On Wednesday, Elauwit Connection, Inc. (ELWT), an internet service provider, announced that it has appointed Nick Jones as the Chief Information Officer as well as Chief Operating Officer. Jones will succeed Rick Alder, who worked as Chief Operations Officer through Elauwit's initial public offering phase.
Jones has worked as Executive Vice President and Chief Operating Officer at World Cinema, Inc., and worked in hospitality, multifamily, and healthcare industries as the in-room entertainment provider. He was previously the CEO for companies like NJT, and a network engineer at Schlumberger, First Edge Sornson and Castle Dental.
On the Nasdaq, the shares were trading 0.83 percent down at $5.99.
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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.