Sinda CFO Departs; Interim CFO Named and Board Expanded to Nine
SIND sits 32% above its 52-week low of $10.031.
Summary
Sinda's CFO stepped down October 13 and VP of Finance Scott Cole took over as Interim CFO, while the board added Mexican litigation lawyer Alberto C. Zinser as a ninth director. The CFO exit follows an August 14 disclosure of a material weakness in internal controls and a change in Principal Executive Officer.
Key Events · Executive and Board Changes · SIND
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CFO Departs Effective October 13
Luis Barreto ceased serving as Chief Financial Officer on October 13, 2026; the company states the departure is not related to any disagreement over its financial statements, operations, policies, or practices.
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Interim CFO Appointed From Within
Scott Cole, currently VP of Finance and principal accounting officer, was named Interim CFO and principal financial officer, and will hold both roles concurrently. Cole has 30+ years in mining and metals finance, including treasury roles at ASARCO and finance leadership at Jervois Global.
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Board Expanded to Nine Members
On October 12, 2026 the board was increased to nine members and Alberto C. Zinser, a founding partner of Mexico City law firm Zinser, Esponda & Gomez Mont, was appointed as a director. He has not been assigned to any committee and will receive standard non-employee director compensation.
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Follows August Controls Weakness Disclosure
The CFO change comes about two months after the August 14, 2026 10-Q, which disclosed a material weakness in internal controls and a change in Principal Executive Officer, alongside a $16.6M Q2 net loss.
Analysis · SIND · Energy & Transportation
Sinda lost its CFO, Luis Barreto, effective October 13, 2026, and named Scott Cole — its VP of Finance and principal accounting officer — as Interim CFO. The company says the departure is not tied to any disagreement over financial statements, operations, or policies, but it lands roughly two months after the company disclosed a material weakness in internal controls and a change in Principal Executive Officer in its August 14, 2026 10-Q. That sequence — a controls weakness, a CEO change, and now a CFO exit — puts a heavier burden on the finance function at a company that reported a $16.6M Q2 loss and is funding an exploration program in Guanajuato, Mexico. Separately, the board added Alberto C. Zinser, a Mexican white-collar defense and litigation lawyer, expanding to nine members; his cross-border legal and risk background is relevant to a company whose sole asset base sits in Mexico.
How filings like this one have moved
In the 30 days to Nov 1, 2026, 32.4% of the 1987 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, SIND was trading at $13.24 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $10.03 to $18.95. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.