Innovotech Inc. has appointed Bernard Grobbelaar as CFO, effective immediately. Mr. Grobbelaar's new role is part of a greater realignment at Innovotech to strengthen the company's operations and improve its efficiency and capacity to scale. Mr. Grobbelaar will relinquish his Board of Directors seat, allowing him to maintain maximum independence.

Mr. Grobbelaar is a Chartered Professional Accountant and provides services through his professional services firm, Oikonomos. The appointment of Mr. Grobbelaar completes a planned transition with Alan Savage concurrently resigning from his role as Innovotech CFO which the Board of Directors has accepted.