Ferroglobe Announces Changes to the Board of Directors
03 June 2020 - 8:00AM
Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe” or “the Company”), a
global, leading producer of silicon metal, and a leading silicon-
and manganese-based specialty alloys producer, today announced
changes to its Board of Directors.
Two of the Company’s seven non-executive
directors, Messrs. Greger Hamilton and Donald Barger, have decided
to step down from the Board of Directors. Mr. Hamilton, who joined
the Board in December 2015, has resigned effective May 31, 2020.
Mr. Barger, who has also been on the Board since its inception in
December 2015, has informed the Company that he does not intend to
seek re-election at the Company’s Annual General Meeting (“AGM”) in
2020 and will step down at the conclusion of that
meeting.
The Board is currently in the process of seeking
and selecting potential candidates for appointment and
nomination.
Mr. Javier López Madrid, Ferroglobe’s Executive
Chairman commented, “With regret, the Board of Directors accepts
the decisions taken by both Greger and Don and expresses its
sincere gratitude for their dedication and service since the
inception of Ferroglobe. Both directors contributed immensely to
the Board and their respective committees and their professionalism
and advice will be missed. On behalf of the Board, we wish them
well in their future endeavours.”
Forward-Looking Statements
This release contains “forward-looking
statements” within the meaning of U.S. securities laws.
Forward-looking statements are not historical facts but are based
on certain assumptions of management and describe the Company’s
future plans, strategies and expectations. Forward-looking
statements often use forward-looking terminology, including words
such as “anticipate”, “believe”, “could”, “estimate”, “expect”,
“forecast”, “guidance”, “intends”, “likely”, “may”, “plan”,
“potential”, “predicts”, “seek”, “will” and words of similar
meaning or the negative thereof.
Forward-looking statements contained in this
press release are based on information currently available to the
Company and assumptions that management believe to be reasonable,
but are inherently uncertain. As a result, Ferroglobe’s actual
results, performance or achievements may differ materially from
those expressed or implied by these forward-looking statements,
which are not guarantees of future performance and involve known
and unknown risks, uncertainties and other factors that are, in
some cases, beyond the Company’s control.
Forward-looking financial information and other
metrics presented herein represent the Company’s goals and are not
intended as guidance or projections for the periods referenced
herein or any future periods.
All information in this press release is as of
the date of its release. Ferroglobe does not undertake any
obligation to update publicly any of the forward-looking statements
contained herein to reflect new information, events or
circumstances arising after the date of this press release. You
should not place undue reliance on any forward-looking statements,
which are made only as of the date of this press release.
About FerroglobeFerroglobe is
one of the world’s leading suppliers of silicon metal, silicon- and
manganese-based specialty alloys, and other ferroalloys serving a
customer base across the globe in dynamic and fast-growing end
markets, such as solar, automotive, consumer products, construction
and energy. The Company is based in London. For more information,
visit http://investor.ferroglobe.com.
CONTACT:Gaurav Mehta, EVP -
Investor Relationsinvestor.relations@ferroglobe.com
Louie Toma Hayden IR - Managing Director +1 774-291-6000
Email: louie@haydenir.com
Ferroglobe (NASDAQ:GSM)
Historical Stock Chart
From Apr 2024 to May 2024
Ferroglobe (NASDAQ:GSM)
Historical Stock Chart
From May 2023 to May 2024