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Posted 06 October, 2022

VERDE RESOURCES, INC. appointed new CEO

CEO Change detected for ticker OTC:VRDR in a 8-K filed on 06 October, 2022.


  Effective October 1, 2022 Jack Wong was appointed President and CEO of Verde Resources, Inc. ("Verde" or the "Company").  

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Overview of VERDE RESOURCES, INC.
Basic Materials/Resources • Gold
Verde Resources, Inc. engages in the production and distribution of renewable commodities and real property holding. It operates through the following segments: Production and Distribution of Renewable Commodities, Holding of Real Property, and Licensor of Proprietary Pyrolysis Technology. The company was founded on April 22, 2010 and is headquartered in St. Louis, MO.
Market Cap
$187M
View Company Details
VERDE RESOURCES, INC. by TradingView
Relevant filing section
Item 5.02

Compensatory Arrangements of Certain Officers


Effective October 1, 2022 Jack Wong was appointed President and CEO of Verde Resources, Inc. ("Verde" or the "Company"). On October 1, 2022 the Company's Board of Directors adopted an employment and compensation agreement for Mr. Wong (the "Agreement"). The Agreement provides for an employment term of five (5) years. Mr. Wong will receive an annual salary of USD $287,650 inclusive of any tax payable as required by law. The Company will also provide Mr. Wong an executive vehicle, executive housing, health benefits, and equity incentives upon the Company adopting an equity incentive plan.