Expion Energy (XPON) announced significant leadership and board changes, including the appointment of Robert Winspear as Chief Financial Officer and Marc Jarvis to its Board of Directors. These changes follow the recent resignation of three directors and the appointment of a new Chairman, aligning leadership with the company's expanded strategy into the oil and gas sector.
Key Details
- CFO Appointment: Robert Winspear was appointed CFO, Secretary, and Treasurer, effective August 25, 2026. His employment agreement includes an annual base salary of $285,000, increasing to $300,000 upon the timely filing of the 2026 Form 10-K.
- Equity Inducement: As part of his compensation, Mr. Winspear will receive an inducement grant of 30,000 restricted stock units (RSUs) and a stock option to purchase 15,000 shares.
- Director Appointment: Marc Jarvis, an executive with over 40 years of experience in the oil and gas industry, was appointed to the Board of Directors, effective August 28, 2026.
- Board Resignations: Three directors—Brian Schaffner, Tien Q. Nguyen, and Joseph Hammer—resigned from the board between August 26 and August 28, 2026. Following these changes, Scott Burell was appointed Chairman of the Board.