Cuentas appoints a new Chief Financial Officer and makes additional management changes in anticipation of future acquisition and impending product launch.
MIAMI BEACH, Fla., Oct. 19, 2023 (GLOBE NEWSWIRE) — Cuentas, Inc. (NASDAQ:CUEN, CUENW))))), the developer of an alternative financial ecosystem for the underbanked, proudly announces significant management changes to fortify its foundation for future growth. The company’s latest move involves the appointment of Mr. Shlomo Zakai as Chief Financial Officer and Mr. Adiv Baruch as Strategic Business Officer.
Mr. Zakai’s appointment follows closely on the heels of Cuentas’ recent announcement regarding its planned acquisition and the imminent launch of innovative services in targeted markets. This strategic shift underscores Cuentas’ commitment to enhancing its business verticals and revenue streams.
Bringing a wealth of experience in the financial sector and an impressive track record in publicly traded companies on the Nasdaq Stock Market and in OTC Markets, Mr. Zakai has previously served in roles identical to his new position. His background includes tenure as an accountant at Kost, Forer, Gabbay & Kasierer, an independent registered public accounting firm and a member firm of Ernst & Young Global. He worked extensively with technology companies that were publicly traded on the Nasdaq Stock Market and the Tel Aviv Stock Exchange. His academic qualifications include a B.A. in accounting from the College of Management in Rishon Le’Zion, Israel.
Mr. Zakai’s extensive experience in multiple industries, his in-depth knowledge of the public market, and his financial expertise were critical factors in senior management’s decision to endorse and oversee Cuentas’ planned expansion.
Simultaneously, Cuentas is pleased to announce the appointment of Mr. Adiv Baruch as the Strategic Business Officer. Mr. Baruch has dedicated over five years to the company, having served as a Board Member and held multiple committee positions. During his tenure as an independent director, he actively facilitated Mr. Zakai’s involvement. His wealth of experience, entrepreneurial skills, and strong foundation in technology will undoubtedly contribute to the current growth and future expansion of Cuentas.
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