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Starco Brands, Inc. (OTCQB:STCB) announced the elimination of its Chief Marketing Officer position, resulting in the immediate departure of David Dreyer from the company. The change took effect Monday as part of an ongoing strategic initiative to streamline the company’s organizational structure.
According to a press release statement included in a Securities and Exchange Commission filing, the company will not appoint a successor to the Chief Marketing Officer role. Instead, the responsibilities previously held by Mr. Dreyer will be integrated across existing leadership teams.
Starco Brands, based in Los Angeles, operates in the advertising services sector and is incorporated in Nevada. The company’s Class A common stock is traded on the OTC Markets Group’s OTCQB tier under the symbol STCB.
The filing states that the decision to eliminate the position is part of the company’s plans to enhance operational efficiency and optimize resource allocation. No further details regarding compensatory arrangements or financial terms related to the departure were disclosed in the filing.
This information is based on a press release statement included in the company’s Form 8-K filed with the SEC.
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