On January 25, 2019, Brain Scientific Inc. appointed Jesse W. Crowne as the Company's new Chief Executive Officer, replacing Vadim Sakharov, who will remain with the Company as its President and Chief Technology Officer. Mr. Crowne has served as the Chief Executive Officer of Nepetx, LLC since January 2016. On January 25, 2019, the Board of Directors (the “Board”) increased the size of the Board from two to four members and appointed Messrs. Crowne and Sakharov to fill the two vacancies the Board.
Mr. Sakharov has been Chief Executive Officer of the Company's subsidiary, MemoryMD Inc., since February 2015 and was Chief Executive Officer of the Company since September 2018 until January 25, 2019, at which time he was appointed as President and Chief Technology Officer.