Ispire Technology Appoints Jim McCormick as CFO

Ispire Technology Inc. has made significant changes to its global executive leadership team, aiming to drive the company's expansion both domestically and internationally. The company has appointed Jim McCormick as the Chief Financial Officer, along with other senior leaders, emphasizing its commitment to driving innovation and growth globally.

Jim McCormick brings over three decades of diverse leadership experience to his new role. He has held various international general management and CFO positions across Europe, South America, Southeast Asia, Sub-Saharan Africa, and Northern Africa. His extensive background includes roles with companies such as KPMG Peat Marwick, British American Tobacco's associate company Brown & Williamson Tobacco, and more recently, serving as COO and CFO of KushCo Holdings Inc. and President of Ignite International Inc.

John Patterson, the newly appointed Senior Vice President of International Nicotine, brings over 25 years of extensive experience in the tobacco and next-generation nicotine categories, notably in the UK and the EU. His background includes roles with Altria, Philip Morris International, NJOY, and most recently, Juul Labs, where he served as Senior Director and Country Manager for the United Kingdom.

Dennis Lider, the Senior Vice President of Cannabis Product Sales, brings more than 20 years of CPG sales leadership experience, including senior-level positions with publicly traded cannabis companies since 2019, overseeing wholesale, retail, and distribution sales functions.

David Hessler, the Senior Vice President of Operations, has an extensive background in the shipping and global cigarette industry, with experience in managing operations across 190 markets with over 5000 SKUs.

Ispire Technology Inc. is engaged in the research and development, design, commercialization, sales, marketing, and distribution of branded e-cigarettes and cannabis vaping products. The company's operating subsidiaries own or license more than 500 patents received or filed globally. Ispire's tobacco products are marketed under the Aspire brand name and are sold worldwide (except in the U.S., People’s Republic of China, and Russia) primarily through its global distribution network. The company’s cannabis products are marketed under the Ispire brand name primarily on an original design manufacturer (ODM) basis to other cannabis vapor companies. Ispire sells its cannabis vaping hardware only in the U.S., and it recently commenced its marketing activities in Canada and Europe. Following these announcements, the company's shares moved 0.1%, and are now trading at a price of $7.2. Check out the company's full 8-K submission here.

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