Management ChangeMay 20, 2026, 05:03 PM
Functional Brands Appoints David R. Wells as New CFO and Board Member
AI Summary
Functional Brands Inc. announced a significant leadership transition. Tariq Rahim resigned from the Board of Directors and transitioned from his role as Chief Financial Officer to Vice President, Finance. Concurrently, David R. Wells was appointed as the new Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer, and a member of the Board of Directors. The company stated that Mr. Rahim's departure was not due to any disagreements regarding operations or financial practices.
Key Highlights
- Tariq Rahim resigned from Functional Brands' Board of Directors, effective May 17, 2026.
- Mr. Rahim transitioned from Chief Financial Officer to Vice President, Finance, effective May 18, 2026.
- David R. Wells was appointed Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer, effective May 18, 2026.
- Mr. Wells was also appointed as a member of the Company's Board of Directors, effective May 18, 2026.
- Mr. Rahim's resignation and transition were not due to any disagreement with the Company.
- David R. Wells brings over 30 years of experience in finance, operations, and administration.
- Mr. Wells previously served as CFO for Envoy Medical, Inc. and ENDRA Life Sciences Inc.
- No material compensatory arrangements have been entered into with Mr. Wells at this time.
Price Impact
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