Greenwave Technology Solutions Inc (NASDAQ:GWAV) experienced a 2.3% decline in after-hours trading on Tuesday after the company disclosed the appointment of a new chief financial officer.
Chelsea Pullano is slated to become Greenwave's CFO effective February 5, 2026, the company said. The hiring is part of a broader professional-services arrangement with MACK Financial Solutions, LLC, formalized on January 2, 2026. Under that agreement, MACK will deliver a range of services to Greenwave, including financial reporting and duties related to SEC filings.
Background on the appointee and role
Pullano co-founded MACK in May 2023 and currently serves as a partner and chief executive officer of the firm. Her stated responsibilities at Greenwave will include providing strategic financial oversight, reviewing and certifying SEC filings, coordinating reporting activities with auditors and legal counsel, and performing other functions commonly associated with the finance chief of a public company.
Her prior positions include serving as chief financial officer of Creatd, Inc. from June 2020 to May 2023, and as director of finance at the law firm Lucosky Brookman LLP from September 2024 to March 2025.
Company operations
Greenwave operates a network of 13 metal recycling facilities across Virginia, North Carolina, and Ohio. The company collects and processes raw scrap metal through its wholly owned subsidiary Empire Services, Inc.
Market reaction and immediate implications
The stock reaction occurred in after-hours trading on Tuesday after the firm disclosed the executive change and the associated services agreement. The announcement ties the CFO role to an external services relationship with MACK Financial Solutions and names Pullano, MACK's co-founder and CEO, as the individual who will assume responsibility for Greenwave's public-company financial reporting and related compliance functions.
The details released by the company outline the scope of Pullano's duties but do not elaborate further on long-term strategic changes or additional operational shifts.