RushNet Inc. (OTC:RSHN): Arizona Businessman Michael Cunha Appointed Chairman and CEO

The announcement about the appointment of the top executive at any company leads to considerable attention from investors, and this morning RushNet Inc. (OTC:RSHN) could well come into focus. On March 4, the company announced that it had appointed a new Chief Executive Officer and Chairman in the form of Michael Cunha. Cunha took over the positions following the resignation of Ashley Sweat, who had decided to look for other opportunities. In the news release, RushNet wished Sweat well and also thanked him for all his contributions to the company.

It was also revealed that the new management team did not have any prior links with the management teams that had previously overseen RushNet. Cunha spoke about his credentials as the new chairman and chief executive officer of RushNet. He noted that he had run highly successful privately owned companies in the past, but RushNet was going to be his first experience running a publicly traded firm. He further stated that RushNet was going to transition out of its interests in the lab business and would make an announcement about its new business interests in the coming days.

Cunha is a noted entrepreneur who is based out of Arizona and boasts a strong track record of having set up thriving companies. He holds a Bachelor of Science degree in Psychology from Washington State University and later went on to earn an MBA in Accounting and Economics from Chapman University.

His experience spans a period of more than three decades, during which he worked across a range of industries. He worked in finance, manufacturing, accounting, and executive leadership during his illustrious career. RushNet has been involved in the public sector for more than a quarter of a century and has continued on a process of evolution to keep up with the times.

RSHN stock saw unusual volume on Monday, with more than 10.06 million shares traded.