|
MBMI Reports On Annual General Meeting, Board Of Directors And Management
Changes
MBMI
RESOURCES INC. ("MBMI" or the "Company") (TSX-V: MBR) reports that pursuant to the Annual General and
Special Meeting of Shareholders (collectively, the "AGM") held
on July 29, 2011, shareholders voted in favour
of all management resolutions proposed in the Management Information
Circular. Prior to the AGM, Hermes Dichosa
withdrew his director nomination. The six members elected to the Board of
Directors (the "Board") included: Michael T. Mason, John F.
Cook, Joseph Chan, Sam Y.C. Kwan, Grant B. Walsh and Christopher A. Serin.
Subsequent to the AGM, a Board of Directors meeting was held at which
Grant B. Walsh was elected as Chairman of the Board of Directors. Michael
T. Mason and Christopher A. Serin announced
their resignations as members of the Board. They were thanked by the
Board for their service.
Ning Yat Hoi of Hong
Kong was elected by the Board to fill a term until the next Annual
General Meeting. Mr. Ning is already a shareholder
of the Company.
The Board then appointed Mr. John H. Wong as President and Chief
Executive Officer. Mr. Stephen M. Gledhill and Ms. Leslie Haddow will continue as Chief Financial Officer and
Corporate Secretary, respectively.
The Board appointed to the Audit Committee Sam Y.C. Kwan as Chairman,
Joseph Chan and Grant B. Walsh; and to the Compensation Committee Grant
B. Walsh as Chairman, John F. Cook and Sam Y.C. Kwan. The Governance
Committee will be comprised of the Board as a whole.
The Board appointments are subject to regulatory acceptance.
Grant B. Walsh, MBA, C.Dir., Chairman
Grant B. Walsh is a Chairman, Corporate Director, and C.E.O. with over
thirty years experience in a variety of
industries in the United States and Canada.
Mr. Walsh is the Chairman of four companies: Canada Lands Company Ltd. (a
Canadian Crown Corporation), Medifocus Inc. (a
TSX and OTCBB company), Walsh Delta Group Inc. (a private corporation)
and now MBMI Resources Inc. He is also a member of the Boards of Cleveland
Clinic Canada, Toronto, ON; and Yinfu Gold
Corporation, Hong Kong.
Previously, Walsh was Executive-in-Residence and Adjunct Professor at the
DeGroote School of Business of McMaster
University, Hamilton, Ontario.
Mr. Walsh has been an executive / CEO of a number of international
organizations; public and private; for-profit and not-for-profit; U.S.
and Canadian companies. He has consulted internationally on issues
related to governance, strategy, leadership and
performance improvement.
In addition to CEO roles, Mr. Walsh was Executive Vice President of the
ServiceMaster Company, Downer's Grove, IL where
he was accountable for $550 million in revenue, 30,000 employees, 10,000
properties, and 25,000 acres of maintained lands in 44 states and Canada.
Asset value under his leadership exceeded $30 billion. ServiceMaster was
a Fortune 500, New York Stock Exchange company with $7.4 billion in
revenue.
Grant B. Walsh holds a Master of Business Administration degree in
finance from Southern Illinois University and a designation as a
Chartered Director from McMaster University and the Conference Board of
Canada. He is a member of the Institute of Corporate Directors and the
Alternative Dispute Resolution Institute of Canada.
John H. Wong, BBA, MBA, FCSI, CIM, President and Chief Executive
Officer
Mr. John H. Wong holds a Bachelor's degree in
Finance and a Master of Business Administration. Mr. Wong has accumulated
over twenty years of international experience in diversified investment
projects in Europe, America, Asia and Africa. He has been involved in
feasibility studies, management, marketing and financial control in
various industries and his diverse worldwide investment experience
strengthens his global view and analytical abilities. Mr. Wong is a
director of the TSX-V listed company Kam & Ronson Media Group Inc., President of SinoCan Capital Inc. and CEO of Horwath
Leebosh Global Advisors Inc., the Asia Pacific
corporate finance division of Horwath Leebosh Appel LLP, which
provides financial advisory services to Chinese, Hong Kong and other
Pacific Rim entities.
Sam Y. C. Kwan, CA, CPA, Director
Mr. Sam Y.C. Kwan has more than twelve years financial experience in
external audit, taxation, accounting and corporate finance. He has
experience in international business and has been involved in foreign
exchange risk management and hedging strategy implementation. Mr. Kwan is
a Chartered Accountant who has practiced at major accounting firms, most
recently at BDO Dunwoody LLP. Mr. Kwan is the President of Horwath Leebosh Global
Advisors, Inc. and Audit Committee Chairman of Kam
and Ronson Media Group Inc.
Ning Yat
Hoi, Director
Mr. Ning Yat Hoi is
the Director of the Nonferrous Metals Society of China, a technological
organization of scientists and technologists engaged in the nonferrous
metals industry. He is also the Chairman of Hoi Mor
Industrial (Group) Ltd., a privately owned mining firm which specializes
in the metals and mining industry.
ON BEHALF OF THE BOARD OF DIRECTORS
"John H.
Wong"
President and C.E.O.
|