Aluf Holdings, Inc. announced that Sam M. Jakobs has been named as Chief Executive Officer. Teresa McWilliams, who has been acting Chief Executive Officer as well as Chief Financial Officer for the last twenty-four months will continue as Chief Financial Officer. Mr. Jakob's employment with Aluf commenced May 1, 2022.

Jakobs has more than 35 years of senior management experience, including more than a decade of strategic business development. He has been a key member of the management teams of several highly recognized companies such as North Fork Bank (now Capital One Bank), HSBC Bank, Morstan Insurance Agency (Brown & Brown Inc.), and National Institute of Financial Services. He has held positions as Vice President, Director, and Senior Vice President.