Phantom Fiber Corp. announced that effective immediately, Kevin H. Kading will step down as President/CEO and Chairman of the Board for personal health reasons. Mikhail Geller has been appointed as interim President/CEO of the company.

Mr. Kading has stated that he will work closely with the new President in connection with the transition. Further the company has elected Mr. Luther H. Hodges Jr. to the PHFB Board of Directors. Mr. Hodges is currently an owner/manager of Santa Fe Hospitality and the Hotel Santa; Moreover he manages two closely held investment partnerships.

He is a director of Homeowners of America Insurance Corporation Dallas. He was chairman of Washington Bancorp the parent company of National Bank of Washington. Mr. Hodges served in various management positions at the North Carolina National Bank and was Chairman of the Board.