On August 19, 2022, the Cuentas Inc. Board of Directors approved a motion to appoint Arik Maimon as Interim CEO (in addition to his current position as Chairman of the Board). Maimon agreed to assume these positions with no additional compensation. The Board also authorized the formation of a CEO Search committee.

On August 18, 2022, Jeffery D. Johnson signed a Separation of Employment Agreement between himself and the Company, and resigned as the chief executive officer of the Company effective immediately.