Summary by Futu AI
Kaival Brands Innovations, a company registered with the SEC and listed on the Nasdaq Stock Market under the symbol KAVL, has announced the appointment of Mark Thoenes as the interim chief executive officer, effective immediately as of September 12, 2024. This appointment follows the unexpected passing of the former CEO, Nirajkumar Patel, on September 7, 2024. Thoenes, who has been a licensed Certified Public Accountant since 1984, brings over 35 years of financial and operational leadership experience to the role. He has previously served as the Interim Chief Financial Officer for Kaival Brands Innovations and has been on the company's board since August 1, 2024. His past roles include serving as the Executive Vice President/Chief Financial Officer of Rentrak Corporation and the President of MLT Consulting Services, LLC. The company confirms that there are no familial relationships or undisclosed transactions involving Thoenes that would require additional disclosure under SEC regulations.