TEN Holdings announced that Chief Financial Officer Virgilio Torres has stepped down from his financial and accounting officer roles, effective September 30, 2026. The departure was mutually agreed upon with the Board of Directors to allow Torres to concentrate on his responsibilities as Chief Executive Officer; the company stated there were no disagreements regarding operations or policies. The Board appointed Ian Lawson, a Managing Director at Everest Advisors LLC, as Interim Chief Financial Officer and principal accounting officer. Lawson will provide these services under a consulting agreement with Everest for $4,000 per month plus reimbursed expenses. TEN Holdings operates in the automotive aftermarket industry.
