As much as i would love to see Francesc Domingo CEO of Affluence Corp OTCID AFFU there would be some problems that would need to be worked out for that.
He would i think to have to be based in the USA most of the time to be CEO of a USA company.
That causes a problem in my opinion because Francesc Domingo would best serve the companies where he is located and excelling in operations currently.
For this reason maybe that is why Jim Honan Jr is listed as CEO.
Mr Domingo while he excels at running MTi Mingothings and formally held a high position in WorldSensing i do not think he has the knowledge of US Corporate requirements and filings and he would have to appoint persons in that experience in the positions that he would lack. The smartest people put smart people in positions that need to be filled.
This post brings more questions than answers and someone with greater knowledge may be able to clear things up because even AI is confused. So here goes…..
4 of the 7 most valuable U.S. public companies are led by immigrant CEOs, but most of them reside in the U.S. (e.g., Sundar Pichai, Satya Nadella, Elon Musk).
In the startup and unicorn ecosystem, many founders and CEOs are European-born but operate from the U.S. (e.g., the Collison brothers of Stripe).
There is no definitive public list of how many Europe-based executives currently lead U.S.- listed companies, but based on available data and executive profiles, the number is very limited-likely fewer than 10
Here's what can be said with confidence:
Why It's Rare
Most U.S.-listed companies require their CEOs to be physically present in the U.S., especially for regulatory, investor relations, and operational reasons.
Even foreign-born CEOs of U.S. companies (like Sundar Pichai or Satya Nadella) are typically based in the U.S..
Most CEOs of U.S.-listed companies with European roots relocate to the U.s. upon appointment.
Why This Is Hard to Track
SEC filings and company bios often list nationality but not current residence.
CEOs may split time between continents or relocate after appointment.
Some dual-listed companies (e.g., on NYSE and a European exchange may have Europe-based CEOs, but they are rare.
If that was not confusing enough this is where AI also gets confused:
AI facts are a bit mixed up.
Frances Domingo, a Spanish citizen residing in Spain, became CEO of Affluence Corporation (OTC: AFFU) through a strategic acquisition and leadership transition that aligns with U.S.
corporate governance laws and international business practices.
How Francesc Domingo Became
CEO of Affluence Corp
Acquisition of Mingothings SLU
In May 2025, Affluence Corporation acquired Mingothings SLU, a Barcelona-based loT and smart city solutions company
Francesc Domingo was the CEO of Mingothings, and played a key role in the acquisition and integration process.
Strategic Fit with OneMind
Technologies
Mingothings had already been working closely with OneMind Technologies?(OMT), a wholly owned subsidiary of?Affluence Corp.
The companies signed a Memorandum of Understanding (MoU) in 2024 to jointly develop smart city and loT solutions
Francesc Domingo's leadership and technical expertise made him a natural fit to lead the combined group.
Remote Leadership from Spain
U.S. public companies can appoint foreign-based CEOs as long as:
They comply with SEC regulations and corporate governance standards.
(Let’s not confuse AFFU is not SEC reporting)
The CEO can fulfill fiduciary duties and maintain communication with the board and shareholders.
Francesc Domingo's leadership from?Spain is legally permissible and increasingly common in global tech firms.
Why This Works
Affluence Corp is a global company with subsidiaries and operations in Europe and the U.S..
Domingo's appointment reflects a modern, decentralized leadership model, especially in tech and loT sectors.
The acquisition was notarized under?Spanish law, reinforcing the legitimacy of his executive role
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