Proactive Investors - Run By Investors For Investors

Tungsten Corp plans boardroom re-shuffle

The changes follow July’s appointment of Rick Hurwitz as chief executive.
Tungsten Corp plans boardroom re-shuffle
Tungsten has strengthened its board with new appointments.

Tungsten Corp (LON:TUNG) has announced a boardroom reshuffle aimed at bolstering the company’s team of independent directors.

Key among the changes is planned appointment of a new chairman.

Nick Parker, currently chairman of Tungsten Bank, will take over from Arnold Hoevenaars.

David Benello and Ian Wheeler, meanwhile, are being put forward as non-executive directors at the annual meeting later this month.

Benello is a former McKinsey man who is currently a non-exec of Telecom Italia, while Wheeler has 25 years industry experience, including 12 with payment processor Amadeus.

Finally, Lincoln Jopp, currently an executive director, is to retire after the AGM on September 24.

The changes follow July’s appointment of Rick Hurwitz as chief executive.

He told investors: "As we seek to upgrade many aspects of our business, the changes to our board of directors are representative of this transformation.

“Evident of our intent is the experience of our new non-executive directors.

“David and Ian bring substantial technology, financial services and network experience which will be invaluable to the company as it embarks on the next phase of its evolution."


View full TUNG profile View Profile

Tungsten Corp PLC Timeline

February 18 2016
February 09 2016
September 02 2015

Related Articles

Data stream
May 16 2019
The company provides trading and risk management software for the Commodity and Energy markets covering the entire trading operation
November 06 2018
it aims to become one of the leading firms within the health benefits industry in Canada and to launch in the US and globally
Apollo 11
March 04 2019
The online student market especially will be perfectly suited to the immersion and remote aspects of VR

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use