MBG Holdings Inc (OTCMKTS:MBGH), which is the holding parent company of Onepath Systems LLC and AMR Resources LLC, was in the news last Friday after it announced that it had made two key appointments. It announced that Paul Twitchell and Jason Lohe had been appointed to the company’s board of directors with immediate effect.
On Friday, MBGH stock ended flat at $1.3000 with more than 71 shares, compared to its average volume of 2.28K shares. The stock moved within a range of $1.3000 – 1.3000 after opening trade at $1.3000.
MBG Holdings Appoints Jason Lohe and Paul Twitchel to Board of Directors
The new appointments were going to replace Angela Paxton, who had resigned recently from her position on the board and JeremiePeterkin, who had resigned as the company’s Director, Treasurer and Chief Financial Officer. The two newly appointed directors had also been inducted into the Compensation Committee of the Board and the Audit Committee of the Board.
James Frinzi, the Chairman and Chief Executive Officer of MBG Holdings, spoke about the latest appointments as well. He noted that both the executives were highly noted professionals in the field of finance and the expertise of both were aligned with the growth plans of the company. He concluded by noting that everyone at the company was looking forward to the contributions that they would make. Twitchell’s experience as a financial executive spans more than three decades, whileLohe’s experience as an executive spans more than two decades.