INVE Technologies CEO Resigns; Interim CEO James Greenwell Appointed

What Happened

• INVE Technologies announced that CEO and director Kirsten Newquist resigned as CEO effective September 21, 2026 and from the Board effective September 30, 2026; she will remain an employee through September 30, 2026.
• The Board appointed James Greenwell (age 67) as Interim Chief Executive Officer effective September 21, 2026. Mr. Greenwell will be paid and receive benefits through Korn Ferry under a statement of work dated September 14, 2026. His background includes recent CEO and senior leadership roles at Spectrum Labs, SpotLite360 and Datria Systems.

Key Details

• Kirsten Newquist resignation dates: CEO role effective Sept 21, 2026; Board membership effective Sept 30, 2026.
• Interim CEO: James Greenwell appointed effective Sept 21, 2026; he is being engaged through Korn Ferry.
• Korn Ferry fees: the Company expects to pay ~ $18,000 per week under the SOW (dated Sept 14, 2026); initial estimated SOW end date is March 26, 2027.
• Conversion/termination terms: Korn Ferry will charge a non‑refundable conversion fee if INVE hires Mr. Greenwell during the SOW or within 12 months after its completion; the Company may terminate the SOW on two weeks’ written notice.

Why It Matters

• Leadership change: a CEO resignation and interim appointment is a material governance event that can affect strategy, execution and investor confidence.
• Cost and hiring structure: using Korn Ferry for the interim arrangement creates an ongoing weekly expense (~$18k/week) and potential additional conversion fee if the interim is hired permanently, which investors should factor into near‑term cash use.
• Operational continuity: appointing an experienced interim CEO may provide management continuity while the Board evaluates longer‑term executive plans. The filing notes no related-party issues or family relationships with Mr. Greenwell.