Announcement • Apr 25
Stewards Inc. Appoints Glen Steward as Chairman of the Board Stewards Inc. announced that Glen Steward, Founder of the Stewards global investment business, has been appointed Chairman of the Board of Directors. Steward founded Stewards more than 27 years ago through Stewards International Limited, which serves as the foundation of the broader Stewards Group of Financial Companies. Strategically positioned across Mauritius, South Africa, and the United States, the organization has focused on delivering specialized investment strategies and capital solutions to high-net-worth individuals and institutional investors. Over the past two decades, the business has been built around a high-alpha investment philosophy, emphasizing disciplined capital stewardship, strategic advisory, and long-term value creation. Through this approach, Stewards has developed a reputation for delivering tailored investment solutions while fostering long-standing relationships with investors across multiple global markets. The Stewards organization and its affiliated investment businesses have been recognized internationally for their work in wealth and investment management, receiving honors from organizations including Euromoney, Global Private Banker, and Global Finance. The firm continues to focus on delivering innovative investment offerings while serving as a trusted partner to investors seeking long-term growth and wealth preservation. As Chairman of the Board, Steward will work closely with the Company’s directors and executive leadership team to guide Stewards’ continued growth as it scales across private credit, real assets and digital finance, while advancing its broader capital markets strategy. Announcement • Apr 24
Stewards Inc. Announces CEO Succession Stewards Inc. announced a planned leadership transition designed to support the Company’s continued growth and long-term strategic development. Vincent Napolitano has stepped down from his role as Chief Executive Officer and will continue his association with the Company as Chairman Emeritus, allowing him to remain engaged with Stewards’ long-term strategic vision while transitioning day-to-day leadership responsibilities. Shaun Quin, who previously served as President of the Company, has been appointed Chief Executive Officer and President. Quin has played a key role in the Company’s operational development and strategic initiatives and has worked closely with the board and executive leadership team in preparing for this transition. Announcement • Apr 23
Stewards Inc. Appoints Vincent Napolitano as Chairman Emeritus Stewards Inc. announced a planned leadership transition designed to support the Company’s continued growth and long-term strategic development. Vincent Napolitano has stepped down from his role as Chief Executive Officer and will continue his association with the Company as Chairman Emeritus, allowing him to remain engaged with Stewards’ long-term strategic vision while transitioning day-to-day leadership responsibilities. Announcement • Dec 24
Stewards Inc. Appoints John Bode to Board of Directors as Audit Committee Chair Stewards Inc. announced the appointment of John Bode to its board of directors, where he will serve as chair of the audit committee, effective immediately. Bode brings more than two decades of senior financial leadership, operational oversight and public-company governance experience. He currently serves as executive vice president, chief financial officer and chief transformation officer of Postmedia Network Canada Corp., where he leads finance operations and enterprise-wide transformation initiatives. Bode currently serves on the boards of SPAR Group Inc. and Zevra Therapeutics Inc. Previously, he served as chief operating officer of ReaderLink Distribution Services LLC and as chief financial officer of Tribune Publishing, where he played a key role in financial restructuring, operational optimization and strategic transformation. At Stewards, Bode will oversee audit committee responsibilities, including financial reporting, internal controls, risk management and auditor oversight, supporting the company’s continued evolution as a public, institutionally governed financial platform. Announcement • Dec 02
Stewards Inc. Appoints Scott Mcgowan as Chief Marketing Officer Stewards Inc. announced the appointment of Scott McGowan as Chief Marketing Officer. In this role, McGowan will lead the company’s integrated marketing and communications strategy, overseeing corporate messaging, brand development and investor engagement as Stewards expands its three operating segments and advances toward its planned uplisting to the Nasdaq Capital Market. McGowan brings more than 20 years of experience in marketing, communications and investor relations. Before joining Stewards, he served as director of investor relations at InvestorBrandNetwork (IBN) and spent the 13 years prior as CEO of a strategic communications consultancy, advising executive teams on brand positioning, capital-markets strategy and stakeholder engagement. McGowan has worked extensively with companies undergoing major growth and organizational transitions, helping executive teams build communications functions, develop corporate positioning and establish the internal and external frameworks needed to support expanding operations. His experience includes guiding high-growth and early-stage companies as they scale their departments, mature their messaging and prepare for the expectations of larger institutional investors and broader market visibility. At Stewards, McGowan will shape how the company’s mission, performance and long-term strategy are communicated to investors, partners and the broader market. His work will focus on aligning Stewards’ public identity with the disciplined management and responsible growth that define its private credit, real asset and digital finance operations. Announcement • Oct 15
FAVO Capital Appoints Gary F. Baumann as Independent Director FAVO Capital Inc. announced the appointment of Gary F. Baumann, Esq., as an independent director of the company’s board of directors. Mr. Baumann is a seasoned attorney and advisor with more than 25 years of experience spanning construction and commercial litigation. As a founding partner of Baumann, Gant, Keeley & Biondi, P.A., he has advised developers and institutions on major infrastructure projects, providing guidance on compliance, and risk management. Over his career, he has tried more than 70 civil jury cases and earned national recognition for his leadership in construction law. In addition to his professional practice, Mr. Baumann serves on the Board of Directors for Island Dolphin Care, a nonprofit organization supporting children with special needs and wounded veterans. He is a frequent moderator and speaker at national legal and industry conferences, where he has shared insights on ethics, construction law, and corporate governance. Mr. Baumann earned his Juris Doctor (with honors) from Nova Southeastern University and a bachelor’s degree in journalism from West Virginia University. The appointment underscores FAVO Capital’s focus on strong governance, operational discipline, and long-term value creation as it continues to build a durable platform across financial services and real estate investments. Announcement • Sep 30
FAVO Capital Inc. Appoints Wael Barsoum as Independent Director FAVO Capital Inc. announced the appointment of Dr. Wael Barsoum to its board of directors as an independent director. Barsoum is a nationally recognized health care executive and former president and CEO of Cleveland Clinic Florida, where he oversaw transformative growth and operational expansion across the region, scaling the enterprise to more than 1,000 physicians and 12,000 caregivers. He presently serves as president and chief transformation officer at Healthcare Outcomes Performance Company (HOPCo), overseeing international and U.S.-based operations, where he has led large-scale partnerships and value-based care strategies across the U.S. In addition to his executive roles, Barsoum has served as the Robert and Suzanne Tomsich Chair in Healthcare Innovation and professor of surgery at the Cleveland Clinic Lerner College of Medicine, underscoring his ongoing leadership in advancing healthcare innovation. He is also appointed by the governor of Florida to serve on the Florida State Medical Board, reflecting his leadership in statewide healthcare governance. Barsoum has served on numerous boards and advisory committees, contributing expertise in governance, compliance, and organizational transformation. He previously served on the board of directors of the Cleveland Clinic and is a current member of the board of trustees at Case Western Reserve University, where he continues to provide strategic guidance on organizational growth and stakeholder alignment. His leadership has spanned strategy, risk oversight, and transformation at some of the country’s most respected healthcare institutions. Announcement • Sep 16
FAVO Capital Appoints Zachary Graeve to Board of Directors FAVO Capital, Inc. announced the appointment of Zachary Graeve to its board of directors as an independent director. Graeve will also serve as chair of the Nominating and Corporate Governance Committee. Graeve is a corporate executive and governance advisor with more than two decades of experience advising CEOs and boards on disclosure, shareholder engagement, and strategic communications. IRC-credentialed, he has built and led investor relations and communications programs from the ground up, guiding leadership teams through IPOs, acquisitions, and other periods of transformation with a strong emphasis on transparency and stakeholder alignment. He leads a consulting practice that advises executive teams and boards on investor relations, capital markets strategy, disclosure planning, and brand equity. He also serves on corporate and nonprofit boards, where he contributes to compliance oversight and committee leadership. Announcement • Aug 28
Favo Capital, Inc. Announces CFO Changes FAVO Capital, Inc. announced key changes to its executive leadership team. Vaughan Korte, formerly the chief financial officer, has been appointed to the newly formalized role of chief operating officer, while Katy Murless, CFA, has been named chief financial officer. The moves are designed to strengthen the company’s leadership and align its executive team with FAVO’s long-term growth strategy. Murless brings more than a decade of experience spanning financial, commercial, and investment management. She began her career at Deloitte and later joined Abax Investments, where she served as an assistant portfolio manager, overseeing the equity portion of a multi-asset fund. She most recently served as head of U.S. operations at Stewards Investment Capital Limited. Announcement • Aug 27
Favo Capital, Inc. Appoints Vaughan Korte as Chief Operating Officer FAVO Capital, Inc. announced key changes to its executive leadership team. Vaughan Korte, formerly the chief financial officer, has been appointed to the newly formalized role of chief operating officer. The moves are designed to strengthen the company’s leadership and align its executive team with FAVO’s long-term growth strategy. Korte has more than 17 years of finance and business experience, including senior leadership roles across the Middle East and North Africa, where he oversaw finance operations across 60 countries and multiple subsidiaries for adidas. He first joined FAVO as a full-time CFO in 2023 after consulting for the company for two years, where he played a central role in strengthening the company’s financial foundation. Announcement • May 07
FAVO Capital, Inc. announced that it has received $8 million in funding from Stewards Investment Capital Limited FAVO Capital, Inc. announced a private placement that it has issued Series A Preferred equity for the aggregate gross proceeds of up to $8,000,000 on May 6, 2025. The transaction included participation from Stewards Investment Capital Limited. The securities offered will not be or have not been registered under the Securities Act of 1933, as amended. Announcement • Jan 31
Favo Capital, Inc. Appoints Glen Steward as Chief Strategy Officer FAVO Capital, Inc. announced the appointment of Glen Steward as the Chief Strategy Officer (CSO) to the company's Board of Directors. An experienced professional with over 25 years in the financial and investment industry, Glen brings specialized skills, in-depth expertise and strategic insight, further strengthening the exceptional leadership team at FAVO. Glen is the Founder and Chairman of Stewards Investment Capital, a significant shareholder in FAVO Capital, Inc. He has an extensive background as a Director and Board Member of various companies within the financial industry. Currently holding positions on the board of two Asset management companies registered by the Financial Sector Conduct Authority (FSCA) South Africa and Financial Services Commission (FSC) Mauritius, Glen has demonstrated exceptional leadership and expertise in navigating the complexities of the financial landscape. Glen founded Stewards International Funds PCC, leveraging the valuable experience gained while working for renowned investment banks such as Merryll Lynch and DMG Deutsche Morgan Grenfell during his five-year tenure in London. Glen's strategic prowess played a pivotal role in the integration of the FAVO Group of Companies into FAVO Capital, Inc, leading him to join the Advisory Board in June 2023. Since then, he has been driving substantial investment into FAVO Capital Inc. by facilitating a groundbreaking investment by one of South Africa's largest pension funds through Stewards Investment Capital. As the new Chief Strategy Officer, Glen will play a pivotal role in shaping the strategic direction of FAVO Capital, Inc. His appointment comes at an opportune time as FAVO Capital, Inc. rolled out its expansion plan starting with 3 recent acquisitions early January, reinforcing its position as a leader providing customized funding for small and mid-sized businesses. FAVO Capital Inc. will continue to bolster its expertise in key roles to ensure best in class corporate governance and service delivery. Glen's appointment reinforces FAVO Capital's commitment to excellence, prudent risk management and innovation in the financial services industry. The company looks forward to achieving new milestones under his strategic guidance. Announcement • Jul 23
FAVO Capital, Inc Appoints Ernest F. Hart to its Corporate Advisory Board FAVO Capital, Inc. announced the addition of the Honorable Ernest F. Hart to its Corporate Advisory Board. The Honorable Ernest F. Hart recently left the New York Police Department where he served as Deputy Commissioner, Legal Matters. Mr. Hart served as Senior Special Counsel to the New York Stock Exchange and as a Justice of the New York State Supreme Court, Civil Term, as New York City Criminal Court Judge. In addition, he is an adjunct professor at Manhattan College and Queensborough Community College. Before sitting on the bench, Mr. Hart was Associate Dean and Chief Operating Officer of the Columbia University Medical Center/Affiliation at Harlem Hospital. He began his legal career in the New York County District Attorney's Office and was the Chair of the New York City Civilian Complaint Review Board. Honorable Hart is presently Chair of Martin De Porres Group and Family Services which serves at-risk youth and their families. Honorable Hart earned a Juris Doctor from Villanova University School of Law, Master of Arts in Theology from St. Joseph Seminary, and a Bachelor of Arts from Fordham University. As a member of FAVO Capital's Corporate Advisory Board, the Honorable Ernest F. Hart will play a vital role in providing legal guidance and ensuring regulatory compliance. Announcement • Jun 28
FAVO Capital, Inc Appoints Rocco Trotta as Member of Corporate Advisory Board FAVO Capital, Inc. announced the Addition of Renowned Businessman and Co-Founder of The LiRo Group, Rocco Trotta as Member of Corporate Advisory Board. Mr. Rocco Trotta co-founded The LiRo Group in 1984 and has molded the firm from a small group specializing in construction administration, to one of the top construction management and full-service engineering firms in the nation. Mr. Trotta's leadership and contributions to the engineering profession have been recognized repeatedly by community and local organizations highlighted by his being named as Engineer of the Year by the New York State Society of Professional Engineers. Under Mr. Trotta's leadership, The LiRo Group has grown from a handful of people to over 900 employees in twelve offices throughout the northeast. Over the past few decades, The LiRo Group has won dozens of awards for a multitude of projects nationwide. Mr. Trotta owns, controls, and invests in various businesses around the country. He is the proud owner of one of New York City's most popular restaurants with his namesake; Rocco's Steakhouse in the Nomad section of Manhattan. Rocco's Steakhouse is also opening a second location later this year in Midtown Manhattan a few blocks from Central Park. Announcement • Jun 14
FAVO Capital, Inc Announces Corporate Advisory Board Appointments FAVO Capital, Inc. announced the addition of Glen Steward and Bilal Adam to its Corporate Advisory Board. Glen Steward is a highly accomplished professional with over 23 years of experience in the financial industry. As the Founder, Director, and Chief Investment Officer of Stewards Financial Custodians (South Africa) and Stewards International Ltd. (Mauritius). Glen has demonstrated exceptional leadership and a deep understanding of the investment landscape. Furthermore, Glen's strategic mindset, entrepreneurial spirit, and risk management acumen have been instrumental in establishing effective corporate financial strategies and driving strategic development initiatives. Mr. Steward's impressive career also includes serving as a Director and Board Member for esteemed organizations such as Foundation Fund Managers (Pty) Ltd. Glen has also played key roles in driving success and strategic decision-making at Secure Clear Trade Finance (Pty) Ltd. (South Africa) since 2016, as Director and Board Member and Stewards Investment Capital Ltd. (Mauritius) as Chairman. Bilal Adam brings a remarkable track record in the financial services industry. Mr. Adams has over 15 years of experience in investment management and banking, spanning London, Johannesburg, and Mauritius. As the President of the South African Chamber of Commerce of Mauritius, Bilal has been a driving force in fostering commercial relations across various sectors, including Financial Management Services, Banking, Travel, Retail, Property, Manufacturing, Pharmaceuticals, and Professional Services. Mr. Adam has held prominent positions at renowned institutions such as Investec, and AfrAsia Capital Management. He is a Chartered Accountant and is currently the CEO of Stewards Investment Capital successfully providing investment management services to family offices and institutional investors, covering a wide range of asset classes such as Equity, Fixed Income, and Alternative Assets. Announcement • Jun 03
FAVO Capital, Inc. and Stewards Investment Capital acquired Favo Group, Llc for $37 million. FAVO Capital, Inc. and Stewards Investment Capital acquired Favo Group, Llc for $37 million on June 1, 2023. FAVO Capital announce the acquisition of all entities comprising of the FAVO Group of Companies. This acquisition allows FAVO Capital to take the lead funding role and benefit from the foundation built by the FAVO Group of Companies. With this acquisition FAVO Capital will have the necessary resources, expertise, and relationships to expand on its current portfolio and product lines. FAVO Capital will now be able to provide small to medium-sized businesses with end-to-end financial solutions. Revenues for FAVO Group of Companies for year 2022 was $17.5 million. Participated in over 12,300 business fundings across multiple states and industries. Participated in the Syndication of approximately $840 million worth of capital to small and medium size businesses across the United States, which equates to a total Right to Receive of over $1.1 billion of which the company represents 10% of the portfolio. Directly Funded $24.1 million in capital through our direct sales organization. Raised over $22.8 million in Long-Term Debt. Benefited from a further $3.5 million in additional capital through existing and new syndication partners. FAVO Capital Inc. will continue to have two divisions - Lending and Commercial Real Estate (CRE). Lending will fall under the FAVO Capital brand and CRE will be under the FAVO Realty brand. Both divisions will focus on adding long-term value to the brand, shareholders, investors, and partners.
FAVO Capital, Inc. and Stewards Investment Capital completed the acquisition of Favo Group, Llc on June 1, 2023. 
