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Southern ITS International, Inc., DBA CorpHQ, Announces Leadership Transition, Share Conversions, and Strategic Investments to Support Next Phase of Growth
Southern ITS International, Inc., DBA CorpHQ, Announces Leadership Transition, Share Conversions, and Strategic Investments to Support Next Phase of Growth.
About this update from Southern Its International Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Southern ITS International, Inc., DBA CorpHQ, Announces Leadership Transition, Share Conversions, and Strategic Investments to Support Next Phase of Growth\r\n \r\n \r\n\r\n\r\nSouthern ITS International, Inc., DBA CorpHQ, Announces Leadership Transition, Share Conversions, and Strategic Investments to Support Next Phase of Growth\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nWATERLOO, Iowa, Aug. 20, 2025 /PRNewswire/ -- Southern ITS International, Inc. (OTC Pink: SITS), operating as CorpHQ, a diversified public conglomerate, today announced a series of strategic changes designed to streamline operations, strengthen capital positioning, and align leadership for its next phase of growth.\r\n\r\nCorpHQ has finalized the sale of its 80% stake in Kinzie Direct to founder Jeremy Larsen. With this transaction, Mr. Larsen will be exiting his executive roles within CorpHQ and its portfolio subsidiaries.\r\nAs a part of this change, CorpHQ announced refined executive leadership assignments across its expanding portfolio:\r\n\r\n Tim Guenther will serve as President and CEO of CorpHQ, providing corporate-level leadership across all holdings.\r\n Gil Irey will serve as Chief Development Officer of CorpHQ and President/CEO of Pure Oil & Gas, leading the company's oil and gas ventures, including oversight of Last Mile Production LLC.\r\n Chad Shipman will serve as Chief Marketing Officer of CorpHQ and has been appointed President/CEO of MIA Corp and Ingenious Roasters, driving innovation across consumer beverage and brand development initiatives.\r\n \r\n These role clarifications reflect CorpHQ's commitment to focused execution, operational excellence, and industry-specific leadership.\r\nTo further align management incentives and enhance transparency, the Board approved the conversion of 15 million preferred shares (convertible at a 10-to-1 ratio) into 125 million common shares, held by Directors of the corporation. This conversion underscores the long-term confidence of CorpHQ's leadership in the company's trajectory.\r\nThe Board has also adopted a stock option equity plan to be utilized for current and future management and consultants—ensuring top-tier talent remains incentivized and aligned with shareholder interests.\r\nRegarding its capital strategy, CorpHQ confirmed three subsidiary-level investments by a privat...