Effective as of September 23, 2019, stockholders of Carnegie Development, Inc. appointed Sada Cumber, as the Chairman of the Board of Directors and CEO and appointed John S. Butler and Geoffrey S. Connor as members of the Board of Directors, each, effective from 1 October, 2019 or for a term consisting of three years, expiring September 30, 2022, or until their respective successors are duly elected. For more than the past five years, Mr. Cumber has been a self-employed entrepreneur focused on a myriad of small and large industries. Mr. Cumber served as the first U.S. Special Envoy to the OIC, a 57-nation NGO.

Professor John Sibley Butler is a globally recognized expert in management, entrepreneurship, sociology, and the interconnectivity between them. His research is in the areas of organizational behavior and new venture development. At the University of Texas at Austin he holds the J. Marion West Chair for Constructive Capitalism in the Graduate School of Business (Department of Management) and the Darrell K. Royal Regents Professorship in Ethics and American Society (Sociology).

Geoffrey S. Connor is an attorney, businessman, former government official, consultant, scholar and advisor in international, regulatory, environmental, and governmental affairs. Mr. Connor served as Texas Secretary of State from 2003 to 2005, after having served as Deputy Secretary of State 2001 to 2003. He was the first modern Texas Secretary of State to use the office to promote Texas business internationally.