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KWESST Announces Upcoming Departure of CFO and Interim Transition Period
Ottawa, Ontario--(Newsfile Corp. - March 1, 2023) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASD...
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[{"type":"text","content":"KWESST Announces Upcoming Departure of CFO and Interim Transition PeriodOttawa, Ontario--(Newsfile Corp. - March 1, 2023) - KWESST Micro Systems Inc. (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (FSE: 62UA) (\"the Company\" or \"KWESST\"), a developer of next-generation tactical systems for military, security, and personal defense markets, today announced that its Chief Financial Officer (CFO), Steven Archambault, will be stepping down as CFO of the Company to pursue a new opportunity overseas, but has committed to remaining with KWESST as CFO until April 3rd and to assist the Company thereafter to ensure a smooth transition.The Company will actively work with an executive search consultant to quickly appoint an interim CFO and search for a permanent replacement. On behalf of KWESST's Board of Directors, the Executive Chairman, David Luxton, expressed sincere gratitude to Steven for his valuable contribution over the past two and a half years. \"Steven is a hard- working and very knowledgeable CFO,\" said Luxton. \"He has been a delight to work with and we shall miss him as a valued colleague and professional.\"Mr. Archambault commented, \"I leave very gratified to have been part of KWESST's evolution from a small start-up to its take-off stage today, and to have seen the Company through its successful Nasdaq IPO and concurrent Canadian and U.S. financings this past December, which leaves the Company with a strong balance sheet. This juncture therefore seemed like the right time to accept a truly exceptional opportunity overseas aligned with my long-term goals. I remain a shareholder of KWESST and a strong supporter.\"About KWESSTKWESST (NASDAQ: KWE) (NASDAQ: KWESW) (TSXV: KWE) (FSE: 62UA) develops and commercializes breakthrough next-generation tactical systems that meet the requirements of security forces and personal defense for overmatch capability against adversaries. The company's current portfolio of unique proprietary offerings includes its unique non-lethal PARA OPSTM system with application across all segments of the non-lethal market, including law enforcement and personal defense. KWESST is also engaged in the digitization of tactical forces for shared situational awareness and targeting with its signature TASCS (Tactical and Situational Control System) for real-time awareness and targeting information from any source (...