GPO Plus Inc (OTCMKTS:GPOX) is well known for operating a wide range of diversified but industry focussed Group Purchasing Organisations. The company has had a fairly rough time in the markets over the course of the past month and during the period, the stock has tanked by as much as 7%.
Market Action
On Friday, GPOX stock fell 12% to $0.88 with 55.3K shares, compared to its average volume of 7.4K shares. The stock has moved within a range of $0.7500 – 1.3000 after opening trade at $1.30.
GPOPlus+ Announces New Chief Operating Officer and Board Member Wayne Smeal
Yesterday, the company actually came into focus after it made a key announcement and it may be a good time to take a look into it. The company announced yesterday that it had appointed a new Chief Operating Officer in the form of Wayne Smeal. In addition to that, Smeal has also been inducted into the board of directors of the company.
The appointment of a new Chief Operating Officer is almost always a major development for any company and it is now different for GPO Plus. In addition to that, it is perhaps also necessary to point out that Smeal is a highly seasoned executive and since the beginning of his career, he has worked with a slew of companies which are part of the Fortune 500 list.
At this point in time, it may be a good idea for investors to add the stock to their watch lists.
Key Quote
“Wayne’s knowledge, expertise, and operational leadership are just the skill set we need to lead GPOX forward and position our company for long term growth,” said Brett H. Pojunis, CEO of GPOX. Pojunis continued, “Wayne has been charged with the responsibility to drive new product development, negotiate new distribution agreements in his role of COO while assisting with the expansion of our national sales efforts. Wayne will bring a focus and commitment to customer service while continuing to grow our core business and identifying new opportunities. Furthermore, he is managing our national sales team and runs our Florida sales office.”
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