Red Cat Holdings, Inc. announced that, on January 23, 2020, Joseph Hernon was appointed as the Company's Chief Financial Officer, Secretary and Treasurer, to serve in such offices at the pleasure of the Company's board of directors, and until his successor has been appointed by the Board. Prior to Mr. Hernon's appointment, Jeffrey Thompson, the Company's President and Chief Executive Officer, and a member of the Company's Board, had served as Interim Chief Financial Officer (since May 31, 2019) and Secretary (since May 15, 2019). In connection with his appointment as Chief Financial Officer, Mr. Hernon also replaced Mr. Thompson as the Company's Principal Financial and Accounting Officer for SEC reporting purposes.