Thursday, August 14, 2025 10:01:25 AM
CBRF .58 (news below) and is getting ready to announce the really important news about the JV in Tampa. Patience about to pay off in a big way.
CyberFuels Holding Company Announces Several Senior Leadership Changes
PALM BEACH GARDENS, FL / ACCESS Newswire / August 14, 2025 / CyberFuels Holding Company, Inc. (OTCID:CBRF) ("The Company") is pleased to announce that the Company has made the following Senior Leadership changes as it looks to meet the new opportunities posed to the Company as it finalizes its Port Tampa Terminal joint venture while also using its recent addition to the OTCID marketplace as the beginning of its process to uplist the Company's shares to a more liquid trading platform.
Mr. Ronald Mills, currently Chairman of the Board and Chief Executive Officer of the Company, has decided that after a 24-year career in those roles that it is time to retire from the day-to-day responsibilities of the Chief Executive Officer position once the transition process to the new CEO has been completed. After the transition, Mr. Mills shall continue to maintain his responsibilities as the Chairman of the Board of the Company.
Mr. Kevin Plescha, formerly the Chief Operating Officer and Terminal General Manager of CyberFuels Gateway Terminal, LLC., an indirect subsidiary of the Company, will assume the role of Chief Operating Officer of CyberFuels Holding Company. Additionally, Mr. Plescha will begin his transition to CEO of the Company over the next several months. In his expanded role, he will continue to report to Ronald Mills, Chief Executive Officer, but will assume a broader set of responsibilities and overall management duties of the Company.
"I'm thrilled about the opportunity to assume these added responsibilities," said Mr. Plescha. He added, "We anticipate that the prospects for the Company's success will expand and that the milestones surrounding the joint venture's completion will be a strong step in that direction."
Mr. John Lawrence, previously President of CyberFuels, Inc., has transitioned to the newly created Chief Liaison Officer role within the Company. This change has become necessary as the complexity of the Company's external relationships have changed significantly and are expected to continue to evolve as the joint venture develops and expands.
The Company is also pleased to announce that it has recently added Mr. Jacob Borg to its senior management team as the new President of CyberFuels, Inc. where he will be responsible for implementing strategic policies, overseeing the Port Tampa development, and advancing the Company's mission to deliver resilient, next generation fuel solutions across North America.
Mr. Borg brings a strong background in finance, capital structuring, and asset development to the Company. Prior to joining the Company, Mr. Borg served as Vice President of Capital Markets at Index Investment Group, where he was involved in large-scale real estate and infrastructure investments across North America. He has led multiple transactions across the energy, logistics, and real estate sectors, with a focus on structuring joint ventures, capital structure optimization, and advancing complex infrastructure initiatives. His approach combines institutional financial discipline with entrepreneurial execution, positioning assets for long-term growth and investor alignment.
Mr. Borg holds degrees in both Finance and Accounting from Northeastern University.
Mr. Ronald Mills, CEO of the Company, added "I am very excited about announcing these changes to our management structure of the Company which needs to move in synch with the overall changes in the strategic direction and accomplishments of the Company, itself. Once finalized, we believe that the joint venture will be considered a truly transformative event in the Company's history and will help propel the Company's future business opportunities."
CyberFuels Holding Company Announces Several Senior Leadership Changes
PALM BEACH GARDENS, FL / ACCESS Newswire / August 14, 2025 / CyberFuels Holding Company, Inc. (OTCID:CBRF) ("The Company") is pleased to announce that the Company has made the following Senior Leadership changes as it looks to meet the new opportunities posed to the Company as it finalizes its Port Tampa Terminal joint venture while also using its recent addition to the OTCID marketplace as the beginning of its process to uplist the Company's shares to a more liquid trading platform.
Mr. Ronald Mills, currently Chairman of the Board and Chief Executive Officer of the Company, has decided that after a 24-year career in those roles that it is time to retire from the day-to-day responsibilities of the Chief Executive Officer position once the transition process to the new CEO has been completed. After the transition, Mr. Mills shall continue to maintain his responsibilities as the Chairman of the Board of the Company.
Mr. Kevin Plescha, formerly the Chief Operating Officer and Terminal General Manager of CyberFuels Gateway Terminal, LLC., an indirect subsidiary of the Company, will assume the role of Chief Operating Officer of CyberFuels Holding Company. Additionally, Mr. Plescha will begin his transition to CEO of the Company over the next several months. In his expanded role, he will continue to report to Ronald Mills, Chief Executive Officer, but will assume a broader set of responsibilities and overall management duties of the Company.
"I'm thrilled about the opportunity to assume these added responsibilities," said Mr. Plescha. He added, "We anticipate that the prospects for the Company's success will expand and that the milestones surrounding the joint venture's completion will be a strong step in that direction."
Mr. John Lawrence, previously President of CyberFuels, Inc., has transitioned to the newly created Chief Liaison Officer role within the Company. This change has become necessary as the complexity of the Company's external relationships have changed significantly and are expected to continue to evolve as the joint venture develops and expands.
The Company is also pleased to announce that it has recently added Mr. Jacob Borg to its senior management team as the new President of CyberFuels, Inc. where he will be responsible for implementing strategic policies, overseeing the Port Tampa development, and advancing the Company's mission to deliver resilient, next generation fuel solutions across North America.
Mr. Borg brings a strong background in finance, capital structuring, and asset development to the Company. Prior to joining the Company, Mr. Borg served as Vice President of Capital Markets at Index Investment Group, where he was involved in large-scale real estate and infrastructure investments across North America. He has led multiple transactions across the energy, logistics, and real estate sectors, with a focus on structuring joint ventures, capital structure optimization, and advancing complex infrastructure initiatives. His approach combines institutional financial discipline with entrepreneurial execution, positioning assets for long-term growth and investor alignment.
Mr. Borg holds degrees in both Finance and Accounting from Northeastern University.
Mr. Ronald Mills, CEO of the Company, added "I am very excited about announcing these changes to our management structure of the Company which needs to move in synch with the overall changes in the strategic direction and accomplishments of the Company, itself. Once finalized, we believe that the joint venture will be considered a truly transformative event in the Company's history and will help propel the Company's future business opportunities."
“NEVER ARGUE WITH STUPID PEOPLE. THEY WILL DRAG YOU DOWN TO THEIR LEVEL AND BEAT YOU WITH EXPERIENCE.” - Mark Twain
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