The Arena Group (AREN) just unveiled an announcement.
Geoffrey Wait has been appointed as the Principal Financial Officer of The Arena Group Holdings, Inc., bringing to the role his experience from Simplify Inventions, American Axle & Manufacturing, and Grant Thornton LLP. With a strong background in accounting and a CPA certification, Wait has signed an executive employment agreement with the company, which includes a $200,000 annual salary, potential bonuses, and standard employee benefits. Additionally, the agreement contains post-employment restrictive covenants. Meanwhile, Bridge Media has ceased operations, affecting the future of a proposed transaction with the Company.
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