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Reibus Appoints New CEO

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Metals marketplace Reibus International Inc., has appointed  Jared Rowe as its new CEO and chairman of the board. Rowe has more than two decades of executive experience in the technology and marketplace sectors and will advance Reibus' mission to revolutionize the industrial materials supply chain.

The company also announced $30 million in new funding in a combination of equity and debt from existing investors, including Canaan and Nosara, with HSBC as its banking partner, to fuel its next phase of growth and innovation.

"We're thrilled to have Jared join us as CEO of Reibus, and we're excited about the future," said Hrach Simonian, general partner at Canaan. "This investment marks an exciting new chapter, and we are eager to support Reibus' continued growth and innovation. We believe the company is well-positioned to deliver exceptional value to the metals industry."

Late in 2023, Reibus Founder John Armstrong was moved from CEO to chairman of the board with Temy Mancusi-Ungaro serving as interim CEO.

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