Ambassador Ned L. Siegel has been nominated as the new Chairman of the Board of Medbox Inc (OTCMKTS:MDBX). As per the reports, he has a huge challenge in front of him to tackle the current market competition and sustain the growth position of Medbox.

Insights On The Matter:

Medbox is one of the leading dispensary infrastructure & licensing specialists in the country. It is known for providing patented technology to various companies across the globe. The company has also partnered with various small and large entities active in the cannabis industry. As per the reports, the appointment of Mr. Siegel is a brave step taken by the company at this point. He comes with a massive experience in the same industry and can add value to the firm in the coming days.

Previously, he was appointed as the U.S. Ambassador to the Commonwealth of the Bahamas from October 2007 to January 2009 by none other than the President George W. Bush. He also rendered services under Ambassador John R. Bolton for some time at United Nations in New York. It was one of the brightest moments in his career as he was chosen to serve the U.S. Mission as the Senior Advisor. Along with this responsibility, President also appointed him as the representative to the 61st Session of the United Nations General Assembly.

Prior opting to work as the ambassador, he worked for Overseas Private Investment Corporation as a part of its board of directors. His successful entrepreneurial career spans over 30 years. At present, he is the Chairman of the board of directors of The Siegel Group. It is one of the most sought-after multi-disciplined international business management advisory firms in U.S. Some of the major expertises of the Siegel Group include infrastructure, ports, real estate, energy, technology, utilities and financial services.