SOL Global Announces Appointment of Kevin Taylor as CEO and Chairman

SOL Global Announces Appointment of Kevin Taylor as CEO and Chairman

COMPANY WILL SEEK STRATEGIC ALTERNATIVES TO CLOSE THE GAP BETWEEN ITS STOCK PRICE AND ‘NAV’ TO MAXIMIZE SHAREHOLDER VALUE ANDY DEFRANCESCO WILL TRANSITION OUT OF HIS ROLE AS CHAIRMAN AND CEO TORONTO–(BUSINESS WIRE)–SOL Global Investments Corp. (“SOL Global” or the “Company”) (CSE: SOL) (OTCQ: SOLCF) (Frankfurt: 9SB) announces today that it has appointed Mr. Kevin Taylor as Chief Executive Officer and Chairman of the Board of SOL Global. Kevin Taylor is a seasoned executive with 30 years of operating experience in Fortune 500 companies based in North and South America. For the past 14 years, Kevin has served as the President and Chief Executive Officer of TEReI International Limited, a merchant bank focused on debt and equity opportunities in the small to mid-cap markets in North and South America. Mr. Taylor acts as a director for a number of companies listed on the Canadian Securities Exchange, Toronto Stock Exchange and the TSX Venture Exchange. The Company, its board of directors and its management are considering potential strategic alternatives aimed at enhancing SOL Global’s growth and maximizing shareholder value. It is expected that the Company will review various strategies to close the gap between its stock price and net asset value (“NAV”), capital return strategies, potential strategic transactions and development of other strategic initiatives to complement SOL Global’s existing portfolio and overall business. Effective today, SOL Global’s founder, Andy DeFrancesco, has ceased to be the Chief Executive Officer and a director of the Company, but will continue working with management to transition responsibilities, including investment decisions related to the management of the portfolio companies. “I am incredibly proud of what we have built at SOL Global and what my team has achieved since I founded the company. I am excited for our next phase of growth as the Company continues to…

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Source : SOL Global Announces Appointment of Kevin Taylor as CEO and Chairman

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