NEW YORK, June 1, 2018 /PRNewswire/ -- Seven Stars Cloud
Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company"), today announced
the appointment of Mr. Federico
Tovar as Chief Financial Officer ("CFO"), effective today,
June 1, 2018. As Chief
Financial Officer, Mr. Tovar will be responsible for SSC's
financial strategy, financial management and reporting, compliance,
investor relations, public relations, and corporate
development.
Mr. Tovar brings over 20 years of experience to the CFO role in
areas such as corporate strategy, financial management, and
corporate finance, with a focus on high-growth technology
companies. As an experienced technology, strategy and
financial executive, Mr. Tovar has held roles with The World Bank
and leading technology and strategy consulting firms, such as
Booz Allen Hamilton.
Mr. Tovar brings a wealth of experience in venture and rapidly
scaling technology companies from the innovation stage, to rapid
growth, scale, profitability, and exit. He is a seasoned
operational and financial executive, and subject matter expert in
Cyber, FinTech, Blockchain, AI, and IoT. Most recently, he
served as a Founding Member, Chief Financial and Strategy Officer
at a leading AI and Cybersecurity company headquartered in
New York, with operations in the
U.S. and Europe. He was instrumental in overseeing the
company's overall financial strategy, closing on all funding rounds
and structuring strategic partnership deals with Fortune 500
companies to position the company for rapid growth and scale.
Mr. Tovar brings a wealth of experience in public accounting and
corporate finance / M&A, having held leadership roles at Grant
Thornton LLP, as well as prior roles with Ernst & Young in its
Corporate Finance unit in New
York. While at Grant Thornton, he was instrumental in
driving growth for the New York
practice, advising and consulting for both public & private
companies through the regulatory and financial crisis.
Throughout his career, he has advised private company and
publicly-traded Fortune 500 companies on their regulatory,
compliance, audit, financial reporting and M&A transaction
related matters. He has served as a trusted advisor to
leading global tech companies such as Computer Associates, Dell,
Siemens AG, and others on their corporate transactions. In
this capacity, Mr. Tovar has advised and structured cross-border
M&A deals, strategic partnerships, IP and technology licensing
arrangements and complex restructuring transactions, ranging from
$30MM to $60B, while strategically
positioning companies for growth, scale and profitability. In
addition, he has worked with private equity firms and hedge funds
in New York, advising them during
the regulatory and financial crisis with valuation matters related
to complex securities, derivatives and their investment
portfolios.
Mr. Tovar holds his BA in Economics from the University of Maryland. He is actively involved in
the New York Technology ecosystem, with particular emphasis on
Blockchain, AI, Cybersecurity, and IoT technologies.
"We're excited to welcome Federico to Seven Stars Cloud as our
new CFO," said SSC Chairman & CEO, Bruno Wu. "Federico brings extensive financial,
operational, and strategic experience. This, combined with his deep
knowledge of the FinTech space and experience scaling high-growth
technology companies, will be a significant asset to Seven Stars
Cloud as we enter our next phase of growth to further our mission
in becoming the next generation AI & Blockchain-powered,
Fintech service company, focusing on digital asset production and
distribution."
"I cannot imagine a more exciting time to join Seven Stars
Cloud," Federico said. "SSC is clearly on the verge of being a
global leader in asset digitization and tokenization, through the
decentralization of assets and securities via a proprietary and
intelligent AI and Blockchain driven trading platform, as well its
supply chain management business. Bruno and his executive
leadership team are true entrepreneurs and visionaries, who
recognize and appreciate that they are empowering a digital
transformation across industry verticals. I firmly believe
that not having a Blockchain strategy in place today is similar to
not having an Internet strategy in 1996. SSC has clearly
positioned itself to capitalize on these global market changes, and
I am delighted to be part of such a seasoned team."
About Seven Stars Cloud Group, Inc.
(http://www.sevenstarscloud.com/)
SSC is aiming to become a next generation Artificial –
Intelligence (AI) & blockchain-powered, fintech service
company, focusing on digital asset production and distribution. The
Company facilitates and enables the transformation from traditional
financial markets into the asset digitization era. SSC acts
as the manager and service provider of an ecosystem for
securitization and digital currency tokenization as well as trading
system integration.
Safe Harbor Statement
This press release contains
certain statements that may include "forward looking statements."
All statements other than statements of historical fact included
herein are "forward-looking statements." These forward looking
statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions,
involve known and unknown risks and uncertainties. Although the
Company believes that the expectations reflected in such
forward-looking statements are reasonable, they do involve
assumptions, risks and uncertainties, and these expectations may
prove to be incorrect. You should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. The Company's actual results could differ materially
from those anticipated in these forward-looking statements as a
result of a variety of factors, including those discussed in the
Company's periodic reports that are filed with the Securities and
Exchange Commission and available on its website
(http://www.sec.gov). All forward-looking statements attributable
to the Company or persons acting on its behalf are expressly
qualified in their entirety by these factors. Other than as
required under the securities laws, the Company does not assume a
duty to update these forward-looking statements.
CONTACT:
Jason Finkelstein
VP, Investor Relations
Seven Stars Cloud Group, Inc.
212-206-1216
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SOURCE Seven Stars Cloud Group, Inc.