Worksport (NASDAQ:WKSP) Appoints Jennifer Kartychak As CFO to Drive Financial Scale-Up
Rhea-AI Summary
Worksport (NASDAQ:WKSP) appointed Jennifer Kartychak, CPA, as Chief Financial Officer effective May 1, 2026, and named her Principal Financial Officer and Principal Accounting Officer. Kartychak joined full-time on Jan 1, 2026 after advising the company since Aug 2023.
Her 25+ years of accounting experience includes Ernst & Young and Moog, plus incentive pay tied to SEC reporting, SG&A savings, gross margin improvement, a Board-approved three-year financial roadmap, and cash-flow breakeven targets.
Positive
- Effective date May 1, 2026 for CFO appointment
- Internal promotion with four months full-time experience since Jan 1, 2026
- 25+ years of accounting and public-company reporting experience (Ernst & Young, Moog)
- Incentives tied to SEC reporting, SG&A savings, margin improvement, and cash-flow breakeven
Negative
- Kartychak had only 4 months full-time tenure at Worksport before CFO appointment
- Company provided no specific timetable or numeric target for achieving cash-flow breakeven in this announcement
News Market Reaction – WKSP
In the May 6 session, WKSP declined 0.91%, reflecting a mild negative market reaction. Argus tracked a peak move of +2.4% during that session. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 04 | Conference presentation | Positive | +0.0% | CEO invited to present at D. Boral 2026 Global Conference and meet investors. |
| Apr 29 | Distribution partnership | Positive | -3.9% | Tri-State distribution deal projected as seven-figure plus annual revenue contributor. |
| Apr 20 | Product launch | Positive | +7.5% | Launch of Nexus tonneau cover with pre-order interest and revenue contribution expectations. |
| Apr 16 | Trade show showcase | Positive | +1.0% | Showcasing SOLIS, COR and expanded product line at MOORE Overlanding Expo. |
| Apr 14 | Insider stock acquisition | Positive | +6.3% | CEO acquired 88,214 shares and reiterated growth, margin and cash-flow targets. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent positive operational and commercial updates often saw positive or flat next-day reactions, with one notable selloff on upbeat distribution news.
Over recent months, Worksport has focused on scaling its tonneau and clean-energy platform, highlighted by record 2025 net sales of $16.1M and 2026 revenue guidance of $35M–$42M. News flow centered on product launches like the Nexus cover, new distribution via Tri-State Enterprises, conference visibility, and CEO share purchases. Most positive announcements saw aligned or modestly higher prices, though the Tri-State deal drew a -3.85% reaction. Today’s CFO promotion fits into this broader execution and governance build-out around growth and cash-flow goals.
Key Terms
SEC reporting regulatory
SG&A financial
gross margin financial
Form 8-K regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
New CFO brings public-company reporting, manufacturing finance, technical accounting, governance, and cash-flow planning experience in-house as Worksport scales toward its 2026 growth targets.
WEST SENECA, NY / ACCESS Newswire / May 6, 2026 / Worksport Ltd. (NASDAQ:WKSP) ("Worksport" or the "Company"), a U.S.-based innovator and manufacturer of hybrid and clean energy solutions primarily for the light truck, overlanding, and global consumer goods markets, today announced that its Board of Directors has appointed Jennifer Kartychak, CPA, as Chief Financial Officer, effective May 1, 2026.
Kartychak will also serve as Worksport's Principal Financial Officer and Principal Accounting Officer. Her appointment brings a seasoned finance leader with direct Worksport experience into the CFO role as the Company continues scaling production, expanding distribution, and advancing its previously stated objective of achieving initial operational cash-flow positivity.
Why This Appointment Matters
Kartychak has worked with Worksport since August 2023 through Arend Advisory Group, LLC, an entity wholly owned by her, before joining the Company full-time as Vice President of Finance on January 1, 2026. This internal promotion places the CFO role with a seasoned and vetted finance executive who already understands Worksport's manufacturing operations, reporting requirements, cost structure, revenue ramp, and long-term financial objectives.
As Vice President of Finance for the last 4 months, Kartychak has already been instrumental in supporting a more process-led budgeting approach, strengthening financial reporting cadence, and helping develop the Company's planning around cash-flow positivity. Worksport believes her appointment supports the Company's transition toward a deeper in-house finance function built for scale, accountability, and faster decision-making.
Big Four, Public Company, and Manufacturing Finance Experience
Kartychak brings over 25 years of accounting experience, including approximately five years with Ernst & Young LLP, where she advanced to Manager in the firm's Assurance Services practice. Her background includes manufacturing, public-company reporting, technical accounting, governance practices, internal reporting, acquisitions and divestitures, and executive-level finance support.
Kartychak's experience also includes approximately six years as Corporate Accounting Manager at Moog Inc., a publicly traded manufacturing company. During her tenure, she assumed increasing levels of responsibility and gained extensive experience with SEC reporting requirements, governance practices, operational reporting and complex accounting matters.
Kartychak holds Bachelor of Science degrees in Accounting and Accounting Information Systems from Canisius University. She is a Certified Public Accountant licensed in the State of New York and a member of the American Institute of Certified Public Accountants.
Shareholder-Aligned Financial Execution
Kartychak's disclosed incentive structure includes performance-based objectives tied to finance milestones that matter to shareholders, including timely SEC reporting, monthly consolidated reporting, internal control framework development, SG&A savings and gross margin improvement opportunities, and progress toward cash-flow breakeven. A portion of her equity incentive is also tied to Board approval of a three-year financial roadmap and achievement of cash-flow breakeven, aligning her compensation with Worksport's execution priorities.
"Jennifer has earned this role through technical strength, judgment, and a deep understanding of where Worksport is headed," said Steven Rossi, Founder and Chief Executive Officer of Worksport. "As we scale revenue, expand distribution, and pursue operational cash-flow positivity, we need deep finance leadership - a partner who can help translate manufacturing activity, margin discipline, working capital, and SG&A decisions into a clear operating plan. Jennifer brings that capability, and she already knows our business from the inside."
Rossi continued, "I also want to sincerely thank Mike Johnston for his long-standing service to Worksport. Mike has been part of the Company through important stages of its initial development, and we appreciate his professionalism, loyalty, and contributions. We wish him the very best in his next chapter."
Worksport also announced that Mr. Michael Johnston resigned as Chief Financial Officer, Principal Financial Officer, and Principal Accounting Officer effective April 30, 2026. As disclosed in the Company's Current Report on Form 8-K, Mr. Johnston's resignation was not the result of any disagreement with the Company regarding its operations, policies, practices, financial reporting, or accounting practices.
"I am honored to step into the CFO role at such an important point in Worksport's evolution," said Jennifer Kartychak. "The Company has built a strong platform across U.S. manufacturing, product innovation, and distribution. My focus is to help convert that platform into disciplined financial execution, stronger internal processes, and a clear path toward sustainable growth and cash-flow performance."
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Contacts
Investor Relations, Worksport Ltd. T: 1 (888) 554-8789-128
W: investors.worksport.com W: www.worksport.com E: investors@worksport.com
Connect with Worksport Chief Executive Officer, Steven Rossi
About Worksport
Worksport Ltd. (Nasdaq:WKSP), through its subsidiaries, designs, develops, manufactures, and owns the intellectual property on a variety of tonneau covers, solar integrations, portable power systems, and clean heating & cooling solutions. Worksport has an active partnership with Hyundai for the SOLIS Solar cover. Additionally, Worksport's hard-folding cover, designed and manufactured in-house, is compatible with all major truck models and is gaining traction with newer truck makers including the electric vehicle (EV) sector. Worksport seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and Cold-Climate Heat Pump (CCHP) technology. Terravis Energy's website is terravisenergy.com.
Connect with Worksport
Please follow the Company's social media accounts on X (previously Twitter), Facebook, LinkedIn, YouTube, and Instagram, the links of which are links to external third-party websites, as well as sign up for the Company's newsletters at investors.worksport.com.
Social Media Disclaimer
The Company does not endorse, ensure the accuracy of, or accept any responsibility for any content on these third-party websites other than content published by the Company. Investors and others should note that the Company announces material financial information to our investors using our investor relations website, press releases, Securities and Exchange Commission ("SEC") filings, and public conference calls and webcasts. The Company also uses social media to announce Company news and other information. The Company encourages investors, the media, and others to review the information the Company publishes on social media. The Company does not selectively disclose material non-public information on social media. If there is any significant financial information, the Company will release it broadly to the public through a press release or SEC filing prior to publishing it on social media.
Forward-Looking Statements
The information contained herein may contain "forward‐looking statements." Forward‐looking statements reflect the current view about future events. When used in this press release, the words "anticipate," "believe," "estimate," "scheduled," "expect," "future," "intend," "plan," "project," "envisioned," "should," or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial situation may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: (i) supply chain delays; (ii) acceptance of our products by consumers; (iii) delays in or nonacceptance by third parties to sell our products; and (iv) competition from other producers of similar products. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the SEC, including, without limitation, our latest Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at www.sec.gov. As a result of these matters, changes in facts, assumptions not being realized or other circumstances, the Company's actual results may differ materially from the expected results discussed in the forward-looking statements contained in this press release. The forward-looking statements made in this press release are made only as of the date of this press release, and the Company undertakes no obligation to update them to reflect subsequent events or circumstances.
SOURCE: Worksport Ltd.
View the original press release on ACCESS Newswire