logo
  

Medbox Appoints Doug Mitchell As CFO - Quick Facts

Medbox Inc. (MDBX.OB), the leading licensing, infrastructure and security specialist, patented technology provider, and partner to the cannabis industry, announced that it has appointed Doug Mitchell as its Chief Financial Officer.

Mitchell is replacing Thomas Iwanski who served Medbox as a part time CFO, and resigned to facilitate the continued development of the company with the addition of a full time CFO.

The company noted that Iwanski has no disagreements with management and will continue to be available to the company as a consultant.

Mitchell is a senior financial executive with over 25 years of experience in public and corporate financial executive positions with expertise in SEC compliance, mergers & acquisitions, accounting controls and process improvement.

Mitchell's previous positions have included CFO for Chicago Pizza & Brewery, Inc., now renamed BJ's Restaurants, Inc.; V.P. Finance for Borland Software Corporation; and CFO for Commerce Energy Group, Inc.He also served as interim CFO for eTelecare Global Solutions, Inc., a multi-national call center headquartered in the Philippines, as it prepared for a U.S.-based IPO.

Earlier in his career, Mitchell served as Senior Audit Manager at Coopers & Lybrand, now part of PricewaterhouseCoopers.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Goldman Sachs Group reported Monday that profit for the first quarter grew 27 percent from last year, reflecting double-digit net revenue growth across all its operating segments. Both earnings per share and quarterly revenues topped analysts' expectations by a large margin. Electric vehicle maker Tesla Inc. is planning more than 10% reduction in global workforce amid slower EV demand, reports said citing a memo sent by CEO Elon Musk to all employees. According to Musk, duplication of roles as well as the need for cost reductions are the reasons behind the decision. Following the news, Tesla shares were losing around 1.3 percent in pre-market activity on the Nasdaq. The U.S. Food and Drug Administration announced the recalls of broccoli cutlets, multigrain bread as well as gluten-free cream cheese stuffed mini bagels, citing the presence of various undeclared allergens. New Haven, Connecticut-based Gracie's Kitchen Inc.'s King Kullen broccoli cutlets were called back for undeclared sesame and wheat allergens, while New Britain, Connecticut-based Roly Poly Ba

Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

View More Videos
Follow RTT