Near Intelligence's Board Grows Stronger with Key Appointments
25 September 2023 - 1:00PM
Near Intelligence, Inc. (Nasdaq: NIR), a global data intelligence
platform that curates one of the world's largest sources of
intelligence on people and places, today announced the appointment
of two new members to its Board of Directors, effective September
19, 2023:
- Richard J. Salute, former Director
of Capital Markets and SEC Practice at J.H. Cohn and CohnReznick
LLP, and served in various leadership roles over 29 years at Arthur
Andersen.
- Sherman Edmiston III, former managing director of Zolfo Cooper
LLC (now Alix Partners), and currently a Managing Member of HI CapM
Advisors, Ltd.
“We’re thrilled to bring these talented and experienced leaders
to Near’s Board,” said Anil Mathews, CEO of Near. “Each provides a
unique perspective with diverse backgrounds across technology,
accounting, and business strategy. Near welcomes their partnership
and values their input to further our mission helping customers
extract insights from data that help them make better
decisions.”
Richard J. Salute said: “Near has exhibited impressive growth
over the years, working to expand into new geographies,
prioritizing relationships with customers and partners. I see great
potential in Near’s exclusive high-quality data and forward-looking
strategy. I’m excited to collaborate with the Near team and fellow
board members to expand market reach and drive Near’s mission.”
About Richard J. Salute
Richard J. Salute, CPA, has provided accounting and complex
audits for public and private companies during his career. In
addition to being appointed to Near’s Board, Mr. Salute has been
appointed to serve as chairperson of the Audit Committee of the
Board.
Mr. Salute served as Capital Markets and SEC Practice Director
at J.H. Cohn and CohnReznick LLP from 2004 to 2014. Prior to that,
he spent 29 years, from 1972 to 2001, at Arthur Andersen managing
complex audits for public and private companies. During his tenure,
he was responsible for providing clients with strategic planning
services as well as consulting on corporate finance, mergers and
acquisitions, and process evaluation. His clients included large
multinational companies and entrepreneurial start-ups. In addition
to his client responsibilities, he started three business lines for
Arthur Andersen: the Enterprise Group (New York Metropolitan area),
the Technology Practice (New York office), and the Bankruptcy and
Corporate Recovery Practice (nationwide). More recently, Mr. Salute
served as Chief Financial Officer of PAVmed Inc. from June 2014 to
September 2015. Mr. Salute also served as a director of Walker
Innovation Inc. from 2015 through 2018. He currently serves on the
board of directors, the governance and compensation committees, and
as chair of the audit committee and audit committee financial
expert for Newtek One, Inc. (NASDAQ: NEWT) and is a member of the
American Institute of Certified Public Accountants and The New York
Society of Certified Public Accountants. Mr. Salute has more than
39 years of audit, accounting, and tax experience. Mr. Salute holds
a Bachelor of Business Administration, in Accounting from Adelphi
University, and is a Certified Public Accountant in the State of
New York.
About Sherman Edmiston III
Sherman Edmiston has decades of experience providing financial
and operational advisory services to corporations and comes with a
breadth of leadership knowledge through active participation in a
number of corporate boards across industries.
Mr. Edmiston has served as the Managing Member of HI CapM
Advisors, Ltd, a firm providing strategic and financial advice to
corporations, private equity firms, and credit funds, since August
2016. In addition to serving on the Company’s Board, Mr. Edmiston
is currently serving on the board of directors of ARKO Corp.
(Nasdaq: ARKO), one of the largest operators of convenience stores
and wholesalers of fuel in the United States. Mr. Edmiston is also
serving on the board of directors at the following private
corporations: GTT Communications, Inc., a multinational provider of
telecommunications and internet services; Key Energy Services,
Inc., a leading provider of oilfield services in the Permian Basin
and California; and Real Alloy, the market leader in third-party
aluminum recycling and specification alloy production. Mr. Edmiston
formerly served on the board of directors of Arch Resources and
Harvey Gulf International Marine. From November 2009 through
December 2015, Mr. Edmiston served as managing director of Zolfo
Cooper LLC (now Alix Partners), where he provided financial and
operational advisory services to corporations and investment funds.
Mr. Edmiston holds a B.S. in Mechanical Engineering from Arizona
State University and an M.B.A. from the University of Michigan.
About Near
Near, a global, privacy-led data intelligence platform curates
one of the world’s largest sources of intelligence on people and
places. Near’s patented technology analyzes data to deliver
insights on approximately 1.6 billion unique user IDs across 70
million points of interest in more than 44 countries. With Near’s
three-pillared approach– high-quality data, privacy, and AI –
operational and marketing leaders are empowered with solutions to
successfully engage and grow their businesses at scale. With a
presence in Pasadena, San Francisco, Paris, Bangalore, Singapore,
Sydney, and Tokyo, Near serves enterprises in a diverse spectrum of
industries including retail, real estate, restaurant,
travel/tourism, telecom, media, and more. To learn more, please
visit: https://near.com.
Media Contact:
Kat Harwoodpr@near.com
Investor Contact:
Marc P. GriffinICR, Inc. for NearIR@near.com
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