Alfi Inc. [1](NASDAQ:ALF) has appointed James Lee, the Chairman of the Board, to serve as the Company’s Interim Chief Executive Officer effective July 22, 2022.
He replaces Peter Bordes as the Company’s Interim Chief Executive Officer, effective July 22, 2022 (who continues to serve as a director of the company).
James age 63, has been Chairman of the Board since October 22, 2021, and a director of the Company since July 2018. He has been the founder, President and Chief Executive Officer of Lee Aerospace, Inc., a manufacturer of aircraft windshields, full-fuselage builds, and complex composite parts for the aerospace industry, since 1987.
James said “We are seeking to deliver improved results. We understand that our shareholders, customers, and partners expect more. We believe that better execution, careful management of costs, prudent capital spending, carefully growing our existing rideshare base and strengthening our software capabilities, among other things, will be important to our success. I have already started working more closely with our executive team and our sales and technical teams in an effort to make appropriate strategy adjustments. Under the leadership of CW Feril, Sr. Vice President of Operations, we continue to focus on strengthening our rideshare initiative by seeking to enhance our driver installation processes, communications, and payment platform, while striving to build our pipeline of advertisers. We intend to methodically advance the rollout of our AI-enabled intelligent tablets to additional rideshare drivers in our existing major U.S. markets while continuing to make incremental improvements to our software. We expect that this will enable us to increase the number of tablets deployed.”
Bottom line, I don’t think anyone cares!!