There were a number of companies that came into the news cycle yesterday, and one of those was BlockQuarry Corp. (OTC:BLQC), an energy and infrastructure company based out of Texas. On December 18, the company announced that its corporate leadership had entered a transformative phase. It was revealed that BlockQuarry had agreed on the terms with regards to a change of control that would effectively allow for voting control across its executive team.
Additionally, the company also announced it had appointed a new Chief Executive Officer/Chief Financial Officer in the form of Stephen Stenberg, who would be a highly important member of the executive leadership team at BlockQuarry Corp.
Davis expressed confidence in Stenberg’s leadership, stating: “Stephen’s expertise will usher in a transformative phase for BlockQuarry, promising tremendous value, strategic growth and unparalleled innovation.”
It could be a good move on the part of market watchers to take a look at the new terms. As per those terms, Alonzo Pierce, the former president and chairman, formally gave up his president title. Instead, he extended that title to Lawrence Davis, the current Chief Operating Officer of BlockQuarry Corp.
In the news release, it was noted that the move would help the company get to the next stage of its growth, both at financial and operational levels. Pierce would continue to be the chairman and senior advisor at the company.
Additionally, Pierce also shared the vision of the integration and noted that the changes were important for the company as it looked to scale higher heights in the energy, bitcoin mining, and infrastructure industries. The company announced that the new interim CEO/CFO of the company, Stenberg, had had a fruitful career in the equity markets.
During his career, he has shown the ability to restructure financial frameworks and deploy highly advanced data science solutions. He had shown his mettle at Pantheon Financial Partners most recently and further demonstrated his ability to strengthen the financial health of an organization.
