Planet Based Foods Global Inc. Announces Board Changes and the Establishment of a Subsidiary in Singapore
Planet Based Foods Global (OTC: PBFFF) announced board and management changes and a new wholly owned Singapore subsidiary on October 22, 2025. Key moves include the appointment of Kerem Akbas as CEO, President and Chair, the appointment of Andrew McLeod as interim Corporate Secretary, and the conclusion of Brittany Ray-Wilks tenure as COO.
Mr. Akbas is principal of a significant shareholder and will receive no direct compensation until the company achieves positive cash flow. The company also formed PBFG Trade Pte. Ltd. in Singapore to support international operations while retaining a majority-independent board.
Planet Based Foods Global (OTC: PBFFF) ha annunciato cambiamenti nel consiglio e nel management e una nuova filiale interamente controllata a Singapore il 22 ottobre 2025. Le mosse chiave includono la nomina di Kerem Akbas a CEO, Presidente e Presidente del Consiglio, la nomina di Andrew McLeod come Segretario Aziendale ad interim, e la conclusione del mandato di Brittany Ray-Wilks come COO.
Il signor Akbas è principale azionista e non riceverà alcun compenso diretto fino a quando l'azienda non avrà flussi di cassa positivi. L'azienda ha anche formato PBFG Trade Pte. Ltd. a Singapore per supportare le operazioni internazionali mantenendo un consiglio di amministrazione per lo più indipendente.
Planet Based Foods Global (OTC: PBFFF) anunció cambios en la junta y en la dirección y una nueva subsidiaria de propiedad total en Singapur el 22 de octubre de 2025. Las medidas clave incluyen el nombramiento de Kerem Akbas como CEO, Presidente y Chair de la junta, el nombramiento de Andrew McLeod como Secretario Corporativo interino, y la finalización del mandato de Brittany Ray-Wilks como COO.
El Sr. Akbas es accionista principal y no recibirá compensación directa hasta que la empresa alcance flujo de caja positivo. La empresa también formó PBFG Trade Pte. Ltd. en Singapur para apoyar operaciones internacionales manteniendo una junta mayoritariamente independiente.
Planet Based Foods Global (OTC: PBFFF)는 2025년 10월 22일 이사회 및 경영진 변화와 싱가포르에 완전 자회사인 새로운 법인을 발표했습니다. 주요 조치로는 Kerem Akbas를 CEO, 사장 및 이사회 의장으로 임명하고, Andrew McLeod를 임시 기업 비서로 임명하며, Brittany Ray-Wilks의 COO 임기를 마감하는 것이 있습니다.
AKbas 씨는 주요 주주로서 회사가 현금 흐름이 양수로 전환될 때까지 직접 보상을 받지 않을 것입니다. 또한 국제 운영을 지원하기 위해 싱가포르에 PBFG Trade Pte. Ltd.를 설립하고, 다수의 이사회가 독립적으로 유지됩니다.
Planet Based Foods Global (OTC: PBFFF) a annoncé des changements au sein du conseil et de la direction ainsi qu'une nouvelle filiale entièrement détenue à Singapour le 22 octobre 2025. Les mesures clés incluent la nomination de Kerem Akbas au poste de PDG, Président et Président du conseil, la nomination de Andrew McLeod comme Secrétaire d'entreprise par intérim, et la fin de mandat de Brittany Ray-Wilks en tant que COO.
Mr. Akbas est actionnaire principal et ne percevra aucune compensation directe tant que l'entreprise n'aura pas de flux de trésorerie positif. L'entreprise a également créé PBFG Trade Pte. Ltd. à Singapour pour soutenir les opérations internationales tout en conservant un conseil d'administration majoritairement indépendant.
Planet Based Foods Global (OTC: PBFFF) hat am 22. Oktober 2025 Veränderungen im Vorstand und Management sowie eine neue, vollständig eigenständige Tochtergesellschaft in Singapur angekündigt. Zu den wichtigsten Maßnahmen gehört die Ernennung von Kerem Akbas zum CEO, Präsidenten und Vorsitzenden des Vorstands, die Ernennung von Andrew McLeod zum vorläufigen Corporate Secretary und das Ende der Amtszeit von Brittany Ray-Wilks als COO.
Herr Akbas ist Hauptaktionär und wird keine direkte Vergütung erhalten, bis das Unternehmen positiven Cashflow erzielt. Das Unternehmen hat außerdem PBFG Trade Pte. Ltd. in Singapur gegründet, um internationale Operationen zu unterstützen, während ein überwiegend unabhängiger Vorstand beibehalten wird.
Planet Based Foods Global (OTC: PBFFF) أعلنت عن تغييرات في المجلس والإدارة وعن وجود فرع تام الملكية جديد في سنغافورة في 22 أكتوبر 2025. تشمل التحركات الرئيسية تعيين Kerem Akbas كـ CEO ورئيس و رئيس مجلس الإدارة، وتعيين Andrew McLeod كـ أمين سر الشركات مؤقتًا، وانتهاء فترة Brittany Ray-Wilks كـ COO.
السيد أكبالاس هو مساهم رئيسي وسيحصل على بدل مباشر حتى يتحقق التدفق النقدي الإيجابي للشركة. كما أن الشركة شكلت PBFG Trade Pte. Ltd. في سنغافورة لدعم العمليات الدولية مع الاحتفاظ بمجلس إدارة إلى حد كبير مستقل.
Planet Based Foods Global (OTC: PBFFF) 于 2025年10月22日 宣布了董事会和管理层的变动，以及在新加坡设立的全资子公司。关键举措包括任命 Kerem Akbas 为 CEO、总裁及董事会主席，任命 Andrew McLeod 为临时公司秘书，以及结束 Brittany Ray-Wilks 担任 COO 的任期。
Akbas 先生是主要股东，将在公司实现正向现金流之前不接受 直接薪酬。公司还在新加坡设立了 PBFG Trade Pte. Ltd. 以支持国际业务，同时保持大多数独立董事会的架构。
- Appointment of Kerem Akbas as CEO, President and Chair on Oct 22, 2025
- Formation of wholly owned subsidiary PBFG Trade Pte. Ltd. in Singapore
- Board retains a majority of independent directors for oversight
- CEO is principal of a significant shareholder (related-party governance fact)
- CEO compensation deferred until the company achieves positive cash flow
- Chief Operating Officer tenure concluded, creating an executive vacancy
Vancouver, British Columbia--(Newsfile Corp. - October 22, 2025) - Planet Based Foods Global Inc. (CSE: PBF) (OTC Pink: PBFFF) (FSE: AZ00) (the "Company" or "PBFG") announces significant corporate developments as it continues to execute on its growth strategy.
Appointment of Chief Executive Officer, President and Chair of the Board
PBFG is pleased to announce the appointment of Kerem Akbas as Chief Executive Officer and President, and as Chair of the Board. Mr. Akbas succeeds Ms. Claire Skillen who has completed her tenure with PBFG. Mr. Akbas is also the principal of Coenda Investments Holding Corp., a significant shareholder of the Company. However, the Company's Board remains composed of a majority of independent members who provide strong oversight and governance as PBFG continues to execute its strategic plans.
Mr. Akbas will not receive any direct compensation until the Company achieves a positive cash flow. Compensation will be based on profitability of the Company, subject to approval of the Company's compensation committee.
Mr. Akbas is a Turkish-Canadian entrepreneur and tech investor with a strong background in finance and business development. He runs his own family office, focusing on strategic investments in technology and innovative sectors. Mr. Akbas invests in various technology companies and has a proven track record of building, growing, and managing businesses through acquisitions and investments. With skills in business strategy, negotiation, and planning, he has demonstrated involvement in growing tech enterprises.
Appointment of Corporate Secretary
PBFG is pleased to announce the appointment of Andrew McLeod as interim Corporate Secretary. Mr. McLeod succeeds Ms. Dawn Wattie as part of the Company's organizational realignment and the Board thanks her for her contributions to the Company.
Mr. McLeod is the founder of PEAK Legal Counsel, which acts as corporate counsel to the Company. Prior to his legal career, Mr. McLeod worked in accounting and operational roles at a large financial institution. He has advised private and public companies on a variety of matters, including corporate governance, over the past decade.
Conclusion of tenure of Chief Operating Officer
Brittany Ray-Wilks has concluded her tenure as Chief Operating Officer as part of the Company's organizational realignment and the Board thanks her for her contributions to the Company.
Establishment of Subsidiary
The Company also announces the establishment of a wholly owned subsidiary, PBFG Trade Pte. Ltd., in Singapore, to support its international operations and partnerships.
About Planet Based Foods Global Inc.
Planet Based Foods Global Inc. is reimagining the future of food through a diverse portfolio of sustainable ingredients, plant-based solutions, and advancements in agricultural technology. With a focus on environmental stewardship, product excellence, and scalable impact, the Company empowers food manufacturers, partners, and consumers to participate in a cleaner, healthier, and more resilient global food system. Planet Based Foods operates with integrity and purpose, delivering products that align with evolving consumer values and contribute to a more sustainable future.
Additional information is available at www.sedarplus.ca.
On Behalf of the Board
Kerem Akbas
Chief Executive Officer and President
Contact: info@pbfglobal.com
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding future plans, strategies, objectives, expectations, and intentions of Planet Based Foods Global Inc. (the "Company"). These statements are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are beyond the Company's control. Such risks and uncertainties include, without limitation, industry developments, regulatory changes, access to capital, operational challenges, supply chain disruptions, and economic conditions. Actual results may differ materially from those expressed or implied in forward-looking statements. Readers are cautioned not to place undue reliance on these statements. The Company undertakes no obligation to update or revise any forward-looking statements except as required by law.
Additional information, including risk factors, is available in the Company's public filings on SEDAR+ at www.sedarplus.ca.
The Canadian Securities Exchange has not reviewed, approved, or disapproved the contents of this release and accepts no responsibility for its adequacy or accuracy.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271546
FAQ
Who was named CEO and Chair of Planet Based Foods (PBFFF) on October 22, 2025?
What is Kerem Akbas's compensation arrangement at PBFFF?
Did Planet Based Foods (PBFFF) create any new subsidiaries on October 22, 2025?
Who was appointed interim Corporate Secretary at Planet Based Foods (PBFFF)?
What happened to Planet Based Foods' COO as of October 22, 2025?
Does the Planet Based Foods board remain independent after the Oct 22, 2025 changes?
