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In a recent shift in leadership, Skkynet Cloud Systems, Inc. (OTCQB:SKKY), a company specializing in prepackaged software services with a market capitalization of $31.89 million, announced the appointment of Mr. John Adiletta as the new Chairman of the Board, effective immediately on March 13, 2025. The change was disclosed in a Form 8-K filing with the Securities and Exchange Commission. According to InvestingPro data, the company has demonstrated strong performance with a 70% return over the past year.
Mr. Adiletta, who has served as an independent Director and member of the Board and Audit Committee since October 2014, will hold the position of Chairman until the next annual meeting of stockholders. His extensive experience is expected to guide the company through its upcoming business endeavors, including the upcoming earnings announcement scheduled for March 19, 2025.
This appointment coincides with the resignation of Mr. Andrew Thomas as Chairman of the Board; however, Mr. Thomas will continue his roles as Chief Executive Officer and a Director of the company. The company’s leadership transition comes as it continues to navigate the competitive landscape of the software services industry.
The information in this article is based on a press release statement.
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