Immutable Holdings Inc. announced the appointment of Don Thibeau as Chief Product Officer, effective June 8, 2022. Thibeau will report to Chief Executive Officer Jordan Fried and will oversee product strategy and development, including at NFT.com. Previously, Thibeau was the Co-Founder and Chief Strategy Officer of the HBAR Foundation.

He has also held senior product and business management roles at Hedera Hashgraph and IBM. His contract with the Company includes stock options under the Company's employee compensation plan amounting to 1% of present outstanding, as-converted subordinate voting shares, vesting over a four-year period. Jeanna Liu, Chief Operating Officer, will be leaving the Company.