Element 21 Golf Company, the manufacturer of Scandium Alloy golf and biofiber fishing equipment, appointed David Khazak as chief financial officer. Khazak is a chartered accountant with over eighteen years of experience in public accounting.
His areas of expertise include financial reporting of mid-size and large US and Canadian based private and public Companies as well as international conglomerates. David served as a CFO and controller of a large metallurgical conglomerate. He began his public accounting experience with Ernst & Young and is well versed with Sarbanes Oxley requirements with his extensive experience with NASDAQ companies.
The former CFO's agreement between Element 21 and John T. Grippo expired and Element 21 has accepted his resignation.
“The planned change in CFOs was driven by the change in our operations from a development stage, research-driven entity to actual sales of E21 technologies and products. Element 21 requires expertise in Sarbanes Oxley compliant financial management to facilitate future possible transition to NASDAQ or AMEX exchanges,” said Nataliya Hearn, President and CEO of Element 21. Dr. Hearn further stated that, “Mr. Grippo is owed a debt of gratitude for assisting and guiding the company to its present position.”
