Onar Holding Corp has announced the appointment of Kelly Anderson as its Interim Chief Financial Officer, effective October 1, 2026. This strategic move comes as the company seeks to bolster its financial leadership following its recent acquisition of Advertise Purple, a California-based advertising firm. Anderson's extensive experience in finance leadership is expected to guide Onar through this transitional phase and support its growth objectives.
Onar Holding Corp, incorporated in Nevada, operates within the advertising services sector, classified under SIC 7310. The company trades on the OTC exchange under the ticker symbol ONAR. Its recent filings indicate a focus on expanding its market presence and enhancing operational capabilities.
The SEC filing reveals that Anderson will serve as Interim CFO under a Services Agreement with CXO Executive Solutions, a firm she founded. The agreement specifies a monthly compensation of $20,000 in cash and $12,000 in preferred stock, with additional bonuses contingent on the successful completion of the audit related to the Advertise Purple acquisition and the uplisting of Onar to a national securities exchange.
Anderson's appointment is significant given her extensive background, which includes over 25 years in senior finance roles. She has previously served as CFO for publicly traded companies and has overseen numerous acquisitions throughout her career. Her expertise is anticipated to be a valuable asset as Onar navigates its current growth trajectory.
In conjunction with her new role, Anderson has resigned from her position on the Board of Directors and as Chair of the Audit Committee, with Howard D. Palefsky now taking over those responsibilities. This restructuring within the company reflects a strategic alignment of leadership roles to optimize governance and operational efficiency.
The filing does not specify what steps Onar will take next, but the appointment of Anderson is seen as a proactive measure to strengthen its financial oversight during a critical period of expansion. As the advertising services industry continues to evolve, Onar's leadership changes may influence its competitive stance in the market.
For more detailed information, the full text of the Services Agreement is available as an exhibit to the SEC filing, which can be accessed through the SEC's EDGAR database.