On June 19, 2015, the board of directors of NanoFlex Power Corporation appointed Mark Tobin as its Chief Financial Officer replacing Dean Ledger. On the same day, the Board also appointed J. Norman Allen as its Chief Technology Officer. Mr. Ledger's replacement as Chief Financial Officer was not the result of any disagreement with the company on any matter relating to the company's operations, policies or practices, and Mr. Ledger remains the company's Chief Executive Officer and a member of the Board.

Mr. Tobin is the Co-Founder, Chief Executive Officer and Managing Partner of capital markets consulting firm, Tobin Tao & Company Inc., where he currently serves as Managing Partner. He also currently serves as a Managing Director at Digital Offering, a merchant bank. Additionally, Mr. Tobin serves as a Director and Audit Committee Chairman for Cellceutix Corporation.

From 2005 to 2013, Mr. Tobin served as Director of Research and as a Senior Research Analyst at Roth Capital Partners. Mark Tobin is the Co-Founder, Chief Executive Officer and Managing Partner of capital markets consulting firm, Tobin Tao & Company Inc., where he currently serves as Managing Partner.