On January 9, 2018, the Board of Directors of 2050 Motors, Inc. received a letter of resignation from Mr. Michael Hu resigning his position as President/CEO along with any other executive officer positions he held with the company. On January 9, 2018, in the best interest of the company, the Board of Directors also appointed George S. Hedrick to the positions of President/CEO, Secretary, Treasurer/CFO, and as a director of the company. George Hedrick seasoned Marketing and Management professional with unparalleled experience in all facets of the Service Industry.

Mr. Hedrick has extensive experience as Manager and Marketing Executive in world class hotels and casinos in Las Vegas, Nevada, including: Caesars Palace Hotel/Casino, Rio Hotel/Casino Resort. He also served as Vice President of Corporate Marketing for Sun International at the Atlantis Resort, Bahamas.