XTM Inc. (OTCQB: XTMIF | CSE: PAID), a fintech company delivering instant payout solutions for employees and gig workers, today announced changes to its Board of Directors, including the appointment of Keith Nugara as a Board Member and Board Advisor.
The Company also announced the departure of Olga Balanovskaya, the company’s former Chief Financial Officer and long-standing contributor to XTM through multiple stages of its growth. XTM extends its sincere gratitude to Ms. Balanovskaya for her leadership and meaningful contributions, and wishes her continued success in her future endeavors.
Keith Nugara brings more than 30 years of executive leadership experience across payments, financial services, and enterprise technology. His career includes senior roles such as Vice President, Global Business Development at TELUS Health, Senior Vice President at Dye & Durham, and Senior Vice President, TELUS Health and Financial Solutions, reflecting deep expertise across highly regulated industries.
Mr. Nugara, also on the Board of Directors of Everyday Payments, has also played strategic roles within Canada’s payments ecosystem, including involvement with Interac, VISA Canada and other fintech and industry bodies. This experience positions him to provide valuable oversight and guidance on enterprise growth, financial innovation, governance, and regulatory scaling, all of which are critical as XTM expands enterprise partnerships across hospitality and retail.
“Keith’s longstanding leadership within Canada’s financial services ecosystem brings both credibility and strategic depth to XTM,” said Marilyn Schaffer, CEO of XTM Inc. “We are pleased to welcome him to the Board and to benefit from his counsel as we deepen enterprise relationships and advance our growth strategy.”
In his dual role as Board Member and Board Advisor, Mr. Nugara will work closely with the Board of Directors and executive team to support enterprise sales strategy, network expansion, investor relations, and the continued strengthening of XTM’s governance and financial infrastructure.
“XTM is at an important inflection point, addressing real operational and financial challenges faced by employers and workers,” said Keith Nugara. “I am honored to join the Board and support the Company as it accelerates growth while maintaining strong governance and regulatory discipline.”
