Energy and Water Development Corp replaced Chairman Ralph Max Hofmeier, appointed Dale Johnson III and Luis R. Vera Morales, and set a $1,000,000 Qualified Capitalization threshold before either new director receives compensation. The new structure places Irma Velazquez Diaz as chair, Dale Johnson as vice-chair and Luis Vera Morales as lead independent director.

Key Highlights

  • Ralph Max Hofmeier said his resignation followed a dispute with Chief Executive Officer Irma Velazquez Diaz over operations, policies and practices.
  • Hofmeier’s departure from the chair and board did not include his separate Chief Technology Officer role.
  • Neither newly appointed director received securities in connection with the appointments.

Energy and Water Development Corp lost Chairman Ralph Max Hofmeier on August 26, 2026, then filled the board vacancy and added another director within days. Dale Johnson III joined effective August 27, while Luis R. Vera Morales took his seat on August 29.

New Directors Fill Board Vacancy

Hofmeier resigned immediately from his chairmanship and directorship after citing a disagreement with Chief Executive Officer Irma Velazquez Diaz over the company’s operations, policies and practices. His letter alleged unlawful and misleading conduct and fiduciary-duty breaches by Diaz, while Energy and Water Development Corp rejected those allegations and said they had not been established through independent investigation, board determination or adjudication. Hofmeier’s notice covered his board roles only, leaving his separate Chief Technology Officer position unchanged.

Board Titles and Compensation Conditions

None of the titles independently gives unilateral authority to bind Energy and Water Development Corp beyond applicable law, governing documents or a valid board resolution. No securities were granted with either appointment.