EXECUTIVE CHANGES: Fresnillo chair steps down; Airtel Africa picks CEO
Thu, 29th Apr 2021 16:52
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:
Fresnillo PLC - gold and silver miner in Mexico - Alberto Bailleres steps down as chair and from board, effective immediately, but will remain as honorary president of Fresnillo. Alberto Bailleres, who is 89 years old, holds a 74.99% stake in Fresnillo, according to Morningstar. He will be replaced by Alejandro Bailleres, who is 60 and currently deputy chair. Fresnillo also proposes to add Hector Rangel as independent non-executive director and Eduardo Cepeda as non-executive director, both from the annual general meeting on June 24. Rangel is president of BCP Securities Mexico, a joint venture with US investment bank BCP Securities LLC. Cepeda was president & senior country officer at JP Morgan Chase & Co, based in Mexic
Thu, 29th Apr 2021 16:52
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:
Fresnillo PLC - gold and silver miner in Mexico - Alberto Bailleres steps down as chair and from board, effective immediately, but will remain as honorary president of Fresnillo. Alberto Bailleres, who is 89 years old, holds a 74.99% stake in Fresnillo, according to Morningstar. He will be replaced by Alejandro Bailleres, who is 60 and currently deputy chair. Fresnillo also proposes to add Hector Rangel as independent non-executive director and Eduardo Cepeda as non-executive director, both from the annual general meeting on June 24. Rangel is president of BCP Securities Mexico, a joint venture with US investment bank BCP Securities LLC. Cepeda was president & senior country officer at JP Morgan Chase & Co, based in Mexico City from 1993 to 2019. His an adviser to the BAL Group, so won t be c
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XP Power Names Oskar Zahn CFO, Effective May 4
LONDON (dpa-AFX) - XP Power Ltd. (XPP.L), a manufacturer of critical power control components, announced Thursday the appointment of Oskar Zahn as Chief Financial Officer with effect from May 4.
He will be appointed as an Executive Director of the Board at the next Board meeting currently scheduled for May 20.
Zahn succeeds Gavin Griggs following his appointment as Chief Executive Officer on January 1.
Johan Olivier, Acting CFO over the last four months, will continue in his role of Group Finance Director.
Most recently, Zahn was CFO at Scapa Group plc, a manufacturer to the Healthcare and Industrial markets, from 2018 until its acquisition by SWM International, Inc. earlier this year.
an indirectly wholly-owned subsidiary of Schweitzer-Mauduit International, Inc. to be effected by means of a scheme of arrangement under Part 26 of the Companies Act 2006 On 27 January 2021, the boards of Scapa Group PLC ( Scapa ) and AMS Holdco 2 Limited ( SWM Bidco ), an indirectly wholly-owned subsidiary of Schweitzer-Mauduit International, Inc ( SWM ) jointly announced that they had reached agreement on the terms of a recommended cash offer pursuant to which SWM Bidco would acquire the entire issued and to be issued share capital of Scapa (the Offer ). On 8 March 2021 the boards of Scapa and SWM Bidco announced the agreement on the terms of a revised recommended cash offer increasing the offer price from 210 to 215 pence per Scapa Share (the Revised Offer ) to be implemented by way of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the Scheme ).