Pond Technologies Holdings Inc. announced the appointment of Grant Smith as Chief Executive Officer. Mr. Smith will succeed Steven Martin, who has retired from his position as Chief Executive Officer, effective immediately. Mr. Martin will remain involved with the company as a technology advisor, assisting with the continued advancement of Pond's proprietary growth platform.

Pond announced the related resignation of Mr. Martin as a director of the Corporation with such vacancy filled by the appointment of Mr. Smith as a director of Pond with immediate effect. In addition, Kevin Andrade will be stepping down from his role as Chief Operational Officer but will remain as a strategic advisor focusing on partnerships and major projects. As part of a comprehensive corporate succession review and planning process conducted by the Board of Directors, the decision was made to name Mr. Smith, Chief Executive Officer.

Mr. Smith has served as President of the Corporation's subsidiary, Pond Naturals, since December, 2018. Mr. Smith is a 25-year veteran of the North American nutraceutical industry and has a strong track record of building strategic relationships and driving sustainable growth within an organization. Mr. Smith will be responsible for shepherding a company-wide effort to increase sales across all divisions as well as supporting Pond's technology licensing efforts through the sourcing of off-take contracts for the high-value algae products that Pond's technology produces.