On September 27, 2018, the board of directors of Generation Next Franchise Brands, Inc. appointed Nick Yates as Chief Executive Officer of the Company to succeed Art Budman, the then current CEO of the Company. Mr. Budman will continue as the Company's Chief Financial Officer. The Company made the decision to make adjustments in titles in order to align titles more closely with roles and activities in the Company. Mr. Yates has been Chairman of the Company since July 2013, focusing on developing company-owned businesses, international franchising, company financings, and investor relations. Mr. Yates has been instrumental in driving all aspects of the Company as the creative force behind the Company injecting energy, vision, and direction at all levels.