TAAL Distributed Information Technologies Inc. announced Stefan Matthews has advised the board of directors of the Company that he will be stepping down as Chief Executive Officer effective January 1, 2022. Mr. Matthews will remain as a director and as Executive Chairman of the Board. Succeeding Mr. Matthews as Chief Executive Officer will be Richard Baker. Mr. Baker currently acts as Lead Independent Director and Chairman of the Technology Committee. During his work with the Technology Committee Mr. Baker has gained invaluable insight into the business and operations of the Company and has led development of an overarching business strategy which will be implemented in 2022. Mr. Baker served as Chief Executive Officer to GeoSpock Limited, a Data Analytics software company based in Cambridge U.K., from November 2017 to February 2021. Mr. Baker also currently serves as Chairman and Director of TAB.U.K a Fintech data science company. Prior to this, Mr. Baker co-founded in June 2010 and ran Cleartrade Exchange, a fintech commodities futures exchange, for six years before exiting in 2016 to the European Energy Exchange, a Deutsche Bourse company. The company also announced that Ms. Deborah Rosati has been appointed the new Lead Independent Director in Mr. Baker's place. Ms. Rosati and Mr. Baker became directors of the Company on December 10, 2020.