Pelican AI Appoints Nino Di Teodoro as Chief Executive Officer to Lead Next Phase of Commercial Growth

Seasoned financial services and payments executive brings more than two decades of leadership experience as Pelican focuses on expanding global banking relationships, entering new markets and accelerating product commercialization

Toronto, Ontario--(Newsfile Corp. - September 2, 2026) - Pelican AI (CSE: PEL) ("Pelican" or the "Company"), a provider of artificial intelligence-powered payments, financial crime compliance and trade finance solutions, is pleased to announce the appointment of Nino Di Teodoro as Chief Executive Officer.

Mr. Di Teodoro brings more than two decades of senior leadership experience across financial services, payments, digital banking and financial crime compliance. His appointment comes as Pelican enters its next stage of commercial development, with a focus on expanding relationships with financial institutions in North America and internationally, increasing penetration within existing markets, entering new geographic markets and introducing additional products across its payments and compliance platform.

Mr. Di Teodoro is a product-led executive with extensive experience in P&L management, new product innovation, market strategy and value proposition development. His career has been built at the intersection of technology and financial services, with a particular focus on developing and commercializing solutions for financial institutions.

Most recently, Mr. Di Teodoro served as Vice President at Symcor, where he led business process optimization, fraud and financial crimes product lines. Prior to Symcor, he held senior roles at Central 1 Credit Union, where he was responsible for digital banking platforms, strategic relationships and payments innovation.

Earlier in his career, Mr. Di Teodoro held executive and senior leadership positions at Meridian Credit Union, Thales, TD Bank Group, Citi Cards Canada and CIBC, with responsibilities spanning everyday banking, emerging payments technology, enterprise fraud management and card solutions. Mr. Di Teodoro holds a Master of Business Administration degree from the Richard Ivey School of Business at the University of Western Ontario and sits on many non-profit boards.

Pelican has spent more than 30 years developing and deploying proprietary artificial intelligence technology for the global financial services industry. Today, the Company's technology is trusted by major financial institutions in more than 55 countries and has processed more than 2 billion transactions representing approximately $10 trillion in transaction value. Pelican has developed its AI technology through decades of deployment within highly regulated financial environments. Its platform combines artificial intelligence, machine learning and natural language processing to automate and optimize payments, financial crime compliance and trade finance processes.

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