GreenBank Capital Inc. Announces Strategic Financial and Personnel Changes

GreenBank Capital, a financial entity based in Reykjavik, has publicized several key corporate adjustments. These include the introduction of a new Chief Financial Officer (CFO), a significant cut in directors' compensation, and the launch of a fresh stock option plan.

The board of directors has agreed to a reduction in their own compensation by $1,000 each month per director. This decision is projected to save the company around $60,000 annually. Concurrently, a new stock option plan has been implemented, following the expiration of the previous one in February 2024. This plan comprises 6,200,000 shares, priced at $0.08 per share, and will be valid for the next 36 months.

In personnel developments, GreenBank welcomed Harpa Hermannsdóttir as the new CFO. With over twenty years of financial experience, including key positions at WoW Air and Kaupthing Bank and a recent stint as an independent CFO consultant, Hermannsdóttir is expected to bring valuable expertise to the firm.