Alset AI Ventures Updates Board with New Director Nominations
Alset AI Ventures (OTC:GPUSF), an AI-focused investment and cloud computing company, has filed and mailed its management information circular in preparation for the annual meeting set for August 26, 2025. This notice outlines key changes to its Board of Directors, including the nomination of two new independent directors and the departure of two current members.
Board Changes and Meeting Details
The upcoming meeting will take place at Brookfield Place in Toronto at 11:00 a.m. (Toronto Time). Shareholders will vote on the election of new directors Lisa Baird and Vijay Mony. Current directors Vikas Ranjan and Leighton Bocking will not seek re-election. However, Leighton Bocking will continue to support the company in an advisory capacity. After the meeting, the Board is expected to have five members.
New Director Nominees Bring Valuable Experience
- Lisa Baird is President and CEO of NextUp, a non-profit focused on leadership development for business executives. She currently sits on the board of Cantaloupe (NASDAQ:CTLP) and has held leadership roles across major organizations including the National Women's Soccer League, the U.S. Olympic Committee, NFL, IBM, and General Motors.
- Vijay Mony is Founder and Managing Partner at Woodson Equity. His background includes leadership positions at prominent private equity firms such as OpenGate Capital and Cerberus Capital Management, along with experience at Accenture, Alvarez & Marsal, and Ford Motor Company.
Impact of Board Transitions
- The departure of two board members may affect continuity in the short term.
- The integration of new directors will require a transition period to fully align with company operations.
Adam Ingrao, CEO of Alset AI, expressed gratitude for the contributions of the outgoing directors and highlighted the strategic importance of welcoming Lisa and Vijay. Their combined expertise is expected to support the company’s next phase of growth and innovation.
About Alset AI Ventures Inc.
Alset AI Ventures focuses on investing in AI and cloud computing companies with high growth potential. The firm combines capital, strategic guidance, and cloud technology partnerships to build a venture platform centered on artificial intelligence.
Additional Information
Details about the director nominees and other meeting matters are available in the full management information circular, accessible on SEDAR+ and on the company’s website at alsetai.com.
Contact for Investor Relations
Adam Ingrao
Chief Executive Officer
Phone: 236.312.6744
Email: ir@alsetai.com
Cautionary Note on Forward-Looking Statements
This announcement contains forward-looking statements related to board composition, business plans, and strategic direction. These statements involve risks and uncertainties that could cause actual results to differ materially. Factors such as economic conditions and unforeseen events may affect outcomes. The company does not undertake any obligation to update these statements publicly except as required by law.
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