Xalles Holdings Inc. (OTC:XALL) Stock Trends Lower: Here is Why
The announcement with regards to the appointment of a key new executive is almost always seen as a significant development, and hence, Xalles Holdings Inc. (OTC:XALL) could well be in focus this morning among investors. On March 22, the company came into focus after it announced that it had appointed Andre Mouton as the Executive Vice President of International Business Development of its subsidiary unit, CashXAI Inc.
It should be noted that CashXAI is a major player in the worldwide financial service space. In the news release, the company mentioned that Mouton boasted a distinguished career spanning a period of more than two decades and brought considerable experience stretching across several disciplines. It was noted that Mouton was experienced in worldwide business expansion and healthcare management. In his new role, he would be responsible for providing the leadership team at CashXAI with strategic planning expertise. His role would include the task of overseeing the expansion of the company into the potentially lucrative Asian and African markets.
As an executive, he was responsible for the expansion and growth of a number of multinational companies across a range of markets. It was during his stints at Angaros Group and as the Group Business Development Director at Transact 24 that these attributes became particularly apparent.
One of his achievements includes the growth of market share and revenues by twofold in the Southeast Asian and African markets at companies that had just entered those markets. Additionally, he had also been responsible for the crafting of important healthcare programs in Singapore. The Chief Executive Officer of CashXAI, Stephen Combe, also spoke about the appointment of Mouton. He commended the new appointee for his track record and strong strategic skills. Combe went on to express his confidence in the fact that Mouton would be an asset in the company’s plans to expand into Asia and Africa.
