New Leadership at CEA Industries Inc.
New York, Sept. 02, 2025 — CEA Industries Inc. (NASDAQ: BNC), a dynamic company focused on managing one of the largest corporate treasuries of Binance Coin (BNB), proudly announces the appointment of Dr. Russell Read, Ph.D., CFA, as a Non-Executive Director of the Company, effective immediately.
Dr. Russell Read's Impressive Background
Bringing over 30 years of experience in global investment leadership, Dr. Read has a rich history working with sovereign wealth funds, pension systems, private investment firms, and financial institutions across North America, Europe, Asia, and the Middle East.
In his current role, he is Co-Founder, Chief Investment Officer, and Director at Measa Partners, a global investment and advisory firm. His previous leadership positions include serving as Chief Investment Officer for the California Public Employees Retirement System (CalPERS), the Alaska Permanent Fund Corporation (APFC), and the Gulf Investment Corporation (GIC-Kuwait), along with a role as Deputy CIO at Deutsche Asset Management. Dr. Read has also made his mark as Managing Partner of C Change Group and as a Senior Advisor at MSCI.
Contributions to Governance and Policy
Over his career, Dr. Read has advised various governments and regulators, and his influence is widely recognized. He chaired the Investors’ Committee of the President’s Working Group on Financial Markets, which operated under U.S. Treasury Secretary Henry Paulson. His expertise earned him recognition by SmartMoney as one of America’s 30 most influential figures in business and finance.
Educational Achievements
Dr. Read holds a Bachelor of Arts in Statistics and an MBA in Finance and International Business from the University of Chicago. Additionally, he earned both a master’s in Economics and a Ph.D. in Political Economy from Stanford University, underlining his deep understanding of financial systems and markets.
Strengthening the Board
David Namdar, CEO of CEA Industries (BNC), stated, “Russell’s appointment significantly enhances our Board with his extensive knowledge in global capital markets, institutional investment, and corporate governance. His experiences managing some of the largest sovereign wealth and pension funds worldwide will be crucial as we further develop our BNB digital asset treasury and identify new growth avenues.”
Dr. Read’s Vision for CEA Industries
Expressing his enthusiasm, Dr. Read commented: “Since announcing the BNB Treasury, CEA Industries has quickly carved out a position as a leader in digital asset treasury management. I am eager to work alongside David and the Board to enhance our governance, foster institutional engagement, and position CEA Industries for enduring success.”
About CEA Industries Inc.
CEA Industries Inc. (NASDAQ: BNC) is at the forefront of building and managing innovative businesses in consumer markets, and it proudly oversees the world’s largest corporate treasury of Binance Coin (BNB). For investors, BNC presents institutional-grade exposure to this prominent digital asset.
Frequently Asked Questions
What role has Dr. Russell Read taken at CEA Industries?
Dr. Russell Read has been appointed as a Non-Executive Director, bringing significant investment experience to the Board.
What is the main focus of CEA Industries?
CEA Industries is dedicated to managing the world’s largest corporate treasury of Binance Coin (BNB) and expanding its innovative business strategies.
What is CEA Industries' ticker symbol?
The company trades under the ticker symbol NASDAQ: BNC.
How does Dr. Read's experience benefit CEA Industries?
His extensive background in managing large funds and his understanding of global markets are expected to enhance corporate governance and strategic investments for CEA Industries.
What does BNC aim to achieve with its BNB treasury?
BNC aims to continue scaling its digital asset treasury, exploring new growth opportunities while ensuring institutional investor engagement.
