprise, CFO, Directeur Général et administrateur.

Parker succède à Levy Cohen, qui a occupé le poste de CFO par intérim depuis janvier 2025. Cohen continuera d'assumer ses fonctions de Directeur Général et d'administrateur de la société. L'expertise de Parker comprend le développement de processus améliorés de reporting financier, la mise en place d'indicateurs clés de performance et le soutien aux entreprises dans leurs initiatives de financement par actions et dettes.

Wellfield Technologies (OTC:WFLDF) hat John Parker mit Wirkung zum 11. Juli 2025 zum neuen Chief Financial Officer ernannt. Parker bringt über 25 Jahre Führungserfahrung als ehemaliger Unternehmer, CFO, General Manager und Direktor mit.

Parker folgt auf Levy Cohen, der seit Januar 2025 als Interim-CFO tätig war. Cohen wird weiterhin als Chief Executive Officer und Direktor des Unternehmens fungieren. Parkers Expertise umfasst die Entwicklung verbesserter Finanzberichtsprozesse, die Implementierung von Leistungskennzahlen und die Unterstützung von Unternehmen bei Eigenkapital- und Fremdfinanzierungsinitiativen.

Positive
  • New CFO brings 25 years of leadership and financial management experience
  • Experience in raising equity and debt financing
  • Strong governance background with experience in audit and finance committees
Negative
  • None.

Toronto, Ontario--(Newsfile Corp. - July 16, 2025) - Wellfield Technologies Inc. (TSXV: WFLD) (OTC Pink: WFLDF) (FSE: K8D) (the "Company" or "Wellfield") announces today that the board of directors of the Company has appointed John Parker as Chief Financial Officer of the Company, effective July 11, 2025.

With over 25 years of leadership, as a former business owner, CFO, General Manager and Director, Mr. Parker brings a highly developed suite of leadership skills and abilities when working with entrepreneurs and management teams. John developed enhanced financial reporting processes, key performance indicators and Balanced Scorecard to drive businesses forward for profitable growth. In the past, Mr. Parker has supported clients with raising equity and debt financing to grow companies and achieve strategic goals. Mr. Parker brings over 25 years of governance experience, and has been a director, treasurer, Chair of Audit and Finance Committees for private and public companies along with Not-for-Profit entities.

Effective July 11, 2025, Mr. Parker will assume the role of Chief Financial Officer from Levy Cohen, who had served as interim Chief Financial Officer of the Company since January 2025. Mr. Cohen will stay on as the Chief Executive Officer and a director of the Company.

About Wellfield

Wellfield Technologies, Inc. (TSXV: WFLD) is a leading fintech company specializing in innovative solutions leveraging blockchain technology. Our platform Coinmama (web and mobile app), provides seamless access to the cryptocurrency market for over 3.5 million registered users across 180 countries. We offer disruptive on-chain and web3 secure and friendly self-custody solutions through Coinmama. Additionally, Wellfield operates Tradewind Markets platform to digitize and trade real-world assets, including our flagship VaultChain™ Gold and VaultChain™ Silver products.

Join Wellfield's digital community on LinkedIn and Twitter, and for more details, visit wellfield.io

For further information on Wellfield contact:

Wellfield Technologies Inc.
Levy Cohen, CEO
levyc@wellfield.io
(832) 483-2575

Ryan Graybill, Investor Relations
ryan.graybill@wellfield.io
(832) 483-2575

CAUTIONARY NOTICE ON FORWARD‐LOOKING STATEMENTS

This news release contains statements that constitute "forward-looking information" ("forward-looking information") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking information in this news release are based on the Company's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward- looking information necessarily involves known and unknown risks and uncertainties, which may cause the Company's actual performance and results in to differ materially from any projections of future performance or results expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to general business, financial market, economic, competitive, political and social uncertainties. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated. Readers are cautioned that the foregoing list is not exhaustive and readers are encouraged to review the disclosure documents accessible on the Company's SEDAR+ profile at www.sedarplus.ca. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has approved nor disapproved the contents of this news release, nor do they accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259041

FAQ

Who is the new CFO of Wellfield Technologies (WFLDF)?

John Parker has been appointed as the new Chief Financial Officer of Wellfield Technologies, effective July 11, 2025.

What experience does John Parker bring to Wellfield Technologies as CFO?

John Parker brings over 25 years of leadership experience as a former business owner, CFO, General Manager, and Director, with expertise in financial reporting, KPIs, and raising equity and debt financing.

Who did John Parker replace as CFO at Wellfield Technologies?

Parker replaced Levy Cohen, who served as interim Chief Financial Officer since January 2025. Cohen remains as CEO and director of the company.

When did John Parker start as CFO of Wellfield Technologies (WFLDF)?

John Parker's appointment as CFO of Wellfield Technologies became effective July 11, 2025.
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