Daniel Lubetzky, founder of Kind Snacks, is set to join the panel as the first new full-time shark on 'Shark Tank' in over a decade, following his role as a guest investor from Seasons 11 to 15. The announcement, made by ABC, marks a significant change as longtime shark Mark Cuban prepares to exit the show after Season 16 premieres on October 18. Lubetzky expressed his excitement about the opportunity to partner with aspiring entrepreneurs and contribute to the show's mission of promoting the American dream. Executive producer Clay Newbill praised Lubetzky's credentials and passion for helping other business owners. The upcoming season will also feature guest sharks including Todd Graves and Jamie Kern Lima, maintaining the show's legacy of fostering entrepreneurial innovation. Lubetzky's investment experience includes backing various successful startups, enhancing the panel's diversity and expertise.