• Gratomic Inc (TSXV:GRAT) has announced the re-appointment of Arno Brand as President and CEO
  • Arno replaces Sheldon Inwentash who will move to the board as a director
  • Board has made the decision as it represents the most viable option for completing its processing plant in Namibia
  • Gratomic has also announced the appointment of Walter Luke to the board
  • Gratomic Inc (GRAT) is trading for C$0.045 per share, down 10 per cent with a market cap of $2.03 million

Gratomic Inc (TSXV:GRAT) has today announced the re-appointment of Arno Brand as President and CEO, effective immediately.

Gratomic has a somewhat confusing corporate structure, and directors and CEO’s have been playing musical chairs in recent weeks.

Arno was previously the Co-CEO just three weeks ago, but resigned.

The company gave no reason for his resignation.

He agreed to stay on in an advisory capacity to assist the company with the completion of its processing plant in Namibia.

Arno shared the role with outgoing CEO, Sheldon Inwentash. He has now replaced Sheldon as both CEO and President.

The company has advised that Sheldon will move to the board as a Director.

Gratomic has also advised that Walter Luke has joined the board, replacing Gerry Feldman and Jakson Inwentash.

The pair resigned to make room for Luke, as well as an other potential new directors over the coming weeks.

Luke is a professional project manager with 29 years of experience directing projects for tech giants such as Nortel, Bell Mobility, Nigeria multilink, Australia Optus and New Zealand Clear.

Luke’s successful private enterprise has taken him to over 40 countries and has brought international recognition for his contribution to new business developments.

Luke has won several Chairman’s and President’s awards in his time as a company director.

Luke also holds a project manager professional certification from the Project Management Institute.

“I welcome Mr Luke to our family at Gratomic and thank Gerry Feldman and Jakson Inwentash for their contribution and guidance in the past” said Arno.

Gratomic are a graphite company, focused on developing a graphite production facility in Namibia.

Gratomic Inc (GRAT) are trading for C$0.045 per share, down 10 per cent at 3:19pm EST.

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