HUB Cyber Security Appoints Richard Paolone and Joseph Tung to its Board of Directors
Key Highlights
- ➤HUB Cyber Security (HUBC) appoints Richard Paolone and Joseph Tung as independent directors
- ➤Board appointments target stronger governance during comprehensive restructuring and strategic-alternatives review
- ➤HUB says restructuring aims to improve liquidity, simplify operations, cut costs, and strengthen governance
- ➤HUB warns of significant uncertainty regarding liquidity, capital resources, and Nasdaq listing compliance
Expert Statements
Renah Persofsky, Active Chairperson of the Board, HUB Cyber Security
“On behalf of the Board, I am delighted to welcome Richard and Joseph to HUB. Both bring deep expertise in securities regulation, capital markets and public company governance, together with hands-on boardroom experience at U.S.-listed companies. Their insight will be invaluable as we continue to strengthen HUB’s corporate governance, improve the Company’s financial position and pursue strategic opportunities to create value for all of our shareholders. We look forward to working closely with them.”
TEL AVIV, Israel, Oct. 13, 2026 (GLOBE NEWSWIRE) -- HUB Cyber Security Ltd. (Nasdaq: HUBC) (“HUB” or the “Company”) today announced that its Board of Directors (the “Board”) has appointed Mr. Richard Paolone and Mr. Joseph Tung as directors of the Company, effective immediately. Mr. Paolone and Mr. Tung will each serve as an independent director on the Board.
Mr. Paolone and Mr. Tung each bring extensive experience in securities law, corporate finance, mergers and acquisitions and corporate governance, as well as prior service on the boards of several U.S.-listed companies. Their appointments are expected to further strengthen the Board’s oversight and governance capabilities as the Company continues to implement its comprehensive restructuring and explore strategic alternatives intended to maximize value for shareholders.
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