iWallet Corporation (OTCQB: IWAL), the secure luxury techcessories company, has named Jack Chadsey as its new CEO.
Chadsey replaces Steve Cabouli, who will continue to serve as President and a member of the Board of Directors.
Chadsey’s retail career includes senior executive positions with premier retailers, including May Department Stores Company, Kohl’s, Dayton Hudson, Target and Sunglass Hut International where as President and CEO, he led the company through an IPO and a major international expansion strategy. Since leaving Sunglass Hut, Chadsey has been involved in the private retail sector providing equity capital, board representation and operating management expertise to specialty retailers.
The iWallet expects to usher in a new generation of smart techcessories that leverage the latest technology, such as a biometric fingerprint readers, to not only act as a vault to protect cash, credit cards and personal information, but also as a fashion statement. A registered trademark in the United States for wallets and wallets connected to smartphones, with worldwide patents, iWallet is focused on the design and development of physical, yet innovative personal, luxury security products that incorporate the latest security and communication technologies to protect against identity, personal and financial information theft.