Energy & Water Development Corp (EAWD) reports a series of board and leadership changes. On August 26, 2026, Ralph Max Hofmeier resigned, effective immediately, as Chairman and as a director, citing a disagreement with the Chief Executive Officer regarding the company’s operations, policies and practices; he did not resign from his separate role as Chief Technology Officer. The company states it disagrees with his characterizations and that his allegations have not been established by any independent investigation, board determination or adjudication.
Effective August 27, 2026, sole remaining director Irma Velazquez Diaz appointed Dale Johnson III to the board. On August 28, 2026, the board increased its size from two to three directors and conditionally appointed Luis R. Vera Morales, with his appointment effective August 29, 2026. As of August 29, 2026, Velazquez Diaz serves as Chair of the Board and continues as President and Chief Executive Officer, Johnson is Vice-Chair, and Vera Morales is designated Independent Director and Lead Independent Director. New directors will not receive any compensation until after a “Qualified Capitalization,” defined as at least $1,000,000 in unrestricted gross cash proceeds, and then only if separately approved by the board.