XCF Global, Inc. (NASDAQ: SAFX) named William Dale as its new Chief Financial Officer, effective January 12, 2026. Dale brings more than 25 years of experience in capital management, finance, and operations across the energy and infrastructure sectors, and will replace Simon Oxley, who is transitioning to a consultant role to preserve continuity.
The company’s financial statements reveal significant liquidity pressure, with a current ratio of 0.0 and a working‑capital deficit exceeding $236 million as of September 30, 2025. These figures underscore the urgency of the new CFO’s mandate to secure additional financing and improve cash flow management.
XCF Global is pursuing a multi‑phase expansion of its sustainable aviation fuel (SAF) and renewable fuel platform. The flagship New Rise Reno 2 facility is slated to add 38 million gallons of annual capacity, and the company is exploring additional sites in Nevada, North Carolina, and Florida. Bank of America has been engaged to structure potential debt financing, and a non‑binding memorandum of understanding with BGN INT US LLC outlines a global distribution and offtake framework.
CEO Chris Cooper said, “We are delighted to welcome William to XCF. He brings a strong background in operational finance, capital formation, public company reporting, and accounting, and will help us navigate the capital needs of our expansion while maintaining disciplined financial stewardship.” He added that the company is evaluating a range of financing options to support the New Rise Reno 2 project and advance its mission to decarbonize aviation.
Investor sentiment has been mixed. The CFO appointment was viewed positively as a step toward stronger financial leadership, but concerns about the company’s ability to secure financing and its current liquidity position have tempered enthusiasm. The market reaction reflects the tension between optimism for growth and caution over financial stability.
Insider Randy Soule sold more than $200,000 of XCF shares between January 8 and January 12, 2026, a move that may signal confidence in the company’s long‑term prospects despite short‑term liquidity challenges.
The appointment of William Dale places a seasoned finance executive at the helm of a company that must balance aggressive expansion with urgent liquidity management. His experience in capital markets and operational finance will be critical to securing the debt and equity resources needed to bring the New Rise Reno 2 facility online and to support the broader SAF and renewable fuel strategy.
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