Brain State Technologies® and Cereset® Announces Promotion of Russell Scholl to President and Chief Financial Officer

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The company’s CFO has been instrumental to the company’s success.

Today, Brain State Technologies (BST) and Cereset announced the promotion of Mr. Russell Scholl to the position of President and Chief Financial Officer effective immediately. Mr. Scholl has served as the company’s CFO since 2015, and his financial and operational leadership has been instrumental to the company’s success. In his expanded role, Mr. Scholl will be at the forefront of the company’s strategic initiatives.

Mr. Scholl is an accomplished business veteran with over 30 years of financial, investment, and M&A experience in entrepreneurial high-growth companies. Prior to joining BST, Mr. Scholl served as CFO for four other companies. Under his financial management, one tripled its revenue to over $40M in three years resulting in its acquisition by an industry leader. Prior to negotiating that deal, Mr. Scholl supervised the sale of a company division to a prominent public aerospace company. Mr. Scholl’s educational credentials include an MBA in finance from the University of Maryland.

In addition to his broader role at BST, Mr. Scholl is slated to become a member of the company’s Board of Directors, pending shareholder approval. Mr. Lee Gerdes, Founder and CEO, will focus solely on technology development and research allowing the company to move robustly with its new product offering to support neuromodulation for a number of different issues involving brain-driven human wellbeing.

About Cereset - Cereset is a wellness company that helps clients relax their brains to manage stress, restore hope and achieve restful sleep through its patented BrainEcho® neuromodulation technology. Cereset empowers the brain to reset itself as it hears and “sees” its own reflection. The global technology leader in non-invasive brain self-restoration and optimization, Cereset enables the brain to fully relax and naturally rebalance itself from the inside out. There is no outside intervention, stimulus, or medication of any kind – the brain does its own work while the client naps or relaxes quietly in a comfortable chair. Over the past 15 years, Brain State Technologies & Cereset has licensed its advanced technology to over 200 centers in more than 18 countries to successfully empower more than 150,000 clients in North America and Europe. To schedule an appointment at a Cereset client center or to learn more, visit cereset.com To learn more about Cereset Research, visit cereset.com/research

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Lee Gerdes, CEO
Cereset®
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