The appointment of a major new executive is almost always seen as major news by investors and hence, it could well be a good time for investors to take a look into the NNRF Inc (OTCMKTS:NNRI) stock this morning. The company came into focus among investors yesterday after it announced that it appointed Alex Halaka as its new Chief Operating Officer.
Market Action
On Thursday, NNRI stock soared 36.67% to $0.0041 with more than 2.10 million shares, compared to its average volume of 74.20K shares. The stock moved within a range of $0.0031 – 0.0050 after opening trade at $0.0033.
NNRF Hired Chief Operating Officer
It should be noted in this regard that at this point Halaka is also the Chief Executive Officer of Elevate Nutraceutics, which is a fully owned subsidiary of NNRF. In the press release, NNRF noted that Halaka would continue serve in his role as Elevate while working on the new role at NNRF at the same time.
As the new COO at NNRF, Halaka would be responsible for speeding up the companywide performance at an operational level and transform the business growth through partnerships as well as acquisitions in the green industries.
He is going to report to Tomi Holden, who is the Chief Executive Officer of NNRF. Halaka holds a management certification from the Wharton School of Business and could prove to be a key player at NNRF in the near future.
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