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American Diversified Holding (OTCMKTS:ADHC) Stock Jumps After New Appointment

Ian Leigh , , , ,

The appointment of the Chairman and Chief Executive Officer of a company is always a major event and it often leads to considerable interest from the market participants as well.

Trading Data

On Tuesday, ADHC stock soared 2.13% to $0.0024 with more than 1.31 million shares traded, compared to volume of 10.94 million shares. The stock moved within a range of $0.0023 – 0.0025 after opening trading at $0.0024.

This week American Diversified Holding Corporation (OTCMKTS:ADHC) was in focus after it announced the appointment of Andrew Birnbaum as its new Chairman and Chief Executive Officer on May 16. In this context, it could be a good idea for investors to look into Birnbaum’s credentials as an executive and then make their minds up about the appointment. He is a highly experienced executive who holds decades of experience in operating and running different companies.

More importantly, he has held the position of Chief Executive Officer at both public and private companies successfully. In addition to leadership, Birnbaum is also known for providing effective execution of strategies for the purpose of generating growth and development. Those skills would be paramount for American Diversified Holding Corporation as it seeks revitalize growth.

Ernest Remo, who held the position would retire from his position and Birnbaum would be the replacement. In a statement, Birnbaum lauded Remo for his contributions up until now and noted that it was time for him to enjoy his retirement.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.