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Aluula Composites Appoints Sage Berryman As CEO and President, and Richard Myerscough As Chief Innovation Officer (CIO)

Mar 25, 2024over 1 year ago

Position

Chief Innovation Officer

Company

ALUULA

Richard Myerscough
Victoria

Description

ALUULA Composites Inc. has appointed Richard Myerscough, the Company's founder, as its Chief Innovation Officer (CIO) and appointed Sage Berryman as CEO and President. The creation of the new CIO role is attributed to ALUULA's commitment to prioritizing continued product innovation.

Company Information

Company

ALUULA

Location

Victoria, British Columbia, Canada

About

The Company has agreed to grant Haywood an option (the “Underwriter’s Option”) to purchase, or to find substitute purchasers for, up to an additional 10,000,000 Units (the “Additional Units”) at the Issue Price, for total additional gross proceeds of up to C$1.5 million. In parallel, the company has been co-developing “application specific” composites with well-known industry leaders in Aerospace, Sailing, Outdoor Packs & Tents, and other industrial applications. ALUULA is proud to have been awarded BEST PRODUCT of the soft equipment category at 2021/22 ISPO for our ALUULA Gold™ composite.

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Executive Insights

Based on hiring data
New executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
C-level executives control 73% of technology spending decisions
Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
New executives typically review existing vendors within 6 months