Silo Wellness Appoints Defense Finance Veteran Richard Craven as CEO to Guide Strategic Transition to Born Defense
Rhea-AI Summary
Silo Wellness (CSE: SILO) has appointed Richard Craven as its new CEO and Board member, marking a strategic shift as the company transitions to Born Defense Inc. Craven, currently Director of Global Strategy at RemTech, brings extensive experience in defense finance and regulatory compliance. His background includes managing a UK retail investment platform with £11.2 billion in assets and overseeing North American defense operations.
The appointment aligns with Silo's June 2025 announcement to transform into Born Defense Inc., an investment issuer focused on defense and national security sectors. The business transformation, guided by the Just War Doctrine, is expected to complete later in 2025, pending regulatory and shareholder approval.
Positive
- Appointment of experienced defense finance executive Richard Craven as CEO
- Strategic pivot from wellness to defense sector, expanding market opportunities
- New CEO brings proven track record managing £11.2B in assets
- Strong regulatory expertise in ITAR, CFIUS, and transnational investments
Negative
- Business transformation requires regulatory and shareholder approval
- Complete shift in business model carries execution risks
- Transition period could create operational uncertainties
Eugene, Oregon and Toronto, Ontario--(Newsfile Corp. - August 8, 2025) - Silo Wellness Inc. (CSE: SILO) ("Silo," or the "Company") is pleased to announce the appointment of Richard Craven as Chief Executive Officer and to its Board of Directors, effective immediately. Mr. Craven will play a key strategic role in stewarding the company’s transition into Born Defense Inc., an investment issuer focused on the defense and national security space guided by the Just War Doctrine and committed to ending the “forever wars.”
Mr. Craven brings decades of international experience in high-level financial structuring, regulatory navigation, and defense-related enterprise development. He currently serves as Director of Global Strategy at RemTech, a UK-based innovator specializing in secure communications infrastructure for government, military, and commercial markets. His leadership there includes guiding the deployment of advanced secure communications systems.
Prior to his work at RemTech, Mr. Craven also founded and led one of the UK’s largest retail investment distribution platforms, managing over £11.2 billion in assets with annual inflows exceeding £4 billion. He also held CEO responsibilities overseeing the North American operations of a defense-related company acting on behalf of a foreign Ministry of Defense. In that role, he executed major U.S. defense system procurement and co-development agreements with top-tier OEMs.
As an executive well-versed in ITAR, CFIUS, and complex transnational investment frameworks, Mr. Craven offers a unique and critical perspective on Born Defense’s global regulatory posture.
Mike Arnold, president and founder of Born Defense, commented:
"Born's mission requires not just vision, but dealmakers who've operated inside complex defense transactions. Richard's global credibility and executional discipline make him indispensable to our board as we scale Born Defense."
Mr. Craven joins the team at a pivotal moment for the company. On June 2, 2025, Silo Wellness announced its intention to proceed with a change of business and rebrand as Born Defense Inc., focusing on strategic investments across the defense, cybersecurity, critical infrastructure, and national resilience sectors. The change of business is expected to close later this year, subject to regulatory and shareholder approval.
For more information about Silo Wellness and the Born Defense transition, please visit: www.borndefense.com.
About Born Defense
Silo Wellness (CSE: SILO) is a public company currently transitioning its operations into Born Defense Inc., a national security investment issuer committed to ethical defense finance guided by the Just War Doctrine. The company's restructured business model centers on trade finance, strategic equity investments, and collateral-backed lending for pre-IPO and critical infrastructure ventures globally.
Contact Information
Mike Arnold, President
ir at borndefense.com
541-359-3931
www.SiloWellness.com
www.BornDefense.com
Forward-Looking Statements
This press release contains forward-looking statements under applicable securities laws. These statements relate to future events, financial performance, and operational expectations, including the objectives, prospective transaction, market conditions, and strategic plans.
Forward-looking statements involve risks, uncertainties, and assumptions that may cause actual results to differ materially, including market conditions, regulatory changes, geopolitical factors, and capital availability. We undertake no obligation to update these statements except as required by law. Readers should not place undue reliance on forward-looking statements, which speak only as of their date.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/260435
FAQ
Who is the new CEO of Silo Wellness (SILFF)?
What is Silo Wellness's plan to become Born Defense?
What experience does Richard Craven bring to Silo Wellness (SILFF)?
When will Silo Wellness complete its transition to Born Defense?
What sectors will Born Defense focus on after the transformation?
