AnalytixInsight Inc. announced the appointment, effective immediately, of Scott Urquhart as the Company?s interim President. Mr. Urquhart replaces the Company?s former Interim President, Natalie Hirsch, whose employment with the Company has been terminated, effective immediately. At the meeting on April 17, 2024, the Board resolved to terminate, effective immediately, Natalie Hirsch?s employment with the Company for cause.

Such termination was recommended to the Board by the Special Review Committee, based upon its unanimous view that it was untenable, and contrary to the best interests of the Company, to permit Ms. Hirsch to remain employed by the Company in circumstances where she has been ignoring Board instructions and issuing unauthorized and misleading public disclosure related to the Company, contrary to the Board?s written instructions. The appointment, effective immediately, of Mr. Urquhart as the Company?s interim President was also unanimously recommended by the Special Review Committee. Mr. Urquhart?s appointment is subject to acceptance by the TSX Venture Exchange of his personal information form.

Mr. Urquhart served as the Company?s Vice President of Corporate Development for seven years until June of 2023. Prior to that, Mr. Urquhart held several roles in finance and M&A, including as Vice President, Investment Banking at a Canadian investment banking and securities brokerage firm. Mr. Urquhart?s significant experience in the capital markets, M&A, operations, marketing and sales, combined with his background and knowledge of the Company and its business, make him uniquely well positioned to lead the Company through this transition.  The Board consists of the following directors Chaith Kondragunta (Chair of Board), Jith Veeravalli (Independent), Prakash Hariharan (Non-Independent), Vincent Kadar (Independent) and Scott Gardner (Independent).

Management of the Company currently consists of Chaith Kondragunta (Chair of the Board and Secretary), Scott Urquhart (Interim President and Chief Executive Officer) and Jonathan Dwek (Chief Financial Officer).