Plaid Technologies Announces Appointment of Interim Chief Executive Officer

About this update from Plaid Technologies Inc

(via TheNewswire) VANCOUVER, BC – June 19, 2026 – TheNewswire - Plaid Technologies Inc. (CSE: STIF) (OTC: STIFF) (FRA: 5QX0) (“Plaid” or the “Company”), a Canadian advanced materials company, is pleased to announce the appointment of Mr. Paul Hughes as Interim Chief Executive Officer (“Interim CEO”), effective June 19, 2026. Concurrently, Mr. Guy Bourgeois has stepped down as Chief Executive Officer and assumed the role of Chairman of the Board of Directors. Mr. Bourgeois will continue to play a significant role in the Company's strategic direction in his capacity as Chairman. Mr. Hughes is a serial entrepreneur and C-suite executive with over 25 years of experience building and scaling companies across deep tech, clean energy, industrial technology, and renewables. As founder of Shift Clean Energy, he grew the business from a two-person startup to a 97-person global organization, raising over $60 million in equity, securing Fortune 100 customers and 30+ strategic partnerships across 26 countries, and leading the business to a successful trade sale. He brings a proven track record of stabilizing and scaling technology businesses, including SaaS, Energy-as-a-Service, and mining and energy tech, with deep expertise in turnarounds, restructuring, and restoring enterprise value, and extensive board and governance experience as CEO and Chairman across Canada, the United Kingdom, Australia, Denmark, and the United States. “The Board is delighted to welcome Paul to Plaid Technologies. His exceptional depth of operational, financial, and governance experience makes him ideally suited to lead the Company through this important phase of its development, and we look forward to the leadership and momentum his appointment will bring,” said Guy Bourgeois, Chairman of the Board. Stock Options In connection with Mr. Hughes's appointment, the Company has granted 100,000 stock options (“Stock Options”) pursuant to the Company's Omnibus Long-Term Incentive Plan (Amended and Restated) (the “Plan”) at an exercise price of $0.35 per Common Share. The Stock Options will vest in full on the date that is ninety (90) calendar days following the grant date and will expire four (4) years from the grant date. Restricted Share Units The Company has also granted 2,500,000 restricted share units (the “RSUs”) to Mr. Hughes pursuant to the Plan, expiring three (3) years from the grant dat...

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