AI/ML Innovations: Appointing Kendall to Drive Global Growth
Monday, Jan 6, 2025 7:22 am ET
TU --
UIS --
AI/ML Innovations Inc. (AIML) has announced the appointment of Peter Kendall as its new President and Chief Commercialization Officer, effective January 6, 2025. Kendall, with extensive experience in senior leadership roles at TELUS Health, Medisys, Lifemark, and 3M, brings a wealth of expertise in revenue generation, strategic planning, and team leadership to AIML. His appointment signals the company's commitment to transforming healthcare through global market success.
Kendall's proven ability to scale businesses, cultivate strategic alliances, and optimize operations has made him a transformative force across Canada, the US, and Europe. His strategic vision and global experience will be instrumental in driving AIML's growth and expanding its footprint on a global scale. AIML's CEO, Paul Duffy, expressed his enthusiasm for Kendall's appointment, stating that his outstanding expertise in commercialization and exceptional track record in leading teams to success positions AIML for robust growth and continued impact in the health tech industry.
As part of his compensation package, Kendall will receive a signing bonus of $120,000, payable in company shares at a price per share equal to the greater of $0.05 or the fair market value at the time of issuance. Additionally, he has been granted stock options to purchase up to 2,500,000 shares with an exercise price of $0.145 per share and a term of five years. The options will vest in three installments, with 1,000,000 options vesting on the Effective Date, 750,000 options vesting 6 months from the Effective Date, and 750,000 options vesting 12 months from the Effective Date.

Kendall's appointment aligns with AIML's strategic vision to expand its footprint in the global health tech market. His experience in scaling businesses and cultivating strategic alliances will be invaluable in driving AIML's growth and enhancing its market position. By leveraging his global experience and strategic vision, Kendall will be instrumental in driving AIML's growth and expanding its footprint on a global scale.
AIML's current strategic partnerships include Health Gauge (70% owned by AIML), Tech2Heal (22% ownership commitment by AIML), and AI Rx Inc. (70% owned by AIML). Kendall's expertise in strategic alliances and partnerships will be crucial in enhancing AIML's offerings and market position. By cultivating new strategic alliances and partnerships, Kendall can help AIML expand its footprint on a global scale, driving growth and impact in the health tech industry.
In conclusion, AI/ML Innovations Inc.'s appointment of Peter Kendall as President and Chief Commercialization Officer is a strategic move that aligns with the company's commitment to transforming healthcare through global market success. Kendall's proven expertise in commercialization, global experience, and track record of success in leading high-performing teams position AIML for robust growth and continued impact in the health tech industry. By leveraging his experience in scaling businesses and cultivating strategic alliances, Kendall will be instrumental in driving AIML's growth and expanding its footprint on a global scale.