Presto Automation (PRST) has released an update to notify the public and investors about its officers.
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Xavier Casanova has abruptly resigned as CEO of the Company and from all other positions, effective immediately. In response to this sudden departure and as stipulated by a recent agreement with Metropolitan Partners Group Administration, the Company must now urgently find a replacement with significant restructuring expertise by February 16, 2024, and is currently on the lookout for suitable candidates to fill the CEO role.
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For a comprehensive understanding of the announcement, you can read the full document here.