JFB Construction Holdings Announces Board Changes

JFB Construction Holdings (JFB) announced changes to its Board of Directors on February 17, 2026. Bjarne Borg resigned from his position as a director and withdrew from all board committees, effective February 13, 2026. Simultaneously, the board appointed Stefan Passantino as a new independent director.

Bjarne Borg’s Resignation

According to a report filed with the U.S. Securities and Exchange Commission, Borg’s resignation was not the result of any disagreement with the company’s management, operations, policies, or practices [SEC Filing]. JFB Construction Holdings expressed its gratitude for Borg’s service and contributions to the company.

Stefan Passantino’s Appointment

Following a recommendation from the Nominating and Corporate Governance Committee, Stefan Passantino was appointed to the Board of Directors on February 13, 2026 [Tipranks]. He will serve on the Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee. Passantino has also been appointed as Chairman of the Compensation Committee.

Independent Director Status

The Board of Directors has confirmed that Passantino meets the independence standards required by Nasdaq listing rules [MarketWatch]. The Board believes his background and experience will contribute to the company’s continued growth and success.

Compensation and Related Party Transactions

Passantino has no family ties to any current officers or directors of JFB Construction Holdings and is not required to disclose any related party transactions. His compensation will be in the form of stock, consistent with the terms offered to other independent directors for their service on the Board and its committees.

Leadership Confirmation

Joseph F. Basile, III, Chief Executive Officer of JFB Construction Holdings, signed the report confirming these changes on February 17, 2026 [SEC Filing].