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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
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On October 9, 2018, Uri Tadelis resigned from his position as the Chief Executive Officer of World Health Energy Holdings, Inc. (the “Company”). Mr. Tadelis’ resignation was not the result of any dispute or disagreement with the Company on any matter relating to the Company’s operations, policies or practices. A copy of the resignation letter from Mr. Tadelis, resigning from his officer position, which was received on October 9, 2018, is attached hereto as Exhibit 17.1.
On October 9, 2018, the of Board of Directors (the “Board”) of the Company appointed Giora Rozensweig to serve as the Corporations’ Interim Chief Executive Officer effective immediately.
Mr. Rozensweig, age 46, holds degrees in software development, application DBA and IT, which he received from Kedem College in 1994. Mr. Rozensweig has twenty years of experience in the industry and has worked with the Israel Government, Hewlett Packard, IBM, and Checkpoint. He is also the co-founder of RNA Technology Ltd. where he has served as Chief Executive Officer since 2015. Previously Mr. Rozensweig served as Chief Executive Officer of Tomagi, Ltd. from 2008 until 2015.
On October 9, 2018, the Board of the Company appointed each Gaya Rosenzwieig and George Baumoehl as members of the Company’s Board effectively immediately.
Mrs. Rosenzweig, age 37, holds a Degree in Business Management & Information Systems, which she received from the College of Management, Jerusalem in 2003. Mrs. Rosenzweig is a co-founder of RNA Technology Ltd. and has headed the sales and marketing of a startup with a 27-person team that worked with government offices, banks, insurance companies. Mrs. Rozensweig has served as Chief Financial Officer of RNA Technology, Ltd. since 2015. Previously she served as Chief Financial Officer at Tomagi Ltd. form 2008 until 2015.
Mr. Baumoehl, age 53, George holds a MSc. Degree in Architecture and Construction Economics from University College London which he received in 1993. Mr. Baumoehl has a background in a real estate investment and development and brings a professional outside look into our Company. He has been the Chief Executive Officer of Spectrum Real Estate Management GmbH & Co. KG since 2006.
Giora Rozenswig is the spouse of Gaya Rozensweig. Other than the foregoing, there is no family relationship between the newly appointed Interim Chief Executive Officer, the newly appointed directors and any director or executive officer of the Company or any person nominated or chosen to become a director or executive officer of the Company.
Neither the newly appointed Interim Chief Executive Officer nor any of the newly appointed directors, have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Immediately following, the foregoing Board appointments, Mr. Tadelis resigned from his position as a member of the Company’s Board effective immediately. Mr. Tadelis’ resignation was not the result of any dispute or disagreement with the Company on any matter relating to the Company’s operations, policies or practices. A copy of the resignation letter from Mr. Tadelis, resigning from his director position, which was received on October 9, 2018, is attached hereto as Exhibit 17.2.
