TeraGo Inc. announced the appointment of Parveen Mithra as Interim CFO and a renewed search for a permanent Chief Financial Officer (CFO) after the resignation of Jason Toledano. Mr. Toledano has informed TERAGO that he will not be able to fulfill the duties of the CFO for personal family reasons. Parveen Mithra has agreed to act and been appointed as Interim CFO until April 30, 2024, or until a new permanent CFO is appointed.

TERAGO's Board has immediately enacted a Transition Leadership Team, led by current Independent Director and Chair of the Compensation Committee, Martin Pinnes, until a permanent CFO is confirmed and announced.