On October 8, 2021, Nutriband Inc.'s board of directors elected Serguei Melnik, one of the founders of the Company, and currently a director and Secretary of the Company, to the office of President. Serguei Melnik serves as a member of the board of directors and is a co-founder of Nutriband Inc. Mr. Melnik has previously served as its chief financial officer and a director since January 2016. Mr. Melnik has been involved in general business consulting for companies in the U.S. financial markets and setting up legal and financial framework for operations of foreign companies in the U.S.