Menē Inc. Announces Change in CFO

TORONTO, July 20, 2023 (GLOBE NEWSWIRE) -- Menē Inc. (TSX-V:MENE) (US:MENEF) (“Menē” or the “Company”), an online 24 karat jewelry brand, today announced that Gavin Johnson has been appointed Chief Financial Officer of the Company in place of Adil Sheikh, effective immediately, following Mr. Sheikh’s resignation as CFO, a position he has held since 2020, in order to pursue a new opportunity.

The Company thanks Mr. Sheikh for his years of dedicated service and wishes him very well in his future endeavours and would like to further extend a warm welcome to Mr. Johnson.

Mr. Johnson attended the University of Cape Town where he obtained his Bachelor of Commerce Degree in Financial Accounting and Post-Graduate Diploma in Accounting and holds the designations of Chartered Accountant South Africa and Canadian Chartered Professional Accountant. He has held senior and managerial positions at Grant Thornton Cape Incorporated (the South African member firm of Grant Thornton International Ltd.), Polyoak Packaging (Pty) Ltd., Deloitte LLP (United Kingdom and Canada) and Altus Group (Canada). Much of his client engagement and industry experience includes working with large manufacturing, engineering consultancy, construction, and SaaS entities.

Statement from Adil Sheikh:

It has been a privilege to have worked alongside our leadership team and the many talented individuals within the Company. With Menē well positioned for ongoing success, I feel confident that now is the right time for me to move on to new challenges. Over the past few weeks, I have been working to ensure there is a seamless transition for the incoming CFO. I wish my successor the very best of luck as he focuses on the next phase of the company’s development.

Statement from Gavin Johnson:

Menē is providing a unique and exceptional value proposition to the market. It has grown rapidly from its infancy in a competitive industry and is positioned to continue its upward trajectory. I am delighted to be joining a vibrant and energetic team that has a passion for delivering top-quality products and customer service. From a finance perspective, my top priority is to holistically prepare Menē for future growth.

Statement from founder and Chief Executive Officer, Roy Sebag:

As previously disclosed to shareholders in our annual results press release, Menē is preparing for an important transition. In the first years since founding the company, we focused on developing our business model, testing our thesis about the potential demand for our disruptive concept, and, perhaps more importantly, confirming that our economic model was viable. Adil Sheikh has been an integral part of this initial journey serving as our CFO during those critical years. I would like to thank Adil for his years of service as Menē Inc.’s CFO and wish him all the best in his future endeavours.