Sadot Group Inc. announced a leadership transition on September 15, 2026. Chagay Ravid has ceased serving as Chief Executive Officer and Interim Chief Financial Officer. Mr. Ravid, age 65, resigned from all executive and director positions with the Company and its subsidiaries. However, he continues to serve on the Board of Directors as Executive Director, an executive officer position reporting to the new CEO.
In a separate appointment, the Board elected Michael D. Murray as Chief Executive Officer and Chief Financial Officer. Mr. Murray, age 57, was not appointed to the Board. He previously served as Chief Executive Officer of GBT Tokenize Corp. since June 2022 and held executive roles at GBT Technologies Inc. from 2015 to 2026. He holds a Master of Arts in Public Relations and a Bachelor of Arts in Political Science from California Baptist University.
The Company entered into an Employment Agreement with Mr. Murray, effective September 15, 2026. The agreement stipulates an annual base salary of $200,000. Mr. Murray is eligible for an annual performance bonus and will receive an award of restricted shares valued at $100,000 upon commencement. These restricted shares will vest in four equal quarterly installments starting October 1, 2026.
Mr. Ravid also executed an Amendment No. 1 to his Employment Agreement. This amendment changes his titles to Executive Director and amends references to his service as Chief Executive Officer. The amendment confirms that the change in title does not constitute a termination of employment or a resignation for Good Reason. Mr. Ravid continues to receive an annual base salary of $200,000 and retains his outstanding restricted stock awards.
