Revasum, Inc. announced that CEO, Rebecca Shooter-Dodd, has resigned from the company effective immediately due to personal reasons. Having been a member of executive management of the Company since its IPO in 2018 in varying roles from financial controller to CFO, and most recently as the Company's CEO and President, Rebecca has been instrumental in the Company's corporate development. Noting this core involvement, Ms. Shooter-Dodd has resigned from the formal executive positions of CEO and President, however will remain available to company management to ensure corporate continuity, and to assist in a smooth handover of her responsibilities.

Effective immediately, Bill Kalenian (currently the Company's Vice President of Engineering) has been appointed Interim CEO. Bill has been with Revasum and its predecessor company since 1995. The company is confident that Bill's experience ­ and that of the Revasum team, will provide the necessary leadership and operational continuity throughout the management transition period.

An executive search process to appoint a new CEO will commence immediately.