Business
U-Vend, Inc. Announces Executive Reorganization and Management Changes
U-Vend, Inc. Announces Executive Reorganization and Management Changes.
About this update from American Battery Materials Inc.
[{"type":"text","content":"\n \n \n U-Vend, Inc. Announces Executive Reorganization and Management Changes\n \n \nU-Vend, Inc. Announces Executive Reorganization and Management Changes\n\nChanges Position the Company for Continued Growth and Expansion\n\n \n SANTA MONICA, CA--(Marketwired - Feb 6, 2017) -  U-Vend, Inc. (OTCQB: UVND) (the \"Company\"), a consumer products and technology company that develops, distributes, and markets next-generation self-serve electronic kiosks and merchandisers with a digital advertising component across North America, today announced its Board of Directors has approved and has implemented a leadership succession plan for its executive management team. As of February 1, 2017, Raymond Meyers, CEO of the Company, has been succeeded by David Graber, an experienced and successful industry professional, as well as the Company's lead investor. Mr. Graber has assumed all aspects of the Company's CEO office and will be responsible for U-Vend's core business and financial operations, as well as its strategic expansion within new and existing markets. In addition, Mr. Graber will be added to the Company's Board of Directors. Mr. Meyers will assume a leading consulting position throughout the two month transition period and will remain on the Board of Directors. \n \"I am very excited to assume the leadership role at U-Vend,\" stated Graber. \"I want to express my sincere a gratitude to Raymond Meyers for the foundation he was able to create from a standing start. His commitment to bringing U-Vend from its early stages to where it stands today is quite impressive. It is my intention to build off of the solid foundation that exists with a talented group of professionals on the team with decades of consumer packaged goods experience,\" added Graber. \n Mr. Graber has significant experience in consumer product strategies, corporate finance, and multi-channel operations. He is currently Managing Principal of Cobrador Capital Advisors, an investment management firm focused on the consumer sector. Prior to Cobrador, Graber was Managing Director, Investment Banking at New Century Capital Partners (2011-2014) and National Securities Corporation (2009-2010). From 2006-2008, David was CEO of OKC Corporation, a manufacturer and retailer in the home improvement industry. At OKC, M...