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GNIN > SEC Filings for GNIN > Form 8-K on 19-Apr-2013All Recent SEC Filings

Show all filings for GREEN INNOVATIONS LTD. | Request a Trial to NEW EDGAR Online Pro



Change in Directors or Principal Officers, Financial Statements and Exhibi

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

Appointment of Principal Executive Officer. On April 15, 2013, the Company appointed Philip Rundle as its chief executive officer. Mr. Rundle is an experienced professional in the paper industry.

Mr. Rundle spent 16 years with Kimberly-Clark Corporation (NASDAQ: KMB), a $21B leading international consumer goods company and Fortune 500 company (#137 in 2012). In 1999, after holding various positions, including Marketing Director and Business Unit Director for Kimberly-Clark in South Africa and the United States, Mr. Rundle was named Vice President, Central and Eastern Europe. In 2003, he was named Vice President of NATO Brand Development, which brought him back to the United States. In this role, he led the effort to revitalize revenue and profit growth, and directed an international team of employees. His last role was as CEO of Oasis Brands and Mercury Paper in North America, a leading Asia paper and pulp company, where he created an aggressive business model to double revenue and volume while greatly enhancing EBITDA, shareholder value and brand leadership for the past three years. His most recent endeavor was as a consultant for a leading Private Equity company on potential acquisitions in the CPG field. Mr. Rundle has a Bachelor's degree in Marketing from Damelin College and an Advanced Management diploma in Business Administration from the University of Witwatersrand in South Africa.

Mr. Rundle's employment agreement provides for compensation for the first year of $234,900, various incentives, and the issuance of 300,000 shares of restricted common stock of the Company.

Resignation of Principal Executive Officer. On April 15, 2013, Mr. Bruce Harmon resigned as the Company's chief executive officer. Mr. Harmon will remain the Company's chief financial officer.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description

99.1 Press Release dated April 16, 2013

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