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World Oil Group (WOGI) has appointed Susan Ferrari to its Board, bringing over 20 years of experience in technology and financial services. Ferrari, a former Vice President at Bank of NY Mellon, will focus on strategic marketing and development of the company's fintech initiatives. Additionally, two senior software developers from Microsoft and HP have joined to enhance WOGI's technology platform. CEO Alison Galardi expressed optimism regarding Ferrari's role as a key step toward the company's digital transformation goals.
World Oil Group (OTC: WOGI) has appointed Ms. Alison J. Galardi as the new CEO, signaling a shift in its management strategy. With over 20 years of experience at major financial firms, including Citigroup and TIAA-CREF, Galardi aims to establish a new advisory board to support the company's evolving business model. She expressed enthusiasm for leading the company through changes in the financial landscape. However, the release includes disclaimers about forward-looking statements and uncertainties regarding future performance.
World Oil Group, Inc. (OTC Pinksheets WOGI) has canceled 2.12 billion common shares, representing 71.8% of its outstanding shares, reducing the total to 833,262,060. This action precedes the company's first acquisition and aims to streamline management structures. Additionally, authorized shares have been cut from 5 billion to 1 billion. CEO Claudio Aballay emphasized the absence of toxic debt and confirmed no plans for a reverse split. These moves are indicative of a strategic shift within the company.
