**AppTech Payments Announces Changes in Executive Leadership** **

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On December 24, 2024, AppTech Payments Corp. (NASDAQ:APCXW) made significant announcements reflecting changes in its executive leadership. The company revealed the departure of Luke D’Angelo as the Chief Executive Officer and Executive Director, along with the appointment of Thomas DeRosa to serve as the Interim Chief Executive Officer. Concurrently, Meilin Yu, also known as Julia Yu, stepped down as the Chief Financial Officer and Treasurer, with Felipe A. Corrado stepping in to take over these roles.

Luke D’Angelo’s resignation as the Chief Executive Officer and Executive Director was highlighted in the company’s press release. Notably, Mr. D’Angelo resigned without any disputes related to the company’s operations, policies, or practices and will continue his role as Chairman of the Board of Directors.

In a similar move, Meilin Yu’s employment as the Chief Financial Officer and Treasurer was terminated without cause. This termination was also clarified to not stem from any disagreements concerning the company’s operations, policies, or practices.

Thomas DeRosa, aged 61, was appointed as the Interim Chief Executive Officer. DeRosa has been serving as the Executive Director of Product & Project Management since August 2023. With a wealth of experience exceeding 40 years in technology team leadership and successful CEO roles, DeRosa is anticipated to guide the company through this transitional phase effectively.

Furthermore, Felipe A. Corrado IV assumes the responsibilities of Chief Financial Officer and Treasurer. Mr. Corrado, aged 45, brings vast experience as a seasoned Management Consultant at AppTech since 2021. His expertise spans various financial domains, including due diligence, restructuring, and operational support to drive financial alignment and success.

These strategic changes in executive leadership mark the beginning of a new phase for AppTech Payments Corp. as it aims to leverage the expertise and experience of its new appointees to drive growth and operational excellence.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read AppTech Payments’s 8K filing here.

About AppTech Payments

AppTech Payments Corp., a financial technology company, provides electronic payment processing technologies and merchant services in the United States. Its merchant transaction services offer processing payments for credit and debit cards through point-of-sale equipment, e-commerce gateways, periodic automatic clearing house payments, and gift and loyalty programs.