Carbon Streaming Announces Board and Management Changes
Rhea-AI Summary
Carbon Streaming (OTCQB: OFSTF) announced key leadership changes. Marin Katusa, who became CEO on November 25, 2024, has been appointed to the board of directors, replacing Jeanne Usonis who has resigned. Additionally, Mark Schaal will assume the role of Chief Financial Officer effective January 1, 2025. Schaal brings over 35 years of finance and accounting experience, including 17 years as CFO of various private companies. He holds a BA in Economics from UCLA and an MBA from Dartmouth's Tuck School of Business.
Positive
- Appointment of experienced CFO with 35+ years of finance background
- CEO Marin Katusa joining the board strengthens leadership alignment
Negative
- Board member resignation indicates leadership turnover
News Market Reaction 1 Alert
On the day this news was published, OFSTF declined 0.22%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
TORONTO, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) is pleased to announce the addition of Marin Katusa to the Company’s board of directors (the “Board”). The Company also announces that Jeanne Usonis has resigned from the Board.
The Board would like to thank Ms. Usonis for her valuable contribution and dedicated service to the Company and wishes her every success in her future endeavors.
Mr. Katusa, who has acted as the Chief Executive Officer of the Company since November 25, 2024, will fill the vacancy left on the Board.
The Company is also pleased to announce the appointment of Mr. Mark Schaal as Chief Financial Officer of the Company effective January 1, 2025.
“On behalf of the entire organization I would like to extend a very warm welcome to Mr. Schaal,” said Mr. Katusa.
Mr. Schaal has over 35 years of finance and accounting experience and has spent the past 17 years acting as Chief Financial Officer of a number of private companies. Mr. Schaal graduated from the University of California, Los Angeles with a BA in Economics and holds an MBA from the Amos Tuck School of Business Administration at Dartmouth College.
About Carbon Streaming
Carbon Streaming aims to accelerate a net-zero future. We pioneered the use of streaming transactions, a proven and flexible funding model, to scale carbon credit projects. The Company’s focus is on projects that generate high-quality carbon credits and have a positive impact on the environment, local communities, and biodiversity, in addition to their carbon reduction or removal potential. This approach aligns our strategic interests with those of project partners to create long-term relationships built on a shared commitment to sustainability and accountability and positions us as a trusted source for buyers seeking high-quality carbon credits.
The Company has carbon credit streams and royalties related to over 15 projects around the world, including removal, reduction and avoidance projects from nature-based, agricultural, engineered and community-based methodologies.
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ON BEHALF OF THE COMPANY:
Marin Katusa, Chief Executive Officer
Tel: 365.607.6095
info@carbonstreaming.com
www.carbonstreaming.com
Investor Relations
investors@carbonstreaming.com
Media
media@carbonstreaming.com
FAQ
When will Mark Schaal become CFO of Carbon Streaming (OFSTF)?
What is Mark Schaal's professional background before joining Carbon Streaming (OFSTF)?
When did Marin Katusa become CEO of Carbon Streaming (OFSTF)?
What recent changes occurred in Carbon Streaming's (OFSTF) board of directors?
