Management ChangeJul 6, 2026, 08:37 AM
AVAX One CEO Jolie Kahn Departs; Peter Wylie Jr. Interim CEO
AI Summary
AVAX One Technology Ltd. announced that Jolie Kahn departed from her role as Chief Executive Officer on July 3, 2026, by mutual agreement. Peter Wylie Jr., the current Chief Operating Officer, has been appointed interim CEO and will receive $40,000 per month for his increased responsibilities. In connection with her departure, Ms. Kahn will receive a $160,000 cash payment and $250,000 in unregistered common stock. The Board of Directors has begun a search for a permanent successor, retaining ZRG Partners to assist in the process.
Key Highlights
- Jolie Kahn departed as Chief Executive Officer of AVAX One Technology Ltd. on July 3, 2026.
- Peter Wylie Jr. was appointed interim CEO, while continuing as Chief Operating Officer.
- Interim CEO Wylie will receive an increased compensation of $40,000 per month.
- Jolie Kahn will receive a $160,000 lump sum cash payment as part of her separation agreement.
- Kahn will also receive a grant of unregistered common stock valued at $250,000.
- The company's Board of Directors has initiated a search for a permanent CEO.
Price Impact
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