Management ChangeJun 3, 2026, 05:27 PM
Greenway Technologies Chairman & Interim President Raymond Wright Resigns
AI Summary
Greenway Technologies, Inc. announced the resignation of Raymond Wright from his positions as Chairman of the Board and Interim President, effective May 28, 2026. In recognition of his contributions, the Board conferred upon him the honorary title of Chairman Emeritus, a non-voting role. The company stated that Mr. Wright's departure was not due to any disagreements regarding company operations or policies, and no changes were made to his compensation. A press release was issued on June 3, 2026, detailing the transition.
Key Highlights
- Raymond Wright resigned as Chairman of the Board and Interim President, effective May 28, 2026.
- The Board unanimously approved conferring the honorary title of Chairman Emeritus to Mr. Wright.
- The Chairman Emeritus role is not a Board position and does not carry a vote.
- Mr. Wright's resignation was not due to any disagreement with the company's operations, policies, or practices.
- No changes were made to Mr. Wright's compensatory arrangements in connection with his transition.
- Mr. Wright co-founded DFW Genesis in 2009, which led to the formation of Greenway Innovative Energy, Inc.
- CEO Doug Cogan thanked Mr. Wright for his invaluable vision, wisdom, leadership, and strategic relationships.
- Mr. Wright expressed confidence in the company's continued growth and innovation, and his excitement to remain involved.
Price Impact
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