Tingo Group CFO resigns amid Israel conflict; sells Micronet stake for $1.1M

Tingo Group, Inc.

Amir Ayalon moved to part-time consultancy due to personal difficulties and family commitments from the Israel conflict; effective Nov 13, 2023.
Hao (Kevin) Chen appointed Group CFO; previously served as CFO from Nov 2021 to Oct 2023.
MICT Telematics sold all 2,951,618 shares of Micronet Ltd for 4,250,330 NIS (~$1.1M) as non-core disposal.
Company initiated search for permanent CFO; Chen to serve as interim Group CFO.

item 5.02 item 8.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Amir Ayalon

Group Chief Financial Officer

Tingo Group, Inc.

Effective: 2023-11-13
Successor: Hao (Kevin) Chen
Filed: November 24, 2023, 6:59 PM ET

On November 13, 2023, Amir Ayalon, who accepted the position of Group Chief Financial Officer on October 2, 2023, moved into a part-time consultancy role due to a significant change in his personal circumstances.

Appointed (interim)

Hao (Kevin) Chen

Group Chief Financial Officer

Tingo Group, Inc.

Effective: 2023-11-22
Filed: November 24, 2023, 6:59 PM ET

On November 22, 2023, the Company’s board of directors appointed Mr Chen as Group Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Amir Ayalon departed as Group Chief Financial Officer at Tingo Group, Inc..

Action: moved to part-time consultancy
Role: Group Chief Financial Officer

Exact text from the filing

On November 13, 2023, Amir Ayalon, who accepted the position of Group Chief Financial Officer on October 2, 2023, moved into a part-time consultancy role due to a significant change in his personal circumstances.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Hao (Kevin) Chen was appointed as Group Chief Financial Officer at Tingo Group, Inc..

Action: appointed
Role: Group Chief Financial Officer

Exact text from the filing

On November 22, 2023, the Company’s board of directors appointed Mr Chen as Group Chief Financial Officer.

View on SEC.gov

Source: SEC EDGAR

accession 0001213900-23-089876

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