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Internet of Things new CEO Ron Shuttleworth details the company's updated focus

Internet of Things Inc (CVE:ITT) (OTCMKTS:INOFT) CEO Ron Shuttleworth, who will replace former CEO Michael Frank, tells Proactive Investors his strategy for the company going forward.

Frank is stepping down from the helm to pursue other business opportunities.

Shuttleworth says he aims to focus less on early-stage companies and more on finding companies that have a history of operations, revenue, earnings, and a management team interested in succession. He adds he will also be looking for companies that are data-driven.

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