WESTBURY, NY / ACCESSWIRE / October 13, 2021 / FAVO Capital (OTC Pink:FAVO) is pleased to announce the appointment of Vaughan Korte as its new Chief Financial Officer replacing Paul Norman.
Mr. Korte is a Senior Finance Professional with over 17 years' experience within the retail and technology sectors. He most recently spent 10 years with Adidas in various roles and ended his time there as Senior Director of Finance for Middle East and North Africa, where he was responsible for all Financial Department activities across 60 countries.
Vincent Napolitano, CEO, stated, "We are very excited to have Vaughan Korte join our Senior Executive Team. He has been working with us for the past two years in an advisory capacity and when the opportunity presented itself for Vaughan to join the team on a full-time basis, we acted quickly to secure him.
Vaughan Korte stated "It's an exciting time for FAVO and I am delighted to be joining the vastly experienced Senior Executive Team. A huge amount of work has already been done and I am looking forward to further executing on the company's existing plan and adding value to the continued success alongside the rest of the team"
Shaun Quin, President added, "As Vincent mentioned, Mr. Korte has been an important advisor to the company the past two years and I have had the pleasure of working closely with him over the past two months on the internal review of our Business Processors, Systems and Infrastructure to support the business on its current growth path. We have reviewed our Risk Management Policies, analysed relationships with our key partners and ultimately integrated Mr. Korte's strengths and expertise into our business model to create long-term shareholder value.
More About FAVO Capital, Inc.:
FAVO CAPITAL is a Direct Funding Company, which provides customized, short-term funding to small and mid-sized businesses nationwide. FAVO Realty is a Real Estate Investment Company which invests in a diversified portfolio of quality commercial real estate properties throughout the United States. "FAVO" is "Honeycomb" in Latin - The Honeycomb (Hexagon) is the most efficient shape in the universe. FAVO intends to be Efficient, Flexible & Durable. www.favocap.com
More About FAVO Group, LLC:
FAVO GROUP, LLC is the External Manager of FAVO Capital Inc. (FAVO - OTC Markets). They were founded by a Group of Capital Market, Finance, Real Estate and Business professionals with over 100 years of collective experience and have transacted in over $6 billion of related transactions. www.favocap.com
Email: [email protected]
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SOURCE: FAVO Group, LLC and FAVO Capital, Inc