On April 9, 2014, the BeesFree, Inc. appointed Joseph Fasciglione, interim Chief Financial Officer of the company, to serve as interim President and Chief Executive Officer of the company pending the company's selection of a successor to serve as President and Chief Executive Officer. Mr. Fasciglione will continue to maintain his position as interim Chief Financial Officer, a position he has held since April 17, 2013, at his current level of compensation. Mr. Fasciglione is a seasoned professional with financial and management experience in a variety of growth oriented organizations from large public entities to private companies.

Prior to joining BeesFree at its inception, Mr. Fasciglione served as Corporate Controller for New Generations Biofuels Holdings, Inc. from 2008 to 2011.