Trump-backed SPAC Digital World names new
CFO
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[April 13, 2023]
(Reuters) - Digital World Acquisition Corp, a blank-check firm
that is set to merge with former U.S. President Donald Trump's media and
technology company, on Thursday named Katherine Chiles as its chief
financial officer. |
![](../images/041323PIX/busine74.jpg)
Former U.S. President Donald Trump delivers
remarks on the day of his court appearance in New York after being
indicted by a Manhattan grand jury following a probe into hush money
paid to porn star Stormy Daniels, in Palm Beach, Florida, U.S., April 4,
2023. REUTERS/Marco Bello |
The
development comes after Digital World in March ousted Chief
Executive Patrick Orlando, saying that due to "unprecedented
headwinds faced by the company" the board had agreed to select a
new management team.
The company also named Alexander Cano as president and secretary
on March 11, according to a filing on Thursday.
Chiles was previously a senior financial analyst for Total
System Services, a payment solutions provider, and has worked
for ING Americas.
In October 2021, Trump's newly formed media company, Trump Media
& Technology Group, announced a deal to go public by merging
with Digital World. The deal is now in doubt amid investigations
by the Justice Department and the Securities and Exchange
Commission, which have delayed its closing.
Late last year Digital World's Chief Financial Officer Luiz
Braganza left the company.
As of last close, the company's shares have dropped more than
13% this year.
(Reporting by Tiyashi Datta in Bengaluru; Editing by Shounak
Dasgupta)
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