- Mountain Valley (OTCQB:MVMDF) said Thursday it has appointed Lucie Letellier to the role of Chief Financial Officer effective September 11, 2023.
- Letellier succeeds Aaron Triplett, who previously served as Chief Financial Officer and will remain as a non-executive consultant of the company through November 30, 2023 in order to ensure a seamless transition.
- Letellier originally served as the CFO of Mountain Valley (OTCQB:MVMDF), a wholly owned subsidiary of MVMD, where she expertly handled a challenging reverse takeover deal in February 2020 and led multiple financing rounds in the establishment of the business.
- Later Letellier transitioned into an advisory role with the company in May of 2020 as she took a leave of absence from full-time responsibilities to prioritize family commitments.
- With the new appointment, the company has granted stock options to Letellier, in accordance with the company’s stock option plan, to purchase 0.5 million common shares in the capital stock, exercisable for a period of five years from the date of grant at a price of $0.05 per share.
- The options will vest 20% on the date of grant, 30% on the 6-month anniversary following the date of grant and the remaining 50% on the 12-month anniversary following the date of grant.
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