NEXE Innovations Inc. announces new executive appointments
by CM Staff
Chris Murray has been named Vice President of Sales and Marketing at NEXE and Kam Mangat has been named VP of Investor Relations.
VANCOUVER — NEXE Innovations Inc., a company involved in manufacturing compostable materials, announces the appointment of two executives in a move to enhance its leadership team to support and implement its strategic priorities.
Chris Murray has been named Vice President of Sales and Marketing at NEXE. Mr. Murray has experience in the consumer-packaged goods (CPG) industry in Canada and the US. Mr. Murray was most recently Vice President of Sales and Marketing at Zavida Coffee Company where his team grew Zavida Coffee’s business. Mr. Murray managed a growing marketing team at Zavida Coffee that continuously onboarded new and trending coffee formats, including recyclable K-Cup formats.
“I’ve been in the coffee industry for close to 20 years and had the pleasure of selling to most large retail, OCS and Food Service customers across North America. Over the years, I saw the birth and meteoric growth of K-Cups in the industry. In my opinion, the upside of K-Cups is the amazing convenience of brewing one cup of coffee at a time and the downside is filling our landfill with single-use plastics. I believe customers and businesses alike are clamoring for a better solution. I’ve known the team at NEXE (Darren Footz & Ash Guglani) for many years and I very much look forward to working with them,” said Chris Murray, Vice President, Sales & Marketing.
Kam Mangat has been named Vice President of Investor Relations and Corporate Strategy at NEXE. Ms. Mangat was most recently Vice President, Relationship Management at a consulting firm covering U.S. and Canadian pension plans. Ms. Mangat has also worked in capital markets as a sell-side equity analyst covering Industrials and Special Situation equities for a national investment dealer serving mainly institutional and corporate clients.
“After commercializing and beta testing the NEXE coffee pod, we are now keenly focused on growing sales. The appointment of Chris Murray, a seasoned CPG salesperson with a proven track record will ensure that we are positioned to be the market leader in the single-serve industry. The appointment of Kam Mangat will enhance our focus on capital markets and corporate strategy to help build internal operations to support our growth,” said Ash Guglani, President, NEXE Innovations. “We expect that the new appointments will significantly strengthen our team as we focus on executing on our strategy”.
The Company also announces that it has entered into amended agreements with certain key employees and independent contractors to permit the Company to issue in certain circumstances common shares of the Company for services provided by such employees and independent contractors in lieu of salary, bonuses or other compensation payable to such employees and independent contractors.
Further to the above, the Company also announces the issuance of 435,714 common shares of the Company at a deemed price of $0.28 per share to certain employees and independent contractors of the Company in satisfaction of an aggregate of $122,000 to be paid to such employees and independent contractors in accordance with their arrangements with the Company.