XTM Inc. announced that Swapan Kakumanu will be joining the Company on December 7, 2023 as fractional CFO to replace Michal Li in his interim CFO role. Swapan Kakumanu has more than 25 years of senior finance and operations experience and has served at the senior executive management levels, both in public and private companies, in high growth technology, manufacturing, blockchain, medical device, and oil field services industries. He has held senior roles as President, Chief Executive Officer, Chief Financial Officer, Controller, Company Secretary, and Board Member for public and private companies in the information technology and energy services sectors.

Swapan has extensive experience in public company reporting, investor relations, ERP implementations, mergers and acquisitions, internal controls, and overall financial and operations management. He is well versed in commercializing technologies and launching software (including SaaS) solutions and his experience spans manufacturing, distribution, oilfield services, healthcare technologies, and multi-jurisdictional operations.