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Kraig names seven finalists for expanded BoD

13 Sep '19

2 min read

Pic: Kraig Biocraft Laboratories

Kraig Biocraft Laboratories has narrowed its list of candidates to seven highly qualified individuals to fill the four additional board of directors member positions that the company plans to appoint as part of its preparations for a potential uplist to a national exchange. Kraig develops genetically engineered spider silk based fibre technologies.

The company has received nearly 200 qualified applications for the new board positions. Senior management, after completing vigorous selection process, has narrowed the field down to seven finalists. These candidates offer a broad and diverse background, ranging from finance and compliance to global operations, marketing, and tech development. This diversity in experience was intentionally curated, by management, to seat a board able to bring wide ranging knowledge and oversight, according to Kraig.

The company is entering its final selection round and anticipates making a determination, and announcing the appointments, of the new board members, within the next three weeks. As discussed and approved, by the company’s shareholders, during the annual shareholder meeting held in July 2019, the appointment of these new board members is part of the company efforts to position the company for a potential uplist and to strengthen corporate management and oversight as we prepare for production ramp up. The company will issue an announcement of the new board members when the selection process in finalised.

“I am very excited about each of our finalists; I know that those who are ultimately selected will strengthen our company. I would like to thank all of the applicants who took the time to go through the selection process,” said board chairman and CEO Kim Thompson. (GK)

Fibre2Fashion News Desk – India

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