ALF - Alfi's chairman James Lee named as interim CEO

• Alfi ( NASDAQ: ALF ) announced Monday that chairman James Lee has been appointed to serve as the company's interim chief executive officer, effective July 22, 2022.
• Lee has replaced Peter Bordes, who was appointed as interim CEO in Oct. 2021; however, Bordes continues to serve as a director of this advertising analytics firm.
• The company said Lee will not receive any compensation for his service in the role of interim CEO.
• Lee, age 63, has served as chairman of the company's Board since Oct. 22, 2021, and its director since Jul. 2018. "Lee has been the founder, president and chief executive officer of Lee Aerospace, a manufacturer of aircraft windshields, full-fuselage builds, and complex composite parts for the aerospace industry, since 1987," report.
• "We are seeking to deliver improved results. We understand that our shareholders, customers, and partners expect more. We believe that better execution, careful management of costs, prudent capital spending, carefully growing our existing rideshare base and strengthening our software capabilities, among other things, will be important to our success," commented Lee.
• At Sell Rating, Seeking Alpha author Henrik Alex wrote: "Alfi - On Life Support By Its Chairman James Lee" after the company received an up to $2.5 million secured bridge loan.

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