11:56 AM EDT, 03/21/2024 (MT Newswires) -- NowVertical Group Inc. ( NOWVF ) , up 12% in late morning trade, says it has resolved all outstanding disputes with Daren Trousdell, a shareholder. The company has appointed its CEO, Sandeep Mendiratta, to the board of directors and has begun a process to appoint an additional independent director acceptable to the company and Trousdell. In order to accommodate the addition of Mendiratta to the board, Darrell MacMullin will resign from the Board.

Mendiratta joined NowVertical ( NOWVF ) in January 2023 as CEO of Acrotrend Solutions, when NOW acquired the company. He was appointed as the CEO of NOW in January 2024.

Daren Trousdell, former CEO and significant shareholder of the company commented, "I have admired Mr. Mendiratta's abilities and vision since meeting him in the context of NOW's acquisition of Acrotrend. I believe that he will add an important perspective to the Board and will make a positive impact on the Board and as the CEO."

As part of the resolution of all disputes between them, NOW and Trousdell have agreed to settle and dismiss without costs all ongoing legal proceedings and provide mutual releases.

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