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Ominto Inc (OMNT.OQ)

OMNT.OQ on NASDAQ Stock Exchange Capital Market

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15 Dec 2017
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Summary

Name Age Since Current Position

Mitchell Hill

58 2017 Executive Chairman of the Board

Michael Hansen

47 2016 Chief Executive Officer, Founder, Director

Raoul Quijada

54 2017 Chief Financial Officer

Betina Sorenson

45 2016 Chief Operating Officer

Jeffrey Schuett

52 2015 Executive Vice President - Operations and Solutions Development

Thomas Vogl

48 2015 Chief Marketing Officer

Matthew Cohen

51 2017 General Counsel

Gary Baughman

70 2015 Independent Director

Jaye Connolly-LaBelle

53 2016 Independent Director

Peter Harris

53 2015 Independent Director

Gregory Newell

67 2015 Independent Director

Biographies

Name Description

Mitchell Hill

Mr. Mitchell C. Hill is Executive Chairman of the Board of the Company. He has served as a director since June 2015. From June 2015 until February 2016 Mr. Hill served as Chair of the Audit Committee. On January 26, 2016, Mr. Hill was elected as Interim Chief Executive Officer, where he served until June 1, 2016. After June 1, 2016 and through the present, Mr. Hill has served in an Executive Director role where he assists Mr. Hansen and the Board in various leadership, financial and operational responsibilities. He is the Co-Founder and Chief Financial Officer of Fortunato Capital Management, Inc., a real estate private equity firm. Prior to Fortunato, from 2013 to 2015, Mr. Hill was Executive Vice President and CFO of Alphaeon, Inc., a portfolio company of Strathspey Crown, LLC. Mr. Hill has an extensive and successful track record with private equity and venture capital-backed firms including his service as CFO of Cameron Health, Inc. from 2010 to 2012 (sold to Boston Scientific) and Visiogen Inc. from 2008-2010 (sold to Abbott Medical Optics). Earlier in his career, he was President and CFO of Buy.com Inc., a high-profile pioneer in early e-commerce solutions with annual sales of approximately $800 million, and Senior Vice President and CFO of Walt Disney Imagineering, a 3,000 person creative, technical and real estate/theme park development company. Mr. Hill also worked in the investment banking division of Goldman Sachs. Throughout his career he has supported startup launches, and has transformed companies from R&D phases and private capitalization to commercialization with manufacturing, marketing and sales, including preparation for initial public offerings. Mr. Hill received his MBA from Harvard Graduate School of Business Administration and his B.S. in Accounting, summa cum laude, from Brigham Young University.

Michael Hansen

Mr. Michael B. Hansen is Chief Executive Officer, Founder, Director of the Company. Mr. Hansen was re-appointed as Chief Executive Officer on June 1, 2016. From September 15, 2015 to June 1, 2016, he served as the Executive Vice President, Development of the Company and a director on the Board. He served as President and Chief Executive Officer of the Company's predecessor and served the same roles for the Company from 2003 until May, 2015, until the appointment of Ivan Braiker as President and Chief Executive Officer. From May 2015 to September 2015, Mr. Hansen was Ominto’s chief strategist and conceptual developer. Early in his career, Mr. Hansen gained experience from his work in a variety of internationally recognized creative environments. Mr. Hansen holds a degree in mechanical engineering and in the late eighties and early nineties worked as a developer for the Danfoss Group. Later, he was recruited by LEGO and was responsible for theme world development, spending much of his time designing and creating the highly successful Space Lego product line, which later developed into the Star Wars products. In 1996, he commenced his entrepreneurial career by developing a successful chain of Mexican themed franchise restaurants which he sold in 1999 to pursue a career in the network marketing industry where he achieved the highest sales associate ranking available in two, US-based network marketing companies in telecommunications and financial services.

Raoul Quijada

Mr. Raoul Quijada serves as Chief Financial Officer of the Company. Mr. Quijada was appointed by the Board on June 13, 2016 to serve as Interim Chief Financial Officer of the Company and promoted to serve as Chief Financial Officer of the Company on March 31, 2017. Immediately prior to his appointment as CFO, Mr. Quijada was an employee of Resources Global Professionals, where he served as a consultant since the beginning of 2016 and joined the Company on a contractual basis for up to twelve (12) months from the effective date of his appointment. Mr. Quijada comes to the Company with over 20 years of experience bringing with him a significant record of leadership in several Fortune 500 Companies. Mr. Quijada started his career at Price Waterhouse Coopers LLP. Most recently, Mr. Quijada was employed by Afligo Marketing Services, Inc., a division of Systemax, Inc. (NYSE: SYX), a Fortune 600 Company, where he served as Senior VP of Finance and Operations and was responsible for leading the functions of financial management and strategic planning as well as operations. Prior to that, he was the Senior Director of Finance at Newell Rubbermaid from 2005 through 2007, the Director of Strategic Planning & Analysis from 2003 to 2005, and the Director of Finance-LAC Division from 1998 to 2003. As a Certified Six Sigma Black Belt and being proficient in the Six Sigma/Lean Principles, Mr. Quijada has used his expertise in Operational Excellence to lead several initiatives to increase efficiencies through the implementation of different mechanisms designed to improve core processes and measure operational effectiveness. Mr. Quijada attended New York University and Concordia University with a double major in Business Administration & Finance and holds a Master of Business Administration from the University of St. Thomas – Graduate School of Business in Minneapolis MN, and a Certificate of Professional Achievement in Leadership & Management from the Kellogg School of Management - Evanston, IL.

Betina Sorenson

Ms. Betina Dupont Sorenson is Chief Operating Officer of the Company. Ms. Sorenson has been the Chief Operating Officer of the Company since September 1, 2016. From 2005 to 2016, Ms. Sorenson served as Chief Marketing Officer of our DubLi Network subsidiary, where she is responsible for all distribution, marketing and communications functions for DubLi Network’s Business Associates. She is also the manager of Ominto’s office in Dubai, UAE. Early in her career, Ms. Sorenson was employed in a Danish marketing firm and spent two years with Modulex, a division of LEGO where she worked in the accounting and logistics department. As a seasoned business executive, she has owned her own restaurant and has also managed accounting and HR for several nightclubs in Denmark. Ms. Sorenson began her career in Network Marketing in the late 1990s, and spent three years building large organizations and customer bases for two US multi-level marketing companies. She has a Degree in Business Administration from Vejle Business College. She is fluent in Danish, English and German and is conversational in Spanish.

Jeffrey Schuett

Mr. Jeffrey Schuett is the Executive Vice President - Operations and Solutions Development of the Company. Mr. Schuett entered into an employment agreement with the Company to serve as Executive Vice President of Operations and Solutions Development for an initial term of five years, renewable for each successive one-year period. Under the employment agreement, Mr. Schuett was also granted the right to 100,000 options to purchase the Company’s common stock which was scheduled to vest in 12 equal quarterly installments. The options have an exercise price of $7.00 per share. Mr. Schuett is restricted from competing with the Company during the course of his employment and for a period of one year after his employment has been terminated. On January 25, 2016, the Company and Mr. Schuett entered into a Separation Agreement whereby Mr. Schuett received compensation for four months.

Thomas Vogl

Mr. Thomas Vogl is Chief Marketing Officer of the Company. Mr. Vogl entered into an employment agreement with the Company to serve as Chief Marketing Officer for an initial term of five years, renewable for each successive one-year period. Under the employment agreement, Mr. Vogl was paid an annual base salary of $215,000. Mr. Vogl was also granted the right to 100,000 options to purchase the Company’s common stock which were scheduled to vest in 60 equal monthly installments. The options have an exercise price of $5.50 per share. Mr. Vogl is restricted from competing with the Company during the course of his employment and for a period of one year after his employment has been terminated. On February 1, 2016, the Company and Mr. Vogl entered into a Separation Agreement whereby Mr. Vogl received compensation for four months.

Matthew Cohen

Mr. Matthew S. Cohen is General Counsel of the company. He has been the General Counsel of the Company since May 1, 2017. Immediately prior to joining the Company, he served as General Counsel for Harbor Village, Inc., a privately-owned substance abuse treatment provider. From December 2015 through July 2016, Mr. Cohen was a Partner in the law firm of Gallet Dryer & Berkey, LLP and from August 2014 through February 2015, he served as the Executive VP and General Counsel of Stratex Oil & Gas, Inc. (symbol: STTX), a publicly traded oil & natural gas exploration and production company. From June 2012 through August 2014, Mr. Cohen was a Shareholder in the law firm of Buchanan Ingersoll & Rooney PC. From March 2008 through May of 2012, he was a Partner in the law firm of Thompson & Knight LLP and from January 2001 through March of 2008, he served as a Partner of Eaton & Van Winkle, LLP. Mr. Cohen graduated from Emory University with a B.A. in 1988 and earned his J.D. from Brooklyn Law School in 1991.

Gary Baughman

Mr. Gary S. Baughman is an Independent Director of the Company. He has served as a director since June 2015. During the last ten years he has been associated with a number of private equity firms including Centre Partners and Golub Capital, headquartered in New York City, Westar Capital in Costa Mesa California, and Gauge Capital, in Southlake, Texas. From 2009 to 2012 Mr. Baughman served as a mission president for The Church of Jesus Christ of Latter-Day Saints in Europe. From 2002 to 2008 Mr. Baughman was Chairman and CEO of Petmate, Inc., which was then largest non-food pet product company in America. Prior to joining Petmate, Mr. Baughman was CEO of Fisher-Price, a wholly owned subsidiary of Mattel, Inc., where he led the company through a turnaround and return to profitability. Before joining Fisher-Price, he was CEO of Tyco Toys, Inc., then the world’s third largest toy company. Prior to joining Tyco, Mr. Baughman was President of the Little Tikes Co., a division of Rubbermaid, Inc. His executive background also includes being President of Evenflo Products Co., one of the world’s leading producers of juvenile products, where he led the company through a turnaround in sales and earnings. He received his Bachelor of Arts degree from BYU and an MBA from the University of Michigan.

Jaye Connolly-LaBelle

Ms. Jaye Connolly-LaBelle serves as Independent Director of the Company with effect from December 1, 2016. Since March 2015, she has been President and Chief Executive Officer of RippleNami, Inc. Ms. Connolly-LaBelle oversees executive management of RippleNami including operations, sales, marketing, finance and development. Ms. Connolly-LaBelle is experienced in leading publicly traded as well as privately held companies and startups. Her public company experience spans key roles at six publicly traded corporations. Over the course of her career, she led 18 accretive acquisitions, adding over $2 billion to revenue. Ms. Connolly-LaBelle also possesses significant IPO experience. Previously, Ms. Connolly-LaBelle served as President and Chief Executive Officer of PathCentral, Inc., which was acquired by XIFIN and President and Chief Executive Officer of A-Life Medical Inc. and its subsidiary A-Life Hospital Coding, LLC, which was acquired by UnitedHealth Group. Before joining A-Life, she served as Director of Internal Audit at Laboratory Corporation of America (LabCorp.) and served as its Vice President of Business Development/Mergers and Acquisitions at InSight Health Corp. Ms. Connolly-LaBelle holds a B.S. in Accounting from Texas Tech University.

Peter Harris

Mr. Peter H. Harris is an Independent Director of the Company., Since 2013, Mr. Harris has served as a director since June 2015. Since 2013, Mr. Harris has served as the CEO and since May of 2017, has served as Executive Chairman of Spartan Education Group, the parent company of colleges that provide training in aviation maintenance, flight and related fields. During his career, he has held the position of CEO or COO at several companies owned by private equity firms, including the largest provider of domestic executive office suites, a national staffing firm, and the largest owner and operator of Jiffy Lube stores. His most recent CEO roles were at Eagle Hospital Physicians, a provider of hospitalist physician practice management services in more than 15 States in 2013; Pacific Interpreters, a provider of telephonic interpretation services in more than 200 languages for premier healthcare organizations from 2011 to 2012); and Active Day, the nation’s largest independent adult day services provider from 2009 to 2011. Mr. Harris first served as a corporate officer while working for the largest provider of hospice care in the US. In addition to executive roles at portfolio companies, he has served as a board member for more than a dozen companies across a wide range of industries. He is a seasoned executive who has demonstrated an ability to make positive changes in many types of businesses with customers across the nation and the globe. Mr. Harris received an honors undergraduate degree in Mathematical Methods in the Social Sciences and Political Science from Northwestern University and a Juris Doctorate from Harvard Law School, where he served as Editor - in - Chief of the Harvard Journal of Law & Public Policy.

Gregory Newell

Amb. Gregory J. Newell is an Independent Director of the Company. He has served as a Director since June 2015, and is currently President and Chief Executive Officer of International Commerce Development Corporation, which provides US and international companies with planning and execution of accelerated growth objectives. Since joining International Commerce Development Corporation in 1993, he supported the generation of $342 million in incremental revenue from Asia while serving as Interim Managing Director of International Development and Operations for an international company. In that position, he executed a strategy to access 24 Asian and European countries in five years and helped build a foundation for a successful IPO and $2.3 billion market capitalization. During his tenure, Mr. Newell also revived and completed groundbreaking projects (totaling $146 million) for a $9 billion publicly-traded corporation, establishing and maintaining credibility with government officials and investors in China and Europe. Throughout his career, Mr. Newell has successfully executed aggressive strategic international expansion plans for more than 90 enterprises. He is a former US Ambassador to Sweden and US Assistant Secretary of State for International Organization Affairs. Mr. Newell served in appointive positions for four US Presidents. Mr. Newell served as a member of the Board of Directors of Invisa, Inc. (OTC: INSA) from 2002 - 2015.