Excel Corporation announced that, on February 10, 2014, David Popkin voluntarily resigned from his position as Chief Executive Officer and as a member of the Board of Directors of the company. On February 13, 2014, the Board voted to accept Mr. Popkin's resignation and to appoint Mr. Ruben Azrak as the company's Interim Chief Executive Officer. Mr. Azrak is a founder of the Company and has been a member of the Board since the Company's incorporation in November 2010.

Mr. Azrak was the Company's Chief Executive Officer from November 2010 until January 2013. Mr. Azrak is Chairman and a Director of RVC Enterprises. Mr. Azrak is also President and the sole director of Lifeguard Licensing Corp.

and Lucky Star licensing.