NuZee, Inc. (NASDAQ:NUZE), a company in the miscellaneous retail sector, has announced the appointment of Ms. Zhanzhan Shi as its new Acting Chief Financial Officer effective as of Monday. The decision was made by the Board of Directors on September 4, 2024, following the departure of the previous CFO.
Ms. Shi, 36, brings a wealth of experience to NuZee, with 12 years of specialization in financial roles across various industries. Her background includes positions ranging from accounts payable accountant to financial director, with a particular emphasis on financial management for companies listed in Mainland China.
Her expertise covers a wide array of financial disciplines, including fund and asset management, cost accounting, report analysis, tax planning, and internal control systems.
Prior to joining NuZee, Ms. Shi served as the financial director for several companies, including Beijing Alita Commercial Co., Ltd., Zhicheng Technology Co., Ltd., and Shenzhen Green Leopard Medical Technology Co., Ltd. She holds a degree from Wuhan College of Zhongnan University of Economics and Law, which she received in 2010.
NuZee's choice of Ms. Shi as acting CFO reflects the company's commitment to strong financial leadership. Her appointment comes at a time when the company is navigating through the complexities of the retail sector.
The company has confirmed that there are no familial relations between Ms. Shi and any other directors or executive officers at NuZee. Additionally, there are no material transactions involving Ms. Shi that would require disclosure under SEC regulations.
In other recent news, NuZee, Inc. has secured significant financial backing, with $3 million raised through the sale of equity securities and an additional $2.05 million through convertible notes. The company has also seen significant changes in its executive ranks, with Co-Chief Executive Officer and Chief Financial Officer, Randell Weaver, recently stepping down. In addition, NuZee has appointed Jianshuang Wang as the Chairman of the Board of Directors and Co-Chief Executive Officer.
In a strategic move, NuZee has expanded its product offerings to include maca-infused food and beverage products in various Asian markets, leveraging its AI-powered online sales platform. This development is part of the company's recent shift in focus and its commitment to bolstering its market presence.
The company has also made significant changes to its board, with the departure of J. Chris Jones and David G. Robson, and the appointment of Jian Liu and Zongmei Huang as new board members. These changes reflect NuZee's commitment to strategic growth and leadership.
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