John McMullen, who has been advising the company since it listed on the TSX Venture Exchange last summer, will take over as the head of the Cuba-focused investment group.
Lenigas won’t be leaving the business entirely though, and will stay as co-chairman of the board.
“John is the professional this company needs to take it to the next level. He will provide the leadership and the necessary full time presence in the Canadian marketplace.” said Lenigas.
“Together, we will continue to build a company that will generate cash flow, by uniquely leveraging the opening of the Cuban economy to the world.”
McMullen added that he was “excited” to lead the company forward.
Shares closed at C$0.04 on Wednesday.
Story by ProactiveInvestors