It is almost always seen as a significant development if a company’s executive is added to the board of directors of another, and hence, it will be interesting to see if there’s any major action in the CREATD Inc. (OTC:CRTD) stock this morning. In this feature, we take a closer look at the significant new development.
The Announcement
In the news release last Friday, CREATD announced that Chairman of the company’s board Jeremy Frommer was added to the board of directors at Flewber Global Inc. In this context, it should be noted that Flewber Global is soon going to be a business subsidiary of CREATD, and the appointment could be seen as a move to usher in greater collaboration between the two outfits. Frommer’s considerable experience in leadership roles in the realms of media, finance, and technology was cited as one of the major reasons behind the appointment.
Further Information
The news release went on to add that the appointment was also aligned with the strategic vision of Flewber with regards to its expansion plans. Flewber is aiming to make a big move in terms of expansion into the private aviation space, and it is aiming to do so by tapping into the necessary capital available in the public markets.
CEO Quote
“As Flewber continues to execute its growth strategy, we welcome Jeremy’s insight and leadership to the Board,” said Marc Sellouk, CEO and Chairman of the Board of Flewber. “His expertise will be instrumental as we position Flewber at the forefront of on-demand air mobility.”
