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XCF Global, Inc. (NASDAQ:SAFX) reported a series of executive changes, according to a press release statement and a filing with the Securities and Exchange Commission.
On April 9, the company terminated the employment of William Dale, who had been serving as Chief Financial Officer. The board expressed its appreciation for Mr. Dale’s service as interim CFO.
Also on April 9, Pamela Abowd, Chief Accounting Officer, submitted her resignation, effective April 30, 2026. The board thanked Ms. Abowd for her contributions during her tenure. The company stated that Harvey Schnitzer will assume the CAO responsibilities following Ms. Abowd’s departure.
On April 10, XCF Global appointed Harvey Schnitzer as Chief Financial Officer, effective April 13, 2026. The appointment is pursuant to an agreement with ZRG Interim Solutions, dated December 29, 2025. Under the terms of the services agreement, XCF Global will pay ZRG $12,500 per week.
Mr. Schnitzer, age 67, has held financial and operational leadership roles in public, private, and private-equity–backed companies. Most recently, he served as CFO for Farouk Systems, Inc. from July 2023 to July 2025. His background includes experience in finance, accounting, operations, and consulting. Mr. Schnitzer is a licensed Certified Public Accountant in Maryland and holds an MBA from Loyola College and a bachelor’s degree in accounting.
The company stated there are no other arrangements or understandings related to Mr. Schnitzer’s selection as an officer, and he has no family relationships with any current directors or executive officers. There are no related party transactions requiring disclosure.
XCF Global, Inc. is listed on The Nasdaq Stock Market LLC under the ticker SAFX. The information in this article is based on a press release statement and the company’s SEC filing.
In other recent news, XCF Global, Inc. has reported several notable developments. The company filed its first Annual Report on Form 10-K with the U.S. Securities and Exchange Commission, highlighting its operations at the New Rise Renewables Reno facility, which has a production capacity of 38 million gallons per year. XCF Global has also entered into a binding term sheet with BGN INT US LLC to establish a global distribution and logistics partnership for sustainable aviation fuel and other renewable products. Additionally, the company is collaborating with Axens North America, Inc. to facilitate the deployment of sustainable fuels facilities, leveraging Axens’ Vegan® process technology.
The New Rise Renewables Reno plant conversion is progressing as scheduled, with equipment modifications and catalyst updates underway. In analyst coverage, Roth/MKM initiated coverage of XCF Global with a Neutral rating, noting the company’s strategic shift with the anticipated restart of the Reno refinery in the first quarter of 2026. These developments reflect XCF Global’s ongoing efforts to expand its renewable fuel production and distribution capabilities.
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