Benzinga | Mar 8, 2021 09:37AM EST

Wrap Promotes Interim CEO Tom Smith To CEO

* Innovative public safety technologies and services provider Wrap Technologies Inc (NASDAQ: WRAP) announced Tom Smith's appointment as the CEO.

* Smith had been serving as the interim CEO since October 27, 2020.

* Smith's role as the co-founder and former President and Chairman of TASER International confirmed his ability to lead an organization through rapid growth, as per Wrap Chairman Scot Cohen.

* The company intends to appoint two new independent directors to the board within 45 days.

* Price action: WRAP shares are down 3.26% at $5.05 on the last check Monday.