Press Release: December 20, 2021
BITCOIN WELL ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER
Edmonton, Alberta – December 20, 2021 – Bitcoin Well Inc. (TSXV: BTCW) (“Bitcoin Well” or “Company”), a technology company building and utilizing products that offer safe and easy ways to buy, sell and use bitcoin, today announces the appointment of Mr. Allen D. Stephen, CPA, CA, MBA who joins Bitcoin Well as our Chief Financial Officer.
Mr. Stephen is a seasoned finance executive with extensive experience in banking and fintech. For the past two years, Mr. Stephen was the Head of Finance at Neo Financial Technologies Inc., (“Neo”) a high-growth, fintech start-up based in Calgary, Alberta. He led debt financing and venture capital fundraising and was responsible for building the finance, credit risk, compliance and legal teams. Prior to his role at Neo, Mr. Stephen was a senior leader at Canadian Western Bank, a publicly traded company headquartered in Edmonton, Alberta. As the Vice President of Finance and Chief Accountant, his 12-year tenure at Canadian Western Bank included oversight of internal and external financial reporting, taxation, forecasting, regulatory compliance, acquisitions & divestitures, capital issuances, and investor relations. In addition to his extensive banking and public company experience, Mr. Stephen has led finance teams in the utilities industry. Mr. Stephen holds a Bachelor of Commerce degree from the University of Saskatchewan, a Masters of Business Administration degree from the University of Regina, and is a member in good standing with the Chartered Professional Accountants of Alberta.
“We are incredibly excited to welcome Mr. Stephen as our CFO, starting with the Company on January 4, 2022.” said Adam O’Brien, CEO of Bitcoin Well. “His wealth of experience in both banking and financial technology will be a tremendous asset as we continue our mission to give society the fastest and safest way to buy, sell and use bitcoin.”
Mr. Stephen assumes the CFO position from Mr. Luke Thibodeau who was Controller and had been serving as the Interim Chief Financial Officer of Bitcoin Well. We thank Mr. Thibodeau for his support during this CFO transition. He will remain with Bitcoin Well in the role of Director of Finance.
