– CANADA, Vancouver – ParcelPal Technology Inc. (CSE: PKG | FSE: PT0 | OTC: PTNYF) today announced the promotion of Rich Wheeless as its CEO effective immediately.
Mr. Wheeless was initially appointed as the CFO. He succeeds Kelly Abbott who has stepped down from this role but will maintain his position on the board of directors.
“Having been the Chief Executive Officer for 4 years, I feel now is an appropriate time to transition, as the company enters an inflection point. It has been an absolute pleasure to build and grow this company to this point,” said Kelly Abbott.
he continued, “Since joining, Rich has quickly become involved in all areas of the company and is highly respected by myself and the team. I believe ParcelPal is in great hands to continue to move to the next stage of its development as it continues to quickly grow. Rich has extensive plans to build the company to great heights and I look forward to being a part of the team and seeing these plans unfold.”
About Rich Wheeless
Mr. Wheeless has been an active investor, adviser and/or board member for numerous privately-held companies. Most recently, he was the CFO of publicly-traded company Taal Distributed Information Technologies Inc. Prior to that, he was the Chief Financial Officer for the security software company Rivetz Inc. Previous to that, he was the CFO of LaunchKey Inc. and Pilus Energy, respectively, which were both acquired by publicly traded companies.
Mr. Wheeless also served as the director of finance and assistant treasurer of Xtek Inc. He has also held managerial posts at Johnson and Johnson, as well as Cardinal Health, both Fortune 30 companies. Mr. Wheeless originally started his career in the private equity division at Citigroup, another Fortune 30 company. He has extensive experience in the areas of mergers and acquisitions, credit, treasury, corporate finance, financial reporting, and operations.
Mr. Wheeless stated, “I am energized by the opportunity to lead ParcelPal during this pivotal moment for our business and our industry. In a world where people are increasingly utilizing in-home delivery services for their needs, especially as its been further exacerbated by the COVID-19 pandemic, the need for a quality last-mile delivery service is greater than ever, and in doing so, I look forward to further increasing revenues, trending to better margins and elevating the Company in numerous respects. We are well-positioned to accomplish these and other positive goals, as it has a scalable model, and the experience to execute on this plan.”
About ParcelPal Technology Inc.
ParcelPal is a leader in the growing technology and logistics industry. ParcelPal seamlessly connects consumers to businesses, where they have access to the goods they love, anytime, anywhere. Customers can shop at partner businesses and through the ParcelPal technology receive their purchased goods within an hour or the same day. The Company offers on-demand delivery of merchandise from leading retailers, restaurants, medical marijuana dispensaries and liquor stores in Vancouver, Calgary, Saskatoon and soon in major cities Canada-wide.
For more information: https://www.parcelpal.com
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