aims for swift appointment after latest director exit looks for new director after Amer Rustom exit
Image: Shutterstock is on the search for a new director after the departure of Amer Rustom, who vacated her role last week.

Rustom only joined the firm as an independent director in October, adding to the ranks alongside Vladimir Klechtchev.

However, Rustom handed in her resignation on November 23 and, on December 7, it was accepted on behalf of by Chairman Matthew McGahan.

Subsequently, the Board has announced plans to appoint a replacement “within the next few weeks”.

Rustom’s exit is the latest in a long line for the embattled firm this year, which has endured arguably the most turbulent period in its history.

Issues started to arise from the $30m overstating of its available unrestricted cash balance, which was followed by the resignation of CEO Tony DiMatteo in July.

Shortly after, it was reported that the company was $425,000 behind on the payroll and was beginning to furlough employees.

DiMatteo was quickly followed out of the exit door by Lisa Borders, Steven Cohen and William Thompson. has also come under pressure from Nasdaq, which recently handed its latest compliance warning down after the firm failed to file its quarterly report again.

In more positive news, though, subsidiary recently entered into partnerships with Data Sports Group and Saudi Motorsport Company.