MLI Marble Lending Inc. announced that its Board of Directors has unanimously approved the recommendation of CEO and Director, Mike Marrandino to appoint the new Chief Executive Officer and Board Member, Karim Nanji, Marble's COO, to succeed Mr. Marrandino as CEO and joining the Board of Directors. This positive change will set the stage for continued growth and further opportunities for Marble to become the prominent Credit Rebuilding and Financial Wellness company in Canada. Mr. Marrandino will be moving to the role of Executive Chairman and remain on the Board, to assist in transitioning the current management team in executing on its business growth strategy in the Financial Wellness industry.

These changes are effective immediately. Mr. Nanji is currently Marble's Chief Operating Officer and has had a leading role in developing the company's business strategy with his significant background in retail financial services for underbanked, underserved and credit-challenged consumers in Canada, the United States, and international markets. Mr. Nanji is a concept through execution leader with over 25 years of experience across start-up, growth, enterprise and Fortune 500 organizations.

Marble also announced that Mr. Farhan Abbas, CPA, CFA, a capital markets and accounting professional with in-depth knowledge and experience in finance has joined the Board of Directors. Mr. Abbas will be replacing Ms. Julie McClure, who has been on the Marble Board since 2018.