Business
Auddia Inc. Announces Departure of Chief Financial Officer
Company has Engaged an Outside Firm to Support Financial Reporting and Related CFO Activities During Its Recruitment Effort BOULDER, CO, Nov. 04, 2022 (GLOBE
About this update from Auddia Inc.
[{"type":"text","content":" Company has Engaged an Outside Firm to Support Financial Reporting and Related CFO Activities During Its Recruitment Effort BOULDER, CO, Nov. 04, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) (\"Auddia\" or the \"Company\"), developer of a proprietary AI platform for audio and innovative technologies for podcasts that is reinventing how consumers engage with radio, today announced the departure of its Chief Financial Officer (“CFO”), Brian Hoff. Mr. Hoff is leaving the Company to join a private equity backed manufacturing company, as CFO. Auddia’s Board of Directors has approved an outside firm to support financial reporting and serve as fractional CFO effective upon Mr. Hoff’s departure. The Company has also launched a formal search process to identify a new CFO. “We would like to thank Brian for his many contributions over the past year and a half and for his continued support during our transition to a new CFO,” said Jeff Thramann, executive chairman of Auddia, Inc. “Brian has agreed to continue serving Auddia as a consultant until our new CFO is in position which will smooth the transition and ensure there is no disruption. We are grateful for his continued support and wish him well in his new position.” “I would like to thank the Auddia board and management team for the opportunity to advance my career by serving as CFO. The experience was invaluable and I remain available to help ensure a smooth transition,” said Brian Hoff. The Company affirms that it will submit all Q3 SEC filings in a timely manner, and anticipates no disruption in future filings or financial operations. About Auddia Inc. Auddia is reinventing how consumers engage with audio through the development of a proprietary AI platform for audio and innovative technologies for podcasts. Auddia offers two industry firsts-the ability to listen to any AM/FM radio station with added personalized content and no commercials, as well as podcasts with an interactive digital feed that supports deeper stories and delivers digital revenue to podcasters. Both offerings address large and rapidly growing audiences with strong purchase intent. For more information, visit: www.auddia.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of ...