Mission Ready Solutions (TSXV: MRS) has seen its CEO and President, Jeffrey Schwartz, tender his resignation to the company effective August 7, 2020. While a reason was not directly provided for the resignation, the interim replacement, James A Marks, stated, “It’s now time to transition to a new leader with deep leadership and organizational skills to continue to build and to stabilize the platform,” suggesting Schwartz was forced out.
Commenting on his departure, Schwartz also stated that he stepped aside with “mixed emotions,” suggesting his departure wasn’t entirely his decision. Schwartz had been with the company since March 2017, and was responsible for growing revenues to over $21.1 million in 2019.
“Its has been a pleasure and truly an honor to help build Mission Ready to the point its at today. It is with mixed emotions that I step aside as President and CEO. I will certainly miss the great folks I’ve had the pleasure of working so closely with during the past 3 years but I am also very much looking forward to spending more time with my immediate and extended family. As for the Company’s future, I have full confidence in my fellow directors to identify an excellent candidate to lead the Company forward at this exciting and opportune time.”
Jeffery Schwartz, outgoing CEO & President of Mission Ready
Taking Schwartz’s place on an interim basis will be that of James A. Marks, a retired Major General of the United States Army, a career he had for thirty years. Notable posts include that of holding the position of senior intelligence officer during the LA Riots, in the Balkans, Korea, and Iraq. Schwartz will remain as a director of the company.
Mission Ready last traded at $0.14 on the TSX Venture.
Information for this briefing was found via Sedar and Mission Ready Solutions Inc. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
