Business
KWESST Announces New Chief Executive Officer (CEO)
Board promotes Sean Homuth, from CFO to President and CEO Kris Denis, CPA, Corporate Controlle...
About this update from Defsec Technologies Inc.
[{"type":"text","content":"KWESST Announces New Chief Executive Officer (CEO)Board promotes Sean Homuth, from CFO to President and CEOKris Denis, CPA, Corporate Controller, named Chief Compliance Officer and Interim CFOOttawa, Ontario--(Newsfile Corp. - November 27, 2023) - KWESST Micro Systems Inc. (TSXV: KWE) (TSXV: KWE.WT.U) (NASDAQ: KWE) (NASDAQ: KWESW); (\"KWESST\" or \"the Company\") today announced that further to the retirement of Jeff MacLeod as CEO and from the Board, as announced October 18th, the Board of Directors has appointed Sean Homuth as President and CEO, effective immediately. \"Since joining KWESST as CFO it was clear that Sean brought the kind of skills and experience to take on a more senior role,\" said David Luxton, KWESST Executive Chairman. \"His versatile background and acumen across finance, capital markets, investor relations, operational execution and strategic corporate development with emerging public companies makes him ideally suited to the key leadership role. It also means continuity in the business at a time when KWESST is building momentum and ramping up for expansion in both its Defense and Public Safety business units.\" Mr. Homuth has more than 20 years' experience with public companies listed in both Canada and the United States across a wide range of industries, plus a variety of financing and M&A transactions. He has extensive experience at the senior executive level with emerging growth companies and is a Chartered Professional Accountant (CPA, CA Ontario) and a Certified Public Accountant (Illinois).Kris Denis, CPA, CA and Corporate Controller at KWESST, replaces Mr. Homuth as Chief Financial Officer (CFO) on an interim basis. Mr. Denis has 20 years' experience in all aspects of financial management with private and public companies, large and small, across a wide range of industries. He will also assume the role of Chief Compliance Officer. \"Recent weeks have been a period of intense activity for the Company working through its annual year-end audit, progressing towards key milestones on our SaaS product development, working through key activities related to opportunities for the defence business unit, as well as the previously announced introduction of the Arwen 40mm product,\" added Luxton. \"Sean has played a pivotal role in leading these and with the bulk of them well underway, we are delighted to n...