Original News Release
Kovo+ CEO Anderson resigns; Steele appointed
Mr. Peter Bak reports
KOVO+ HOLDINGS ANNOUNCES RESIGNATION AND APPOINTMENT OF CHIEF EXECUTIVE OFFICER
Justin Anderson, chief executive officer of Kovo+ Holdings Inc., has resigned due to health reasons, effective immediately. The board of directors accepts Mr. Anderson's resignation with deep appreciation for his contributions and thanks him for his service and dedication to Kovo.
Michael Steele, a current director of the corporation, will assume the role of chief executive officer, effective immediately. Mr. Steele brings years of expertise in financing, mergers and acquisitions, and scaling companies that will ensure continuity of leadership and continuing commitment to advancing Kovo's strategic objectives.
Mr. Anderson will continue to support Kovo during a transition period to ensure an orderly handover of responsibilities.
Chairman Peter Bak stated: "We are enormously grateful to Justin for his strong leadership through a period of critical transformation for Kovo. Justin took on the difficult task of restructuring, refocusing our operations and creating stability. Thanks to his vision, we have laid the groundwork for sustained growth, particularly across our medical billing and AI services segments. We wish Justin well in his recovery and remain deeply appreciative of his service."
Mr. Steele, incoming CEO, added: "I am honoured by the trust the board has placed in me. I intend to build on the foundation Justin established. Our future is promising. With focused strategy, disciplined execution and the talented team in place, I am confident in Kovo's ability to deliver long-term value for all stakeholders."
About Kovo+ Holdings Inc.
Kovo is a versatile technology company leading the charge in artificial intelligence initiatives to drive impact and innovation across diverse industries. Kovo remains committed to its core business model of strategic growth opportunities within mid-market medical billing firms, where business optimization synergies are significant. Moving forward, Kovo will integrate accretive additions in the broader health care sector and pursue opportunities in adjacent markets. Dedicated to revolutionizing business process optimization through technological advancements and evolving artificial intelligence applied methods, Kovo embodies a commitment to profitability that is both ensured and enduring.
We seek Safe Harbor.
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