SpendSmart Networks, Inc. announced that effective March 24, 2016, Alex Minicucci resigned his position as Chief Executive Officer and was appointed to the position of Chief Strategy Officer. Mr. Minicucci also resigned his position as a member of the Board of Directors. The Board of Directors appointed Chairman Jerold Rubinstein to the position of interim Chief Executive Officer.

Mr. Rubinstein will serve as interim Chief Executive Officer until the appointment of a permanent Chief Executive Officer. Mr. Rubinstein has served as a member of the Board of Directors and Chairman of the company's Audit Committee since October 2013.