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Posted 16 June, 2023

NewHydrogen, Inc. appointed Mr. Steven Hill as new CEO

OTC:NEWH appointed new Chief Executive Officer Mr. Steven Hill in a 8-K filed on 16 June, 2023.


  On June 15, 2023, the Company appointed Mr. Steven Hill as Chief Executive Officer of the Company.  

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Overview of NewHydrogen, Inc.
Industrial Goods • Industrial Electronics
NewHydrogen, Inc. engages in the development of technologies and materials to reduce cost per watt of electricity generated by Photovoltaic solar modules and the cost per watt of storing electrical energy. Its product, BioBacksheet, provides protect the solar panel components, specifically the solar cells and wires from environmental elements such as stress or moisture, which can degrade the 20+ year life of solar panels. The company was founded by Dong Hie Lee on April 24, 2006 and is headquartered in Santa Clarita, CA.
Market Cap
$5.22M
View Company Details
NewHydrogen, 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.


Resignation of Chief Executive Officer


On June 15, 2023, Mr. David Lee resigned from his position as Chief Executive Officer of NewHydrogen, Inc. (the "Company"). Mr. Lee will continue to serve as the Company's President, Acting Chief Financial Officer and Chairman of the board of directors (the "Board").


Appointment of New Chief Executive Officer 


On June 15, 2023, the Company appointed Mr. Steven Hill as Chief Executive Officer of the Company. Mr. Hill was appointed as Vice President and a Director of the Company in March 2023.


Option Grant 


On June 15, 2023, the Company awarded 50,000,000 stock options (the "Options") to acquire shares of the Company's common stock to Messrs. Hill and Lee. The Options were granted as incentive options to Messrs. Hill and Lee as both a retention mechanism and to further drive performance and the Company's growth. The Options were granted pursuant to the Company's 2022 Equity Incentive Plan and were each approved by the Board.