- Two executives from SHRG subsidiary Elepreneur have been named as new SHRG board members
- Four independent outside members will join the board as the company continues to pursue uplisting to the Nasdaq
- Company CFO Frank Walters has resigned from the board; he will continue as CFO with a focus on the uplisting process
Sharing Services Global Corporation (OTCQB: SHRG) has named Elepreneur President Keith Halls and Elepreneur CEO Kip Allison as members of the SHRG board. Additionally, SHRG plans to add four independent members to its board as it pursues an uplisting to the Nasdaq, according to SHRG CEO John “JT” Thatch.
“We are finalizing our year-end audit and undertaking preliminary steps to expand our board of directors with four qualified, independent outside members,” Thatch stated in a news release (http://ibn.fm/ceiPl). “A search committee has been commissioned to begin this process as we continue the Nasdaq uplist process.”
SHRG CFO Frank Walters has resigned as a board member but will continue as CFO and will concentrate on the uplisting process and the continued growth of the company.
Halls has been with SHRG since August 2018. He brings a long history of success, both on the distributor and corporate sides. He began in the direct-selling industry in 1986 when he joined NuSkin Enterprises, eventually serving as senior vice president and a board member in that organization. He left NuSkin in 2001, becoming a distributor and part of the sales force for numerous companies.
Allison was originally retained by the company last year as outside counsel and to assist in the operational structure. Prior to that, he was with DF&R Inc. for 10 years in corporate operations. He earned a law degree from the SMU School of Law and built a legal practice focused on closely held corporations. He was the principal and managing partner of his litigation firm until he joined Elepreneur as CEO.
SHRG is a Plano, Texas-based diversified holdings company that owns, operates or controls a variety of companies engaged in direct selling through independent sales representatives. The company also offers services in the energy, technology and insurance sectors. Its divisions include Elevacity Global LLC and Elepreneur LLC.
For more information, visit the company’s website at www.SHRGInc.com
NOTE TO INVESTORS: The latest news and updates relating to SHRG are available in the company’s newsroom at http://ibn.fm/SHRG