Management ChangeMay 8, 2026, 05:27 PM
AppTech Payments Names Albert L. Lord Executive Chairman
AI Summary
AppTech Payments Corp. announced that its Board of Directors designated Albert L. Lord as Executive Chairman, effective May 4, 2026. In this new role, Mr. Lord will no longer be considered an independent director and will step down from the Compensation Committee. Additionally, the Board ratified employment arrangements for CEO Thomas DeRosa and COO Anthony Shall, formalizing their continuing roles and compensation.
Key Highlights
- Albert L. Lord designated Executive Chairman, effective May 4, 2026.
- Mr. Lord will no longer be considered an independent director.
- Mr. Lord will step down from the Compensation Committee.
- CEO Thomas DeRosa's annual base salary set at $384,000.
- COO Anthony Shall's annual base salary set at $240,000.
- Both CEO and COO are eligible for discretionary bonus and equity plans.