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Tungsten Corporation’s Truell explains decision to step down as CEO

Edi Truell of Tungsten Corporation (LON:TUNG) discusses why he is moving to the newly-created role of vice chairman, allowing Rick Hurwitz to take the reins as chief executive. In a pre-close trading statement today, the electronic invoicing and financing group revealed performance topped expectations in the second half of its financial year. This was accompanied by news of Truell’s new role. Truell says its new analytics tool is proving popular, adding that it is pleasing more and more buyers are g

“Metal Tiger has made more than five times that of its total investment and still holds a significant, albeit not notifiable, number of shares in New World,” said chief executive Cameron Parry.

Edi Truell of Tungsten Corporation (LON:TUNG) discusses why he is moving to the newly-created role of vice chairman, allowing Rick Hurwitz to take the reins as chief executive.

In a pre-close trading statement today, the electronic invoicing and financing group revealed performance topped expectations in the second half of its financial year. This was accompanied by news of Truell’s new role.

Truell says its new analytics tool is proving popular, adding that it is pleasing more and more buyers are giving the company worldwide access to their suppliers.

Quick facts: Tungsten Corp PLC

Price: 43.136 GBX

AIM:TUNG
Market: AIM
Market Cap: £54.39 m
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