SpendSmart Networks, Inc. announced that effective April 14, 2016, Jerold Rubinstein resigned as a Director and interim Chief Executive Officer of the company, and also announced that effective April 19, 2016, the company appointed Luke Wallace to the position of Chief Executive Officer. Mr. Wallace was a co-founder of the SMS Masterminds business that the company purchased in 2014 and had been serving as the company's Chief Operating Officer. The company also appointed Tim Boris, the company's General Counsel, to the position of President.