Sofame has announced changes to its management team. Michael Brisson has assumed the role of President and Chief Executive Officer, to focus on building out the Sofame direct sales team and distributor network. Concurrently, John Gocek, has taken up the newly-created position of Chief Operating Officer with the objective of strengthening Sofame's manufacturing operations, market position and engineering capabilities.
Whilst John Gocek resigned as a member of the Board of Directors, the Board decided not to fill the vacancy created, until it has found a suitable independent director. Michael Brisson would not be joining the Board of Directors.
On 30th April, Sofame also announced the appointment of two high level sales personnel, John Olson and Robert Aldridge, in order to actively promote Sofame’s turn-key financed energy efficiency solutions.
Objective's view:
Broadly we view the management changes as positive for the company and also in line with good corporate governance in light of the forth coming capital raising. The appointment of new sales executives is positive but the impact is likely to be muted until the broader economy improves.
