The appointment follows Greenwave’s entry into a scope of work agreement with Mack Financial Solutions in January. Under the terms of the deal, Mack is tasked with providing professional oversight for all bookkeeping and financial reporting duties. Chelsea Pullano, who co-founded Mack in May 2023, will fulfill the CFO role on a part-time basis while continuing to serve as Mack’s partner and chief executive.

Terms of the Strategic Agreement

According to the company, the financial arrangement involves a multi-tier payment structure for the outsourced services. Greenwave will pay Mack a monthly fee of $7,500 specifically for CFO-related duties. The total monthly compensation for the full suite of Mack’s professional services will reach an aggregate of $12,500.

Pullano’s transition into the executive role remains subject to formal appointment by the board. This move integrates specialized external financial management into Greenwave’s operations as the company streamlines its reporting and administrative functions.