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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Leatt Corporation (QB) | USOTC:LEAT | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.30 | 6.82 | 7.25 | 0.00 | 22:00:00 |
According to Dr. Leatt: "The Board and I have decided that the Company would be better served if I focused on my core strengths; innovative product research and development as well as strategic planning. Mr. Macdonald has proven himself to be an effective and professional executive and I am confident that he will do an excellent job as acting CEO, while also handling his chief financial officer duties with the assistance of a controller. This arrangement streamlines and, I believe, improves the executive management of our company while reducing overhead. Mr. Macdonald will act as the CEO under a 180 day probationary period and then, upon satisfactory completion of that period and assuming a uniquely qualified CEO candidate is not presented to the Board during that period, Mr. Macdonald will be made CEO with a new vice president of finance to handle day-to-day financial management duties. This structure allows each part of the management to focus on their respective strengths and grow the business on its core product competence basis."
Mr. Macdonald said; "I am excited about the opportunity of being involved in growing this company to new heights and I feel confident that we have only just started to untap our current and future product market possibilities. I have been developing, over the last few years, to become a career CEO and I am excited to now move into this role."
Mr. Macdonald's experience includes full financial and operational control, along with the implementation of complete reporting information system for key decision-making. He has held key financial and managerial positions at CycleLab, Investec Asset Management, Joel Herman Property Group, USABCO and KPMG. Sean is a Graduate of the University of Cape Town with a double major in finance and information systems and is a chartered accountant.
About The Leatt Corporation: The Leatt Corporation is the exclusive global distributor of the Leatt-BraceĀ®, a Neck Brace designed to prevent or lessen the severity of potentially devastating motor sport injuries to the cervical spine (neck). The Company has its product development group located in Cape Town, South Africa. Product information is at http://www.leatt-brace.com. URLs referenced herein and their contents are not part of this press release.
FORWARD LOOKING STATEMENTS: This press release may contain forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995, as amended. Such statements include words like "expect," "should," "anticipate," "may," "hope," "believe," "seek," "project," and variants thereof. These statements involve risks and uncertainties, and actual results may differ significantly from those indicated by any forward-looking statement.
CONTACT: IR: PW RICHTER 804.644.2182 email: prosage@comcast.net
1 Year Leatt (QB) Chart |
1 Month Leatt (QB) Chart |
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