MetaWorks Announces New President Experienced Technology Executive Scott Gallagher
Rhea-AI Summary
MetaWorks Platforms, Inc. announces the appointment of Scott Gallagher as President, succeeding Bruce Elliot, who will remain an advisor. Gallagher brings over 25 years of experience in public markets and has a history of growth in previous roles, such as CEO of FTS Group and Chairman of TheDirectory.com. Chairman Cameron Chell expressed excitement for Gallagher's leadership during this transformational period for the company, focused on developing a leading Web3 platform for the metaverse.
Positive
- Appointment of Scott Gallagher as President; experienced public company executive.
- Gallagher's prior roles indicate a strong potential for revenue growth.
- Company positioned for growth in the expanding Web3 and metaverse sectors.
Negative
- None.
News Market Reaction – MWRK
On the day this news was published, MWRK declined 12.50%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Fairfield, CA., Sept. 07, 2022 (GLOBE NEWSWIRE) -- MetaWorks Platforms, Inc. (“MetaWorks” or the “Company”), (CSE: MWRK and OTCQB: MWRK), an award-winning, full-service Web3 blockchain platform provider, is pleased to announce Scott Gallagher as the new President of MetaWorks. Mr. Gallagher succeeds Bruce Elliot, who is stepping down from his role as President of the Company but will remain as an advisor with the Company.
Mr. Gallagher is a seasoned public company executive with over 25 years’ experience in the public markets. In 2000, Mr. Gallagher started his first company, About Face Communications, LLC, representing several private and publicly traded companies. In 2002, he acquired control of FTS Group (“FTS”) as its Chairman, CEO, and largest shareholder. During this time, FTS grew from a startup to generating record sales growth before being sold to an investor group. In 2008, he was appointed Chairman and CEO of TheDirectory.com, Inc. He remains Chairman of the company. Since taking the Chairman position, TheDirectory.com has materially grown revenue and completed both financing and acquisitions.
“We are thrilled to have Scott join MetaWorks as President,” said Cameron Chell, Chairman of MetaWorks. “Scott brings more than 25 years of experience in sales, product development, and capital markets. This is an exciting time in the Company’s evolution. In addition, and importantly, I want to express my deep gratitude and respect for the work Bruce Elliot has provided the Company. His leadership and experience were invaluable, and we look forward to his ongoing involvement as an advisor to the Company.”
“I am honored that the MetaWorks team has entrusted me to lead an organization that is positioning to be a leading platform developer for Web3 and the metaverse,” said Scott Gallagher, MetaWorks President. “This is a transformational period for MetaWorks, and I am excited about the opportunities ahead.”
About MetaWorks Platforms, Inc.
MetaWorks Platforms, Inc. (CSE: MWRK and OTCQB: MWRK) is an award-winning full-service blockchain and Web3 development platform that empowers Fortune 5000 brands to create and monetize their metaverse.
For more information on MetaWorks, please visit us at www.currencyworks.io. For additional investor info, visit www.metaworksplatforms.io or www.sedar.com, and www.sec.gov, searching MWRK.
Media Contact
Arian Hopkins
arian.hopkins@metaworksplatforms.io
Company Contact
Scott Gallagher, President
scott@metaworksplatforms.io
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