EcoloCap Solutions Inc. announced that effective June 1, 2017, James Kwak will replace Michael Siegel as new president and chief executive officer. Mr. Siegel will remain a member of board of directors and will assume a new role as chief technology officer. Mr. Kwak is currently chief operating officer and will continue in that position as well as assuming the positions of president and chief executive officer.

As chief operating officer, Mr. Kwak is responsible for creating new business opportunities, nurturing relationships along with pitching technologies domestically and globally. He also is the president of a growing start up Internet Business company that specializes in Web Apps, SEO, and Web development that focuses on plastic surgeons and other high end businesses. From 2007 to 2014, James built a book of business for the electronics division of Hanscom K. He most recently licensed and sold this book of business to a competitor in 2015.