08:55 AM EST, 01/06/2025 (MT Newswires) -- KWESST Micro Systems ( KWE ) surged 17% on Monday in U.S. pre-market trading after appointing Jennifer Welsh as chief financial officer and chief compliance officer effective Feb. 3.

Welsh replaces Kris Denis who had been appointed CFO on an interim basis on Nov. 27, 2023.

"As we look ahead to our growth strategy for the Arwen product line and the commercialization of ParaOPS, bringing a CFO onboard with Mrs. Welsh's depth of experience in manufacturing and operations will be vital," said KWESST Chief Executive Sean Homuth.

In light of her new positions, Welsh resigned from the board and as chair of the audit committee effective immediately. KWESST appointed James Yersh as a director and chair of the audit committee.

The U.S.-listed shares of the company were last seen trading $0.1451 higher at $0.9800. The shares traded on the TSX Venture Exchange closed up $0.11, or 10%, to $1.21 on Friday.