Business & Tech
Weston 9-Year-Old Is KIND Snacks' Newest – And Youngest – Shareholder
Alex Múnoz was also named CFO for a day on Tuesday.
WESTON, MA – A Weston third-grader made quite a splash in the business world this week, becoming the youngest shareholder of KIND Snacks. Alex Múnoz was also named the company's CFO for a day on Tuesday after penning a letter to founder and CEO Daniel Lubetzky.
According to CNBC, the 9-year-old asked his mother about investing during a car ride and decided he wanted to invest $500 in KIND because his family buys its snacks. But his plan hit a snag – KIND is a privately held company.
So Múnoz wrote Lubetzky and asked when the company will go public.
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I received this adorable letter from 9 yo Alex Munoz. We'll be welcoming him to the @KINDSnacks HQ today & appointing him "CFO For A Day." pic.twitter.com/kcLLvLpp7G
— Daniel Lubetzky (@danlub) June 19, 2017
Lubetzky, impressed by the young boy's initiative (and taste in snacks), invited Múnoz and his family to KIND's headquarters in New York City and named him chief financial officer for a day. He also gave Múnoz 10 shares of the company.
As CFO for a day, Múnoz weighed in on the future of the company and suggested going public to expand its product line, invest in commercials and increase funding of its charitable projects, according to CNBC.
Find out what's happening in Westonfor free with the latest updates from Patch.
Meet 9 year old Alex Munoz, our CFO For A Day. He's a very bright young man who is also our newest (and youngest!) shareholder at KIND. pic.twitter.com/Kj5ijiT7mX
— Daniel Lubetzky (@danlub) June 19, 2017
Photo: Kind Healthy Snacks [Public domain], via Wikimedia Commons
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