Netcapital Appoints Todd Violette as Chief Executive Officer

Netcapital Inc., a publicly traded fintech company that gives companies access to capital markets infrastructure without institutional-scale fees, announced that its Board of Directors has appointed Mr. Violette to lead the Company in order to accelerate capital formation, expand platform reach, and build long-term shareholder value.

Mr. Violette brings over 25 years of leadership experience across capital markets, fintech and digital asset-related businesses. His recent operating and executive roles have included CEO of CloudCover International, CEO of AppYea Inc., CEO of Vinergy, Chief Investment Officer of ESG Global Strategies, and Independent Director of Israeli NASDAQ-listed Therapix, reflecting a mix of public-company, private-company, and strategic advisory experience.

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“Todd brings strong capital markets, fintech and strategic leadership experience to Netcapital at an important time for the Company,” said Netcapital Board member, Arnie Scott. “We believe his extensive background in emerging growth businesses will help the Company sharpen execution, support entrepreneurs and investors on the Netcapital platform, and pursue opportunities to enhance long-term shareholder value.”

“I am excited to step into the role of CEO at Netcapital,” said Todd Violette, Chief Executive Officer of Netcapital. “Netcapital has built a differentiated platform at the intersection of technology, entrepreneurship and private capital formation. I look forward to working closely with the Board, management team and stakeholders to strengthen execution and build momentum across the business.”

Mr. Violette replaces CEO Rich Wheeless, whose contract was terminated by the Board. The Company will provide additional updates as appropriate.

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