NextPlat Corp Appoints Amanda L. Ferrio as Chief Financial Officer

NextPlat Corp (NASDAQ: NXPL, NXPLW), a global consumer products and services company providing healthcare and technology solutions through e-commerce and retail channels, has announced the promotion of Amanda L. Ferrio to Chief Financial Officer. This appointment represents a strategic move to strengthen the company's financial leadership as it continues to expand its global operations. Ferrio succeeds Cecile Munnik, CPA/CA, following a transition period that will extend through the company's Q3 2025 filing, ensuring a smooth handover of financial responsibilities.

Ferrio brings over 15 years of accounting and finance experience to her new role, having previously served as Vice President of Accounting & Finance at Progressive Care LLC. During her tenure at Progressive Care, she demonstrated strong leadership in financial reporting, budgeting, and SEC compliance matters. Her background in managing complex financial operations within the healthcare sector positions her well to oversee NextPlat's diverse portfolio of e-commerce communications and healthcare data management services. The company operates an e-commerce communications division offering voice, data, tracking, and IoT products worldwide, while also providing pharmacy and healthcare data management services in the United States through its Progressive Care subsidiary.

CEO David Phipps emphasized the significance of this appointment, stating that Ferrio's deep operational insight will support NextPlat's focus on financial performance and sustainable shareholder value. This leadership change comes at a pivotal time for the company as it seeks to optimize its e-commerce presence and revenue through acquisitions, joint ventures, and collaborations. The appointment signals NextPlat's commitment to maintaining strong financial governance while pursuing aggressive growth strategies in the competitive global e-commerce and healthcare technology markets. Investors can access the full press release at https://ibn.fm/v9DL2 for additional details about this executive transition and the company's strategic direction.

The timing of this CFO transition through Q3 2025 provides NextPlat with extended stability during a period of potential market volatility and economic uncertainty. Ferrio's experience in SEC compliance will be particularly valuable as the company navigates regulatory requirements while expanding its international footprint. Her promotion from within the organization's network demonstrates NextPlat's strategy of leveraging proven talent with existing knowledge of the company's operations and industry challenges. This internal succession approach minimizes disruption while ensuring continuity in financial strategy execution during a critical phase of the company's development.