Reliance Global Group Appoints Senior Corporate Finance Executive William Lebovics as Chief Financial Office
May 31 2022 - 7:00AM
via NewMediaWire --
Reliance Global Group,
Inc. (Nasdaq: RELI; RELIW) (“Reliance”, “we” or the
“Company”), which combines artificial intelligence (AI) and
cloud-based technologies with the personalized experience of a
traditional insurance agency, today announces the appointment of
Mr. William Lebovics as Chief Financial Officer, effective June 1,
2022. Mr. Blumenfrucht, who previously served as Chief
Financial Officer, will continue as a member of the Company’s Board
of Directors and will provide support through the transition
period.
Among his accomplishments, Mr. Lebovics served as
the Finance Manager for IDW Media Holdings, where he was
responsible for dealing with financial reporting, financing, and
M&A, as well as other finance related operations. Additionally,
Mr. Lebovics served as Director of Business Development at IDT
Corporation. Mr. Lebovics brings extensive corporate
finance experience, including senior roles at PwC and Nippon Life
Global Investors. Mr. Lebovics has an MS in Accounting from
Fairleigh Dickenson University, an MS in Real Estate with a
concentration in Finance and Investment from NYU, and a BS in
Business Management from Touro College.
Mr. Ezra Beyman, Chairman and CEO of Reliance,
commented, "I am pleased to welcome William to the senior
management team. He brings an impressive track record across
corporate finance, capital markets, M&A, budgeting, and
compliance, including his most recent experience within NYSE listed
companies. We believe his strong skill set will be important as we
continue to grow Reliance into a leading national insurance
enterprise, both organically and through future acquisitions. I
would especially like to thank Alex for his significant
contributions during the early stages of our development.
Importantly, we have established a scalable financial
infrastructure and reporting systems, laying the foundation to
support our future growth. I look forward to his continued
involvement as a member of our board and believe that separating
the role of CFO from our board also reinforces our commitment to
the highest levels of corporate governance. Moreover, William will
be supported by Joel Markovitz who will continue in his current
role as Chief Accounting Officer. We could not be more excited
about the outlook for the business and believe we have built a
first-class organization to help realize the full potential of the
Company.”
About Reliance Global Group, Inc.
Reliance Global Group, Inc. (NASDAQ: RELI, RELIW)
is combining advanced technologies, with the personalized
experience of a traditional insurance agency model. Reliance Global
Group’s growth strategy includes both an organic expansion,
including through 5minuteinsure.com, as well as acquiring well
managed, undervalued and cash flow positive insurance agencies.
Additional information about the Company is available
at https://www.relianceglobalgroup.com/.
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. Statements
other than statements of historical facts included in this press
release may constitute forward-looking statements and are not
guarantees of future performance, condition or results and involve
a number of risks and uncertainties. Actual results may differ
materially from those in the forward-looking statements as a result
of a number of factors, including those described from time to time
in our filings with the Securities and Exchange Commission and
elsewhere. The Company undertakes no duty to update any
forward-looking statement made herein. All forward-looking
statements speak only as of the date of this press release.
Contact:
Crescendo Communications, LLCTel: +1 (212)
671-1020Email: RELI@crescendo-ir.com
Reliance Global (NASDAQ:RELI)
Historical Stock Chart
From Apr 2024 to May 2024
Reliance Global (NASDAQ:RELI)
Historical Stock Chart
From May 2023 to May 2024