STOCK TITAN

Exro Technologies Announces CEO Resignation, Appoints Chief Restructuring Officer

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

Exro Technologies (TSX: EXRO) announced significant leadership changes as CEO Sue Ozdemir has resigned from her position but will remain on the company's Board of Directors. The Board is actively searching for an interim CEO to lead the company. In a notable development, the company has appointed Chris Rankin, previously Strategic Advisor, as Chief Restructuring Officer who will report directly to the Board of Directors.

Exro Technologies (TSX: EXRO) ha annunciato importanti cambiamenti alla leadership: la CEO Sue Ozdemir si è dimessa dalla carica, ma rimarrà nel Consiglio di Amministrazione. Il Board è alla ricerca attiva di un CEO ad interim. In un sviluppo significativo, la società ha nominato Chris Rankin, in precedenza Consulente Strategico, come Chief Restructuring Officer, che riferirà direttamente al Consiglio.

Exro Technologies (TSX: EXRO) anunció cambios importantes en su liderazgo: la directora ejecutiva Sue Ozdemir renunció a su puesto, pero permanecerá en la Junta Directiva. La Junta está buscando activamente un CEO interino. En un movimiento destacado, la compañía nombró a Chris Rankin, anteriormente Asesor Estratégico, como Chief Restructuring Officer, que reportará directamente a la Junta Directiva.

Exro Technologies (TSX: EXRO)는 주요 리더십 변화를 발표했습니다. CEO인 Sue Ozdemir가 사임했으나 이사회에는 잔류합니다. 이사회는 회사 운영을 이끌 임시 CEO를 적극적으로 물색 중입니다. 주목할 만한 조치로, 회사는 이전에 전략 고문이던 Chris RankinChief Restructuring Officer로 임명했으며 그는 이사회에 직접 보고하게 됩니다.

Exro Technologies (TSX: EXRO) a annoncé d'importants changements de direction : la PDG Sue Ozdemir a démissionné de son poste, mais restera au conseil d'administration. Le conseil recherche activement un PDG par intérim pour diriger la société. Dans un développement notable, la société a nommé Chris Rankin, auparavant conseiller stratégique, comme Chief Restructuring Officer, qui rendra compte directement au conseil d'administration.

Exro Technologies (TSX: EXRO) hat bedeutende Führungsänderungen angekündigt: CEO Sue Ozdemir ist zurückgetreten, bleibt jedoch im Vorstand. Der Aufsichtsrat sucht aktiv nach einem Interims-CEO. In einer bemerkenswerten Entwicklung hat das Unternehmen Chris Rankin, zuvor Strategischer Berater, zum Chief Restructuring Officer ernannt, der direkt an den Vorstand berichten wird.

Positive
  • Sue Ozdemir will continue to serve on the Board, maintaining leadership continuity
  • Immediate appointment of Chief Restructuring Officer shows proactive management
Negative
  • Sudden CEO resignation creates leadership uncertainty
  • Appointment of Chief Restructuring Officer suggests potential financial or operational challenges
  • Lack of immediate permanent CEO replacement

CALGARY, AB, Sept. 8, 2025 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) ("Exro" or the "Company") announces that Sue Ozdemir has resigned as Chief Executive Officer of the Company. Ms. Ozdemir will continue to serve as a director of Exro. The Company thanks Ms. Ozdemir for her service, and looks forward to her ongoing involvement with the Company as a member of its Board of Directors.

Exro's Board of Directors is actively seeking an interim CEO. The Board has appointed Exro's Strategic Advisor, Chris Rankin, as Chief Restructuring Officer reporting directly to the Board of Directors. 

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/exro-technologies-announces-ceo-resignation-appoints-chief-restructuring-officer-302548638.html

SOURCE Exro Technologies Inc.

FAQ

Why did Sue Ozdemir resign as CEO of Exro Technologies (EXROF)?

The press release did not specify the reason for Sue Ozdemir's resignation as CEO. However, she will continue to serve as a director on Exro's Board of Directors.

Who is the new CEO of Exro Technologies after Sue Ozdemir's resignation?

Exro's Board of Directors is actively seeking an interim CEO. Meanwhile, Chris Rankin has been appointed as Chief Restructuring Officer.

What role will Chris Rankin play at Exro Technologies (EXROF)?

Chris Rankin, previously Strategic Advisor, has been appointed as Chief Restructuring Officer and will report directly to the Board of Directors.

Will Sue Ozdemir maintain any role at Exro Technologies after stepping down as CEO?

Yes, Sue Ozdemir will continue to serve as a director on Exro Technologies' Board of Directors despite resigning from her CEO position.

What does the appointment of a Chief Restructuring Officer mean for Exro Technologies?

The appointment of a Chief Restructuring Officer typically indicates that the company is planning significant organizational or financial changes, though specific details were not provided in the announcement.
Exro Technologis

OTC:EXROF

EXROF Rankings

EXROF Latest News

EXROF Stock Data

25.78M
501.03M
12.53%
18.1%
Electrical Equipment & Parts
Industrials
Link
Canada
Calgary