Replies to post #40307 on Coretec Group Inc (CRTG)

[iamthe walrus]

Nice news today with Matt Hoffman being named COO added to his CFO title, it looks like Coretec is a step closer in their operations to commercializing CHS based products and revenue. Good news Key word in news today :Conduct broader Commercial activity , Great to see this is where Coretec is transitioning to !!!

https://thecoretecgroup.com/press-releases/the-coretec-group-announces-matthew-hoffman-as-chief-operating-officer/

“As The Coretec Group grows, we require an experienced team, capable of enabling us to scale and conduct broader commercial activity,” said Matthew Kappers, Chief Executive Officer of The Coretec Group. “We are becoming far more operational than in years past and need a strong executive who can oversee that change. Hoffman is absolutely the person for the job. He has the strong analytical and communication skills needed for the role, as well as the managerial and leadership prowess to help guide this transition successfully.”

7 Professional Duties of a Chief Operating Officer

Increase Sales - Increasing the sales of a company is one of the main duties of a COO. Additionally, the COO must support his/her CEO in negotiations or customer relationship management.

Reduce Costs - As a COO, it is his/her responsibility to effectively manage costs to support his/her CEO in making decisions about the company's finances and investments.

Increase Productivity - As a COO, you need to increase productivity at all levels to effectively achieve company goals.

Plan Capital Expenditures - Developing business plans for capital expenditures is an important aspect of this role.

Manage Operations - Manage the day-to-day operations of the company or business unit or need to advise the CEO or owner on those operations.

Monitor Progress - Monitoring current projects includes reporting status, progress updates, and identifying areas that require corrective actions.

Build a Culture - COOs are typically responsible for managing the people side of an organization, which includes responsibilities such as interviewing new employees, developing strategies for developing talent at all levels, and coaching organizational leaders.

[iamthe walrus]

Matt Hoffman new Coretec COO announced today !! Coretec in transition to revenue and product sales as well as new funding and broader R&D work, new partnerships or M/A possibilities , perhaps manufacturing partnerships as well . Making progress ! Good to see this new COO position is now needed as Coretec moves forward !!

Responsibilities of COO

Provide management to staff and leadership to the organization that aligns with the company’s business plan and overall strategic vision.

Assist executive team members in creating, growing and building a world class, industry leading organization.

Drive company results from both an operational and financial perspective working closely with the CFO, CEO and other key executive team members.

Partner with the CFO to achieve favorable financial results with respect to sales, profitability, cash flow, mergers and acquisitions, systems, reporting and controls.

Set challenging and realistic goals for growth, performance and profitability.

Create effective measurement tools to gauge the efficiency and effectiveness of internal and external processes.

Provide accurate and timely reports outlining the operational condition of the company.

Spearhead the development, communication and implementation of effective growth strategies and processes.

Works with other c-level executives on budgeting, forecasting and resource allocation programs.

Work closely with senior management team to create, implement and roll out plans for operational processes, internal infrastructures, reporting systems and company policies all designed to foster growth, profitably and efficiencies within the company.

Motivate and encourage employees at all levels as one of the key leaders in the company including but not limited to professional staff, management level employees and executive leadership team members.

Forge strategic partnerships and relationships with clients, vendors, banks, investors and all other professional business relationships.

Work with the CEO and CFO in the capital raise process, participate in the company’s road shows. Meet, interact and present information effectively to potential investors and private equity firms.

Foster a growth oriented, positive and encouraging environment while keeping employees and management accountable to company policies, procedures and guidelines.