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Posted 22 July, 2022

Cavitation Technologies, Inc. appointed Igor Gorodnitsky as new CEO

OTC:CVAT appointed new Chief Executive Officer Igor Gorodnitsky in a 8-K filed on 22 July, 2022.


  Effective July 12, 2022, following the resignation of Igor Gorodnitsky as President of Cavitiation Technologies, Inc. ("Company"), the Board of Directors of the Company appointed Naum Voloshin to serve as the interim Chief Executive Officer ("CEO") of the Company.  

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Overview of Cavitation Technologies, Inc.
Industrial Goods • Precision Products
Cavitation Technologies, Inc. engages in the development, patenting, and commercialization of technology-based systems, which are designed to serve vegetable oil refining, renewable fuels, water treatment, wines and spirits enhancement, algae oil extraction, water-oil emulsions and crude oil yield improvement. The company was founded by Roman Gordon and Igor Gorodnitsky on May 8, 2006 and is headquartered in Chatsworth, CA.
Market Cap
$7.11M
View Company Details
Cavitation Technologies, Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


Appointment of Officer and Director


Effective July 12, 2022, following the resignation of Igor Gorodnitsky as President of Cavitiation Technologies, Inc. ("Company"), the Board of Directors of the Company appointed Naum Voloshin to serve as the interim Chief Executive Officer ("CEO") of the Company. Mr. Voloshin currently serves, and will continue to serve, as the Chief Financial Officer ("CFO") and Chief Operating Officer ("COO") of the Company. There is no employment agreement between the Company and Mr. Voloshin in connection with his newly appointed role as interim CEO. Mr. Voloshin will not receive any salary, compensation, and benefits as interim CEO at this time. However, Mr. Voloshin will continue to receive a salary, compensation, and benefits in his roles as CFO and COO of the Company.


Additionally, the Board of Directors appointed Naum Voloshin to serve as a member of the Board to fill the vacancy on the Board created by Mr. Gorodnitsky's resignation therefrom. As a member of the Board, Mr. Voloshin will be eligible to participate in all elements of any Company director compensation package.


There are no arrangements or understandings between Mr. Voloshin and other person pursuant to which Mr. Voloshin was appointed to serve on the Board or to serve as interim CEO. There are no family relationships between Mr. Voloshin and any other director or executive officer of the Company. There are no transactions between Mr. Voloshin and the Company in the last fiscal year and none is currently proposed requiring disclosure under Item 404(a) of Regulation S-K.


A press release will be issued by the Company following the filing of this form.