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Board of Directors

  • Oleg Firer

    Executive Chairman and Chief Executive Officer
  • Howard Ash

  • Jon Najarian

  • Jonathan Fichman


Oleg Firer - Executive Chairman and Chief Executive Officer

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).

Jon Najarian - Director

Najarian is a professional investor, money manager and media analyst. He is a co-founder of Investitute, LLC, the industry leading options education firm that recently launched “Crypto Basics,” new educational course which covers the basics of cryptocurrency, blockchain technology, altcoins and Initial Coin Offerings (ICOs). Najarian is also a host of the International ICO Channel, a part of CoinBoost, whose goal is to bridge the divide between blockchain and mainstream media by offering distribution to traditional financial media outlets. In 2016, Najarian and his brother Pete co-founded Najarian Advisors, a company advising institutional investors on options strategies. The brothers invest in and work with start-ups via Rebellion Partners, a venture consulting firm they launched in 2015.

Najarian can be seen weekly on CNBC, where he is a cast member of the “Halftime Report” and the “Fast Money” show. Najarian is also the feature of the “DRJ Report” on CBOE-TV, the exchange’s popular webcast.

Najarian was a linebacker for the Chicago Bears before he focused his attention to trading on the Chicago Board Options Exchange (“CBOE”). He became a member of the CBOE, NYSE, CME and CBOT and worked as a floor trader for 25 years. In 1990, he founded Mercury Trading, a market making firm at the CBOE, which he sold in 2004 to Citadel, one of the world’s largest hedge funds. In 2005, Najarian co-founded optionMONSTER and tradeMONSTER – he negotiated a partnership with General Atlantic Partners in 2014, which then began a roll-up strategy, resulting ultimately in a sale to E*Trade for $750 million in September of 2016. Najarian developed and patented trading applications and algorithms used to identify unusual activity in stock, options, futures and cryptocurrency markets. optionMONSTER, an options news and education site was described by Securities Industry News as “content king of the options business.”

Jonathan Fichman - Director

Since 2013, Fichman has served as a managing director of C-Anax Ventures & Advisory, where he assists early-stage companies with corporate strategy, streamlining operations, and financial analysis. Fichman is also an adjunct professor at Florida International University, where he teaches in the Business School with a focus on international management and entrepreneurship.

From 2005 to 2015, Fichman served as a senior vice president of International Business Strategy & Initiatives at Bank of America Merrill Lynch. From 2003 to 2004, he served as a director of Operations, Procurement and Insurance at the Township of Cherry Hill, New Jersey. From 1999 to 2003, Fichman was a vice president of Strategic Initiatives at Actrade Financial Technologies, where he helped create B2B banking products that were at the forefront of commercial payments. Finally, from 1997 to 1999 he was a Senior Wall Street Analyst.  Fichman received his MBA in Finance and Management from the University of Miami School of Business and Bachelor of Arts in Criminal Justice from the George Washington University.

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
Dec 31, 2018 (10-K)
Apr 02, 2018 (10-K)
Form-10Q View
Sep 30, 2019 (10-Q)
Jun 30, 2019 (10-Q)

SEC Filings

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1 - 5 of 768 items found.
Date Filed Filing Description View
Feb 10, 2020 144/A Wolberg Steven
Feb 07, 2020 8-K Report of unscheduled material events or corporate event
Feb 06, 2020 144 Wolberg Steven
Feb 05, 2020 4 Wolberg Steven
Feb 05, 2020 4 Wolberg Steven
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1 - 5 of 768 items found.

Stock Information

Net Element International, Inc. (NASDAQ: NETE) 11:50 AM on February 18, 2020
Last Price Change Open Day High 52-Week High
3.46 0.08 (2.3%) 3.578 3.69 6.85
Volume Previous Close Day Low 52-Week Low
25,472 3.54 3.44 3.00

Historic Stock Lookup

Date Open High Low Close Volume
Feb 10, 2020 3.37 3.39 3.29 3.33 7,656
Feb 11, 2020 3.36 3.82 3.34 3.62 189,030
Feb 12, 2020 3.60 3.83 3.55 3.61 83,043
Feb 13, 2020 3.53 3.71 3.33 3.52 34,522
Feb 14, 2020 3.47 3.64 3.47 3.54 28,431

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

Events & Presentations

Date Event Details
Nov 15, 2019, 8:30 AM
Third Quarter 2019 Financial Results and Business Update
Aug 15, 2019, 8:30 AM
Second Quarter 2019 Financial Results and Business Update
May 16, 2019, 8:30 AM
Net Element First Quarter 2019 Financial Results and Business Update
Apr 2, 2019, 8:30 AM
Net Element 2018 Financial Results and Business Update
Nov 15, 2018, 8:30 AM
Net Element Third Quarter 2018 Financial Results
Aug 15, 2018, 8:30 AM
Net Element (NETE) Second Quarter and First Half 2018 Financial Results and Business Update
Aug 6, 2018
SeeThruEquity Issues Update
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
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
Aug 13, 2015, 4:30 PM  ET
Second Quarter 2015 Financial Results and Operations Update
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 264 items found.
Date Title and Summary View
Jan 30, 2020 Net Element Releases Letter to Shareholders
CEO highlights milestones in 2019 and focus for the year ahead   MIAMI, FL , Jan. 30, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE --  Net Element, Inc. (NASDAQ:  NETE ) (“ Net Element ” or the “Company”), a global technology and value-added solutions group that supports electronic payments acceptance
Dec 26, 2019 Net Element's Aptito Launches Multi-Restaurant Self Order Kiosk Solution for the Online Food Delivery Industry
The Fast-growing Global Online Food Delivery Industry is Expected to Grow to $200 Billion by 2025 MIAMI, FL , Dec. 26, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Net Element, Inc. (NASDAQ: NETE ) (" Net Element " or the "Company"), a global technology and value-added solutions group that supports
Dec 19, 2019 Net Element Launches Merchant Acquiring Enablement Services for Small and Regional Banks Catering to Fintech Startups
Netevia HQ empowers small and regional banks to provide merchant acquiring and innovative payment services to attract Fintech startups MIAMI, FL , Dec. 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Net Element, Inc. (NASDAQ:  NETE )  (“ Net Element ” or the “Company”), a global technology and
Dec 05, 2019 Net Element Launches Netevia Rewards
Card-linked loyalty rewards program increases merchant’s conversion rates and revenues MIAMI, FL , Dec. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE --  Net Element, Inc. (NASDAQ:  NETE )  (“ Net Element ” or the “Company”), a global technology and value-added solutions group that supports
Nov 18, 2019 NETE: Another Quarter Being Cash Flow Positive
Net Element (NASDAQ:NETE) has been fine tuning its business over the past year, focusing on more profitable business and working to eliminate the cash burn and turn it to a positive to avoid raising capital and to start the process of paying off debt.
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Whistleblower correspondence

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

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