Latest news with #boardchanges
Yahoo
26-07-2025
- Business
- Yahoo
Navigator Announces Resignation of Director
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2025) - Navigator Acquisition Corp. (TSXV: NAQ.P) ("Navigator" or the "Company") announces the resignation of Geoff Hampson, who is resigning to pursue his personal endeavors. The Company would like to thank Mr. Hampson for his contribution and wishes him well. The current board consists of Kyle Shostak (Chief Executive Officer), Alex Lyamport (Chief Financial Officer), Basil Karatzas and Brett Janis. About Navigator Navigator Acquisition Corp. is a British Columbia capital pool company. Further information about the Company is on the SEDAR+ website at For further information about Navigator, please contact: Kyle ShostakPresident, Chief Executive Officer and DirectorTel: (212) 909-5870 Forward-Looking Information: This press release may include "forward-looking statements", including forecasts, estimates, expectations, and objectives for future operations that are subject to several assumptions, risks, and uncertainties, many of which are beyond the control of Navigator. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Such factors, among other things, include: receipt of Exchange and applicable regulatory approvals, impacts arising from changes in general macroeconomic conditions; changes in securities markets; change in national and local government, legislation, taxation, controls and regulations and political or economic developments. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Readers are cautioned not to place undue reliance on forward-looking statements or information. The forward-looking information set forth herein reflects the Company's reasonable expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Entrepreneur
09-05-2025
- Business
- Entrepreneur
Three Investor Directors Exit GlobalBees Board Amid Leadership Changes
Representatives from Chiratae Ventures, Lightspeed Venture Partners, and Premji Invest have stepped down from GlobalBees' board, according to the YourStory media sources. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. GlobalBees, the Thrasio-style roll-up commerce venture backed by FirstCry, has witnessed the exit of three key investor board members, signaling continued shifts in its leadership and governance structure. According to a report by YourStory, Sudhir Kumar Sethi of Chiratae Ventures, Harsha Kumar of Lightspeed Venture Partners, and Kaveesh Chawla of Premji Invest have stepped down from the company's board. Sources familiar with the matter revealed that Chawla exited the board in September 2023, while Sethi left prior to the recent announcement of CEO Nitin Agarwal's resignation. Both Sethi and Kumar had joined the GlobalBees board in July 2021, after participating in its USD 150 million Series A funding round led by FirstCry. The departures are reportedly in line with compliance protocols linked to SEBI's Unpublished Price Sensitive Information (UPSI) regulations, which are designed to prevent insider trading based on confidential corporate developments. "Premji and Chiratae are shareholders of FirstCry, and they continue to be part of FirstCry. Their exit is to comply with UPSI rules," said a person aware of the matter. A spokesperson for Premji Invest confirmed the development, stating, "As a matter of general practice, Premji Invest does not hold Board positions in listed companies or their subsidiaries. In line with this principle, Premji Invest had stepped down from the Board of FirstCry and GlobalBees, a subsidiary of FirstCry, several months ago." These changes come on the heels of significant executive churn at GlobalBees. CEO and Director Nitin Agarwal resigned last month, citing personal reasons. Last year, Chief Business Officer Damandeep Soni also departed, later joining AstroTalk in March 2025. Currently, Anuj Jain, formerly SVP of Marketing at FirstCry, is leading GlobalBees' operations. Founded in 2021 by Supam Maheshwari and Agarwal, GlobalBees operates a portfolio of D2C brands across categories such as personal care, fashion accessories, and fitness. The company recorded a consolidated turnover of INR 1,209 crore in FY23. Just last month, FirstCry approved an infusion of INR 146 crore into GlobalBees, to be disbursed over 12 months in multiple tranches.
