Market conditions in the licensing and infrastructure sector have improved lately, and all the companies are trying to make the most of them. In this series, Medbox Inc (OTCMKTS:MDBX) has also announced some changes in its senior management. According to reports, the company has decided to appoint Ambassador Ned L. Siegel as the new President of Board of Directors. He is expected to use his industry experience and subject matter knowledge to enhance the growth prospects for Medbox.
Insights On The Matter:
Ambassador Ned L. Siegel comes, with a solid track record. He worked as the U.S. Ambassador to the Commonwealth of the Bahamas for a period of two years. According to reports, he was appointed by the Former U.S. President George W. Bush to take up that opportunity between October 2007 and January 2009. Apart from this, he was also asked to work at United Nations under the Ambassador John R. Bolton by George W. Bush. As per the reports, the President was impressed and wanted him to be present at the 61st Session of the United Nations General Assembly and serve as the Senior Advisor to the U.S. Mission.
Before taking this opportunity, he was a part of Overseas Private Investment Corporation’s board of directors. The grand success that he continues to enjoy in political as well as corporate career is because of his more than 30-year of experience as an entrepreneur. Presently, he is serving as the President of Board of Directors at The Siegel Group, which is an internationally acclaimed business consultancy firm. The firm specializes in various business fields such as infrastructure, ports, real estate, energy, technology, utilities and financial services.
Management of Medbox Inc (OTCMKTS:MDBX) is delighted to appoint Mr. Siegel as the new President of the Board of Directors and hopes that his presence will help the company touching new heights in the near future.