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Board of Directors

  • Kenges Rakishev

  • Oleg Firer

    Chief Executive Officer and Director
  • Howard Ash

  • Drew Freeman

  • James Caan


Kenges Rakishev - Chairman

Mr. Rakishev has been a director of the Company and Chairman of the Company’s Board of Directors since October 2, 2012. Mr. Rakishev served as a director of the Company’s predecessor, Net Element, from April 23, 2012 until October 2, 2012. Mr. Rakishev is one of the Forbes Top 15 wealthiest, most influential and progressive business leaders of the Republic of Kazakhstan with significant investments in banking, finance, insurance, information technology, oil & gas, mining, manufacturing and retail business sectors worldwide. Mr. Rakishev is a large shareholder and member of the board of the largest bank in Kazakhstan, Kazkommertsbank (KASE: KKGB), with over US$250 billion in total assets, large shareholder and Chairman of SAT & Company (KASE: SATC), a diversified industrial holding, among his numerous other investments. Throughout his career, Kenges has served in several notable positions in the public sector including Vice-President of the Union of Chambers of Commerce of the Republic of Kazakhstan, Vice-President of The Boxing Association of Republic of Kazakhstan and Vice-President of the Asian Boxing Confederation. Mr. Rakishev holds a B.A. (Law) from the Kazakh State Law Academy and a B.A. (International Economics) from the Kazakh Economic University. Mr. Rakishev also has an AMP Diploma from Oxford University. We believe that Mr. Rakishev’s international business leadership and relationships, combined with his extensive knowledge and unique perspectives of global business opportunities, qualifies him to serve as a Director of the Company.

Oleg Firer - Chief Executive Officer and Director

As Chief Executive Officer at Net Element, Mr. Firer is responsible for the overall vision, strategy and execution of company's mission of powering global commerce. Before taking on his current position, Mr. Firer served as Executive Chairman of Unified Payments and has led the company from its inception until its acquisition by TOT Group in April of 2013. Under his leadership, Unified Payments' revenues grew by 23,646% over 3 year period and the company was ranked as #1 fastest-growing company by Inc. Magazine in 2012. Prior to Unified Payments, Mr. Firer held senior executive positions in private equity, payment processing, wireless communications and technology companies. Mr. Firer was recognized by Forbes as one of the 5 Incredible Enterpreneurs and by Business Leader Magazine as a Top Enterpreneur in South Florida, named by Poder Magazine as one of the Most Influential People in Miami and recognized by Inc. Magazine as the founder of the fastest-growing private company in 2012. Mr. Firer serves as a board member of Net Element, TOT Group's parent company and a member of the Electronic Transactions Association (ETA) Mobile Payments, ISO Practices and Risk, Fraud & Security committees. Mr. Firer supports the initiatives of the Firer Family Charitable Foundation, the charitable family fund focused on helping families and children in need.

Howard Ash - Director

Mr. Ash is an accomplished executive who served as C-level executive for a variety of high profile, international companies, including Israel Export Development Corporation, CITA Americas, BioCard Corp., IEDC Marketing and Abrams, Ash & Associates. In addition, Mr. Ash started an interest-free microloan society in 1987 that has provided more than $15 million in microloans throughout the United States and Israel.

Mr. Ash currently serves as the Chairman of Claridge Management, a private finance company, as well as a member of multiple boards of directors domestically and internationally. In addition, Mr. Ash is the only non-UK citizen serving on the Advisory Board of the E2Exchange, the Institute of Entrepreneurs. Mr. Ash is active with multiple non-for-profit and charitable organizations including One Laptop Per Child and Circle of Life Resource Center, Inc., a food bank in Miami, Florida that feeds several hundred families per week.

Mr. Ash earned a Bachelor of Commerce degree, with Honors in Accounting and Law from the University of Witwatersrand (South Africa) and a Bachelor of Accounting Honors degree from the University of Witwatersrand (South Africa).

Drew Freeman - Director

Mr. Freeman is an accomplished industry veteran with more than 30 years of electronic payments and merchant services industry experience. His experience includes extensive work with agent banks, referral banks, direct sales, software integration, internet sales, dining programs, American Express, Diners Club, Discover Card, JCB and ISO/MSP programs. Mr. Freeman is currently the President of Freeman Consulting, Inc., a payments consulting firm that works with private equity groups and independent sales organizations. Prior to that, Mr. Freeman served as President of Merchant Data Systems from 2009 to 2013, Group Executive at Chase Paymentech from 2006 to 2007, and Executive Vice President at JP Morgan Chase-First Data JV (Chase Merchant Services) from 2000 to 2006.  Mr. Freeman earned a bachelor of business administration degree from the University of Miami.

James Caan - Director

Mr. Caan has been a director of the Company since October 2, 2012.  Mr. Caan served as a director of the Company’s predecessor, Net Element, Inc., from January 1, 2011 until October 2, 2012.  Mr. Caan also has been Chairman of the Advisory Board of Openfilm since October 12, 2009.  Pursuant to Mr. Caan’s advisory agreement with Openfilm, Mr. Zoi and Mr. Kozko are obligated to vote their shares in the Company in favor of Mr. Caan as a director of the Company until December 14, 2013.  Mr. Caan is an actor and director, having worked in the film and television industries for over 40 years, and he is one of the entertainment industry’s most renowned talents, having starred in over 80 films. 

Committee Members

Audit Nominating and Governance Compensation
= Chair
= Member

Corporate Governance

The Board of Directors of Net Element (the "Company") sets high standards for the Company's employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance. It is the duty of the Board of Directors to serve as a prudent fiduciary for shareholders and to oversee the management of the Company's business. To fulfill its responsibilities and to discharge its duty, the Board of Directors follows the procedures and standards that are set forth in these guidelines. These guidelines are subject to modification from time to time as the Board of Directors deems appropriate in the best interests of the Company or as required by applicable laws and regulations.
Corporate Governance Documents View
Code of Ethics and Business Conduct
Audit Committee Charter
Nominating and Corporate Governance Committee Charter
Compensation Committee Charter

Financial Information

Proxy View
Jul 27, 2017 (PRER14A)
Oct 19, 2015 (PRER14A)
Form-10K View
Oct 19, 2017 (10-K/A)
Mar 31, 2017 (10-K)
Form-10Q View
Nov 14, 2017 (10-Q)
Oct 19, 2017 (10-Q/A)

SEC Filings

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1 - 5 of 682 items found.
Date Filed Filing Description View
Feb 15, 2018 4 Caan James
Feb 14, 2018 S-3/A Registration Statement
Jan 16, 2018 4 Rakishev Kenges
Jan 16, 2018 SC 13D/A Amended General Statement of Beneficial Ownership
Jan 16, 2018 S-3/A Registration Statement
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1 - 5 of 682 items found.

Stock Information

Net Element International, Inc. (NASDAQ: NETE) 4:00 PM on February 23, 2018
Last Price Change Open Day High 52-Week High
5.99 0.08 (1.318%) 6.170 6.17 33.51
Volume Previous Close Day Low 52-Week Low
68,289 6.07 5.93 2.56

Historic Stock Lookup

Date Open High Low Close Volume
Feb 20, 2018 6.49 6.80 6.33 6.51 104,789
Feb 21, 2018 6.53 6.55 6.04 6.32 120,465
Feb 22, 2018 6.34 6.38 6.00 6.07 85,488

Year End Stock Prices

The historical stock information provided is for informational purposes only and is not intended for trading purposes. The historical stock information is provided by Yahoo, a third party service, and Net Element, Inc. does not maintain or provide information directly to this service. Prices display split-adjusted cost basis per share on that date.

Events & Presentations


Date Event Details
Nov 21, 2017
Zacks Small Cap Research has published a new analyst note commenting on NETE third quarter results and projections going forward
Aug 15, 2017, 8:30 AM
Net Element Second Quarter 2017 Financial Results
Apr 3, 2017, 8:30 AM
Conference Call for 2016 Financial Results
Aug 16, 2016, 4:30 PM
Business and Shareholder update
May 24, 2016, 4:30 PM  ET
Business and Shareholder update
 Featured Event
Mar 31, 2016, 4:30 PM  ET
2015 Annual Financial Results
Feb 22, 2016
Net Element to Present at the SeeThruEquity & The Brewer Group 2nd Annual Innovations Investor Conference at the Ritz in South Beach
Sep 22, 2015
NETE: Management Buys Stock to Fund Working Capital While Debt is Renegotiated
 Featured Event
Aug 13, 2015, 4:30 PM  ET
Second Quarter 2015 Financial Results and Operations Update
 Featured Event
View Additional Information
Net Element will host a webcast and conference call to discuss its second quarter 2015 financial results and business outlook today at 4:30 p.m. Eastern Time. Participating will be Net Element chief executive officer Oleg Firer and chief financial officer Jonathan New, both of whom will discuss operational and financial highlights. This call will contain forward-looking statements and other material information regarding the Company’s financial and operating results.
To access the conference call, listeners should contact the Conference Call Operator at +1 (877) 303-9858 within North America or +1 (408) 337-0139 outside of North America approximately five to ten minutes prior to the start of the call, and giving the access code: 13221340 or via webcaste available at: http://edge.media-server.com/m/p/mh99jck7. An archive of the call will also be available on Net Element’s website at: http://www.netelement.com/en/ir
Aug 6, 2015
NETE: Raising Revenues With the Addition of PayOnline
May 28, 2015, 1:30 PM  ET
SeeThru Equity 4th Annual Microcap Investor Conference
Location: Convene Grand Central, 101 Park Ave, New York, NY
May 28, 2015, 11:00 AM  ET
2015 Marcum MicroCap Conference
Location: Grand Hyatt, 109 E 42nd St, New York, NY
May 18, 2015, 2:30 PM  ET
First Quarter 2015 Financial Results and Operations Update
Mar 31, 2015, 2:30 PM  ET
Fourth Quarter 2014 Financial Results and Operations Update
Jan 20, 2015, 2:00 PM  ET
Net Element to Present at Noble Financial Capital Markets 11th Annual Equity Conference
Nov 17, 2014, 4:30 PM  ET
Third Quarter 2014 Financial Results and Operations Update
Sep 11, 2014, 2:00 PM  ET
SeeThruEquity Microcap Investor Conference
Speaker: Jonathan New, CFO
Location: Convene Times Square
View Additional Information
810 Seventh Avenue
New York, NY 10019
Contact: Ajay Tandon
Jul 21, 2014
SeeThruEquity Initiates Research Coverage on Net Element, Inc.
View Additional Information

SeeThru Equity Initiates Research Coverage on Net Element, Inc. with Target Price of $3.47 Per Share

May 16, 2014, 9:00 AM  ET
First Quarter 2014 Financial Results and Operations Update
Apr 22, 2014, 4:30 PM  ET
2013 Financial Results and Operations Update
Aug 22, 2013
First Quarter Conference Call for Period ending June 30, 2013

Press Releases

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1 - 5 of 207 items found.
Date Title and Summary View
Feb 21, 2018 Net Element Joins the Enterprise Ethereum Alliance
Prestigious Enterprise Ethereum Alliance welcomes Net Element to its network of innovative companies  MIAMI, FL, Feb. 21, 2018 (GLOBE NEWSWIRE) -- Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a global technology and value-added solutions group, today announces that it has...
Feb 07, 2018 Net Element Launches Future-Ready Multi-channel Payments Platform, Netevia
Netevia to provide same business-day settlement and funding for merchants MIAMI, FL, Feb. 07, 2018 (GLOBE NEWSWIRE) -- Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a global technology and value-added solutions group, today launched its newest multi-channel payments pl...
Jan 24, 2018 Net Element Releases Letter to Shareholders
Strongest balance sheet in the company's history to support organic growth and blockchain developments MIAMI, FL, Jan. 24, 2018 (GLOBE NEWSWIRE) -- Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a global technology and value-added solutions group that supports electronic pay...
Jan 02, 2018 Net Element Announces $7.55 Million Institutional Investment to Support Blockchain-Focused Developments and Continued Growth
New York-Based Family Office Purchases Restricted Common Stock and Warrants at Premium to Market MIAMI, FL , Jan. 02, 2018 (GLOBE NEWSWIRE) -- Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a global financial technology and value-added solutions group that suppor...
Dec 20, 2017 Net Element Launches Business Unit Focused on Blockchain Technology
MIAMI, FL, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Net Element, Inc. (NASDAQ: NETE) ("Net Element" or the "Company"), a global financial technology and value-added solutions group that supports electronic payments acceptance in an omni-channel environment spanning across point-of-sale (POS), e-commerc...
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Whistleblower correspondence

Howard Ash
400 Arthur Godfrey Road; Suite 506
Miami Beach, FL 33140

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