Massimo Group (MAMO), Monday announced the transition of David Shan's role from Chief Executive Officer to Executive Chairman of the company.
Also, it announced the appointment of Quenton Petersen as the new CEO, effective April 14, 2026.
Commenting on the company's plans, Petersen said, "We plan to evaluate opportunities to expand these platforms into additional use cases, such as facility operations support and smart mobility applications, while taking a disciplined and measured approach."
Currently, MAMO is dropping 8.33 percent, to $1.1250 on the Nasdaq.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.