Nixxy appoints MeiLin Yu as chief financial officer following Yang’s departure

Nixxy, Inc. (NASDAQ:NIXX) announced the appointment of MeiLin Yu as its new chief financial officer and treasurer, effective Monday. The announcement follows the conclusion of Xuqiang (Adam) Yang’s consulting agreement and his departure as CFO, which the company stated was not due to any disagreement on operations, policies, or practices.

According to a press release statement, Ms. Yu, 54, will serve as Nixxy’s principal financial and accounting officer. She brings over 20 years of experience in finance, accounting, auditing, SEC reporting, internal controls, mergers and acquisitions, and capital markets transactions for publicly traded companies. From 2022 to 2024, Yu was CFO and treasurer of a Nasdaq-listed financial technology company. She previously served as director and management consultant to a public biotechnology company from 2015 to 2022, and has held senior financial roles at Unilever and ExxonMobil.

Ms. Yu’s background includes oversight of capital raising, financial reporting, technical accounting, budgeting, forecasting, internal controls, audit coordination, and operational improvements in global and regulated environments. She has also served on audit committees, including as chair, and since April 2024 has been a board member of a public electric vehicle company based in California.

Her professional credentials include Certified Public Accountant, Certified Internal Auditor, Chartered Global Management Accountant, and Six-Sigma Black Belt. She holds an MBA from Webster University and a master’s degree in Finance from Shanghai University of Finance and Economics.

The company said compensation arrangements for Ms. Yu have not yet been finalized and are currently under negotiation. Nixxy stated it will file an amendment to the current report once terms are determined.

There are no arrangements or understandings pursuant to which Ms. Yu was appointed as CFO, and she has no family relationships with any director or executive officer of the company. She also holds no direct or indirect material interest in any transaction requiring disclosure.

This information is based on a press release statement included in the company’s recent SEC filing.

In other recent news, Nixxy Inc. reported a significant increase in its monthly revenue run-rate, which grew from just over $1 million in February 2025 to over $15 million in November 2025. This dramatic rise represents a 1,000% growth, leading to an implied annualized revenue run-rate of approximately $180 million. The company also announced its expectation to achieve operational profitability in the first quarter of 2026. Additionally, Nixxy expanded its contract with Sky PLL Data Center OU, which is anticipated to generate an extra $12 million in annual revenue starting January 2026. This expansion will add approximately $1 million in monthly revenue to Nixxy’s telecommunications services. In another development, Nixxy decided not to pursue digital asset treasury initiatives following a strategic review. The company had received multiple inquiries from financial institutions about potentially adding digital assets to its balance sheet but chose not to proceed. These recent developments highlight significant growth and strategic decisions by Nixxy Inc.

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