Draganfly Expands Board with Key Industry Leaders and Experts

Expansion of Draganfly's Leadership Team

Draganfly Inc. (NASDAQ: DPRO), a leading developer of drone solutions, is excited to share significant updates regarding its Board of Directors and Advisory Board. The company continues to strengthen its leadership in the UAV industry by welcoming experienced professionals who are expected to steer the company towards greater innovation and growth.

Welcoming Back Renowned Leaders

One of the notable appointments is former White House Chief of Staff Andy Card, who returns to the company as a member of the Advisory Board. Card's experience as Chief of Staff under President George W. Bush and his subsequent roles in government and industry positions equip him with unique insights beneficial to Draganfly's future initiatives.

Andy Card's Impactful History

Andy Card has an extensive background in leadership and policy-making. His previous experience includes crucial moments in U.S. history, such as guiding the government during the aftermath of the September 11 attacks. His reappointment signals the company's commitment to benefiting from high-level strategic insights as they traverse the complexities of the drone industry.

New Audit Chair Appointed

In a further restructuring of its board, Kim Moody has been appointed as the new Audit Chair. Moody, who is the Founder of Moodys Private Client LLP, brings substantial expertise in tax advisory and financial governance, making him a valuable asset for Draganfly. He takes over from Olen Aasen, who has decided to depart after five years of dedicated service.

Appreciation for Olen Aasen

“On behalf of the management and the Board, I want to extend our gratitude to Olen Aasen for his outstanding contributions and leadership over the years,” said Cameron Chell, the CEO of Draganfly. “We are delighted to have Kim Moody take the helm of our Audit Committee, as his wealth of experience will guide us effectively.”

Strengthening Committees for Enhanced Functionality

Draganfly has also announced the establishment of new committee appointments to broaden its governance framework. Julie Myers Wood, the Chief Executive Officer of Guidepost Solutions, will lead the Compensation Committee. Her background in regulatory issues and management will aid in ensuring fair and effective employee compensation in line with industry standards.

Tim Dunnigan's Role

Additionally, Tim Dunnigan, a retired U.S. Army Infantry Officer and current CEO of MMS Products, Inc., will join the Audit Committee. Dunnigan's strong foundation in defense technology and his successful entrepreneurial spirit will contribute significantly to Draganfly's defense-related initiatives.

Defining the Future with Experienced Leadership

An equally significant addition to the Audit and Nominating Committee is Thomas B. Modly, the former Acting Secretary of the Navy. Modly’s vast experience within the Department of Defense is expected to provide strategic guidance as Draganfly expands its presence in defense-related markets. His insights will be critical in leveraging advanced drone technology in national security applications.

Cameron Chell's Vision for Draganfly

Cameron Chell expressed enthusiasm regarding the new board members: “With the inclusion of seasoned leaders such as Andy Card and Kim Moody, we are excited to reinforce our governance with significant defensive and governmental expertise. Our board is uniquely positioned to address emerging challenges and to ensure our innovations meet the needs of the market.”

About Draganfly

Draganfly Inc. specializes in creating cutting-edge drone solutions and related software, catering to a variety of sectors including public safety, agriculture, and industrial inspections. Having established itself over 24 years as an award-winning industry leader, Draganfly remains committed to providing first-class services that enhance operational efficiency for customers globally.

Frequently Asked Questions

What is the significance of Andy Card's appointment?

Andy Card returns to Draganfly as a member of the Advisory Board, bringing a wealth of leadership experience, particularly from his tenure as Chief of Staff to President George W. Bush.

Who has been appointed as the new Audit Chair?

Kim Moody has been appointed as the new Audit Chair, taking over from Olen Aasen, who stepped down after five years of service.

What backgrounds do the newly appointed committee members have?

They have extensive experience in regulatory compliance, military service, and government leadership, enhancing Draganfly's strategic oversight.

What is Draganfly's primary focus?

Draganfly focuses on developing innovative drone technologies for various applications including defense, agriculture, and public safety.

How long has Draganfly been in operation?

Draganfly has been at the forefront of drone technology for over 24 years, establishing itself as a recognized leader in the industry.

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