FAVO Capital Restructures Executive Team, Appoints Katy Murless as CFO and Vaughan Korte as COO
FAVO Capital (OTC: FAVO) has announced significant changes to its executive leadership team. Vaughan Korte, the former CFO, has been appointed as Chief Operating Officer, while Katy Murless, CFA, has been named Chief Financial Officer. The restructuring aligns with FAVO's growth strategy across its financial services and real estate segments.
Murless brings over a decade of financial and investment management experience from roles at Deloitte, Abax Investments, and Stewards Investment Capital. Korte, with 17 years of finance experience including senior roles at adidas, joined FAVO as CFO in 2023 after two years as a consultant. The company has also revealed plans to pursue a Nasdaq uplisting, subject to market conditions and regulatory approval.
FAVO Capital (OTC: FAVO) ha annunciato importanti cambiamenti nel suo team dirigenziale. Vaughan Korte, precedentemente CFO, 猫 stato nominato Chief Operating Officer, mentre Katy Murless, CFA assume il ruolo di Chief Financial Officer. La riorganizzazione 猫 coerente con la strategia di crescita di FAVO nei settori dei servizi finanziari e del real estate.
Murless vanta oltre un decennio di esperienza nella gestione finanziaria e degli investimenti in societ脿 come Deloitte, Abax Investments e Stewards Investment Capital. Korte, con 17 anni di esperienza finanziaria e posizioni dirigenziali, tra cui ruoli senior in adidas, era entrato in FAVO come CFO nel 2023 dopo due anni come consulente. L'azienda ha inoltre comunicato l'intenzione di perseguire un Nasdaq uplisting, subordinato alle condizioni di mercato e all'approvazione normativa.
FAVO Capital (OTC: FAVO) ha anunciado cambios significativos en su equipo ejecutivo. Vaughan Korte, el antiguo CFO, ha sido nombrado Chief Operating Officer, mientras que Katy Murless, CFA se incorpora como Chief Financial Officer. La reestructuraci贸n est谩 alineada con la estrategia de crecimiento de FAVO en sus segmentos de servicios financieros e inmuebles.
Murless aporta m谩s de una d茅cada de experiencia en finanzas y gesti贸n de inversiones en firmas como Deloitte, Abax Investments y Stewards Investment Capital. Korte, con 17 a帽os de experiencia financiera e importantes cargos, incluidos puestos s茅nior en adidas, se uni贸 a FAVO como CFO en 2023 tras dos a帽os como consultor. La compa帽铆a tambi茅n ha anunciado planes para buscar un Nasdaq uplisting, sujeto a las condiciones del mercado y a la aprobaci贸n regulatoria.
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FAVO Capital (OTC: FAVO) a annonc茅 des changements importants au sein de son 茅quipe de direction. Vaughan Korte, ancien directeur financier, a 茅t茅 nomm茅 Chief Operating Officer, tandis que Katy Murless, CFA a 茅t茅 nomm茅e Chief Financial Officer. Cette restructuration s'aligne sur la strat茅gie de croissance de FAVO dans les services financiers et l'immobilier.
Murless apporte plus de dix ans d'exp茅rience en finance et gestion d'investissements, acquise chez Deloitte, Abax Investments et Stewards Investment Capital. Korte, qui poss猫de 17 ans d'exp茅rience financi猫re avec des postes de direction, notamment chez adidas, avait rejoint FAVO en 2023 en tant que CFO apr猫s deux ans en tant que consultant. La soci茅t茅 a 茅galement indiqu茅 son intention de viser un Nasdaq uplisting, sous r茅serve des conditions de march茅 et des approbations r茅glementaires.
FAVO Capital (OTC: FAVO) hat bedeutende Ver盲nderungen in seiner Gesch盲ftsf眉hrung bekannt gegeben. Vaughan Korte, der bisherige CFO, wurde zum Chief Operating Officer ernannt, w盲hrend Katy Murless, CFA die Position des Chief Financial Officer 眉bernommen hat. Die Umstrukturierung steht im Einklang mit FAVOs Wachstumsstrategie in den Bereichen Finanzdienstleistungen und Immobilien.
Murless bringt mehr als ein Jahrzehnt Erfahrung im Finanz- und Investmentmanagement aus Stationen bei Deloitte, Abax Investments und Stewards Investment Capital mit. Korte verf眉gt 眉ber 17 Jahre Finanz颅erfahrung, darunter F眉hrungspositionen bei adidas, und war nach zwei Jahren als Berater 2023 als CFO zu FAVO gekommen. Das Unternehmen hat au脽erdem Pl盲ne bekannt gegeben, ein Nasdaq uplisting anzustreben, vorbehaltlich der Marktbedingungen und beh枚rdlicher Genehmigung.
- Strategic strengthening of executive team with experienced professionals
- Plans for Nasdaq uplisting indicate potential for increased visibility and liquidity
- Strong backing from Stewards Investment Capital as largest shareholder
- Dual growth strategy in private credit and income-producing real estate
- None.
FORT LAUDERDALE, Fla., Aug. 27, 2025 (GLOBE NEWSWIRE) -- via IBN -- FAVO Capital, Inc. (OTC: FAVO), a diversified financial company currently operating across two segments 鈥� financial services and income-producing real estate 鈥� today announced key changes to its executive leadership team.
Vaughan Korte, formerly the chief financial officer, has been appointed to the newly formalized role of chief operating officer, while Katy Murless, CFA, has been named chief financial officer. The moves are designed to strengthen the company鈥檚 leadership and align its executive team with FAVO鈥檚 long-term growth strategy.
鈥淭hese changes position us with the right structure and talent to execute on the next phase of our growth,鈥� said Shaun Quin, president of FAVO. 鈥淜aty Murless brings exceptional financial and investment experience and expertise that will be invaluable as we continue scaling. Her strength in operational leadership and understanding of our business will help drive efficiency and performance across all aspects of the organization.鈥�
Murless brings more than a decade of experience spanning financial, commercial, and investment management. She began her career at Deloitte and later joined Abax Investments, where she served as an assistant portfolio manager, overseeing the equity portion of a multi-asset fund. She most recently served as head of U.S. operations at Stewards Investment Capital Limited.
Korte has more than 17 years of finance and business experience, including senior leadership roles across the Middle East and North Africa, where he oversaw finance operations across 60 countries and multiple subsidiaries for adidas. He first joined FAVO as a full-time CFO in 2023 after consulting for the company for two years, where he played a central role in strengthening the company鈥檚 financial foundation.
The leadership restructuring comes as FAVO continues executing on its dual strategy: expanding its private credit platform serving U.S.-based small businesses and building a portfolio of stabilized, income-producing real estate. This also strengthens its alignment with Stewards Investment Capital as its largest shareholder and investor. The company has also stated its intent to pursue a Nasdaq uplisting, subject to market conditions and regulatory approval.
鈥淭hese appointments reflect our commitment to building a leadership team that can scale with our ambitions and vision,鈥� said Glen Steward, founder and chairman of Stewards Investment Capital and chief strategy officer of FAVO. 鈥淲ith key pillars of our foundation in place, we are well-positioned to create long-term value for our shareholders.鈥�
About FAVO Capital, Inc.
FAVO Capital, Inc. (OTC: FAVO) is a diversified financial company currently operating across two segments: financial services and income-producing real estate. Through its financial services division, FAVO provides alternative, revenue-based funding solutions to small and mid-sized businesses across the United States. Since inception, the Company has supported more than 10,000 businesses through the purchase of future receipts.
Complementing its lending platform, FAVO is also building a portfolio of stabilized, cash-flowing real estate assets that strengthen its balance sheet and broaden its collateral base. Headquartered in Fort Lauderdale, Fla., with operations in Florida, New York, and the Dominican Republic, FAVO Capital is committed to financial transparency, sustainable growth, and long-term value creation for its shareholders.
For more information, visit
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to future events or the future financial performance of FAVO Capital, Inc. (the 鈥淐ompany鈥�) and involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements.
In some cases, forward-looking statements can be identified by terms such as "may," "will," "should," "expects," "plans," "anticipates," "intends," "believes," "estimates," "projects," "potential," "continues," or similar terminology. These forward-looking statements include, but are not limited to, statements regarding the expected benefits of the website launch, the Company鈥檚 upcoming uplisting to Nasdaq, growth strategy, expansion plans, financial performance, and future business prospects.
These forward-looking statements reflect the Company鈥檚 current expectations and projections based on information available as of the date of this release and are subject to risks and uncertainties, including but not limited to general economic, financial, and business conditions; the Company鈥檚 leadership going forward; changes in market demand; the Company鈥檚 ability to successfully execute its strategic initiatives; the Company鈥檚 ability to complete complementary acquisitions and dispositions that benefit the Company; the Company鈥檚 continued ability to pay operating costs and ability to meet demand for its financial products and services and real estate operations; the Company鈥檚 ability to integrate its newly acquired real estate operations with its existing revenue-based funding solutions; competition in the financial services industry and real estate industry; regulatory compliance; and other risks detailed from time to time in the Company鈥檚 filings with the OTC Markets, including its most recent Annual Report subsequent Quarterly Reports.
The Company cautions investors that forward-looking statements are not guarantees of future performance and actual results may differ materially from those projected. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Company Contact:
FAVO Capital, Inc.
4300 N University Drive, D-105
Lauderhill, FL 33351
Investor Contact:
Scott McGowan
InvestorBrandNetwork (IBN)
Phone: 310.299.1717
FAQ
Who is the new CFO of FAVO Capital (OTC: FAVO)?
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What experience does FAVO Capital's new CFO Katy Murless bring to the company?
