Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
On April 23, 2016, David Jeffries resigned as a director of EFactor Group Corp. (the “ Company ”), effective immediately. Mr. Jeffries’ resignation did not result from any disagreements with the Company on any matters relating to the Company’s operations, policies or practices.
On April 26, 2016, Jeffrey B. Aaronson was appointed Chief Financial Officer of the Company. He had previously served in the role of Corporate Controller.
On April 27, 2016, Robert Burnett and Ruud Smeets resigned as directors of the Company and Mark Stanich resigned as Managing Director and a director of the Company, effective immediately. Mr. Smeets will continue to serve as President of Social Networks. The foregoing resignations did not result from any disagreements with the Company on any matters relating to the Company’s operations, policies or practices.
