#Canada #Vancouver #Generative AI #GenAI #Patrick Gray

Generative AI Solutions Corp Announces Change in Leadership

Generative AI Solutions Corp., known as GenAI, has made significant management changes with the recent appointment of Patrick Gray as the new Chief Executive Officer, effective January 6, 2025. Gray, who previously served as the company’s Chief Operating Officer since December 2023, replaces Ryan Selby, who has resigned from his roles both as CEO and director. GenAI publicly expressed gratitude towards Selby for his contributions during his tenure and wished him success in his future endeavors.

Patrick Gray brings a wealth of experience to his new position. He is not only a leader in the tech field but also the President and Founder of a prominent IT service firm that specializes in software development, artificial intelligence, and data analytics. His expertise lies in public sector automation and legal technology, areas that demonstrate the application of advanced technologies to enhance business processes. His previous experience in operational roles positions him perfectly to lead GenAI through its next phase of growth.

In his remarks following his appointment, Gray acknowledged the responsibility he bears and discussed his intentions to capitalize on current market conditions to enhance the company's operations. He aims to leverage his industry knowledge and a network of contacts to diversify the company's portfolio and business lines. This strategic focus is poised to drive shareholder value in a highly competitive technological landscape.

The board, in conjunction with Selby's resignation, has approved measures concerning the settlement of his accumulated compensation. A total of $145,000 will be converted into common shares as an Accrual Payment, alongside an additional issuance of 4,000,000 common shares as part of Selby’s termination agreement. Both the Accrual Shares and Termination Shares will be priced at $0.09 each and subject to a holding period of four months. Notably, Selby will not be able to claim these shares unless he no longer maintains insider status within the company.

On behalf of the board, Patrick Gray will oversee these transitions while bolstering the organization's innovative capabilities and market strategies. This momentum comes as GenAI continues to develop its proprietary MAI Cloud™ platform, focusing on delivering AI-powered tools and services across various industries, thereby fulfilling its mission to harness AI for transformative commercial applications.

Furthermore, the company emphasizes that its team of AI experts is dedicated to creating high-performance solutions capable of integration into diverse workflows. This focus highlights GenAI’s position at the forefront of the AI revolution, aiming to redefine productivity and user experience in the tech world.

Conclusion

As GenAI turns a new chapter under Patrick Gray’s leadership, all eyes will be on how the company navigates growth and innovation. With a clear vision and a strategic approach, Gray’s presidency signals a promising future for Generative AI Solutions Corp. and its stakeholders. GenAI remains committed to evolving as a significant player in the AI industry while continuing to develop consumer-friendly solutions that incorporate cutting-edge technology.

For more information about GenAI, visit www.genai-solutions.com.