Netcapital terminates CEO Rich Wheeless, appoints Todd Violette as new CEO

Netcapital Inc.

Rich Wheeless terminated as CEO on April 12, 2026; Todd Violette named CEO effective April 13, 2026.
Employment agreement with Violette: 12-month term, $120K annual base salary, bonus/stock option eligibility.
Violette has 25+ years in capital markets/fintech; past CEO of CloudCover, AppYea, Vinergy, etc.
Company issued press release April 16 announcing the appointment and strategic focus.

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