Tungsten Corporation PLC Directorate Change (3510D)
09 October 2018 - 5:00PM
UK Regulatory
TIDMTUNG
RNS Number : 3510D
Tungsten Corporation PLC
09 October 2018
TUNGSTEN CORPORATION PLC
("Tungsten" or the "Company")
For Immediate Release
9 October 2018
Board Changes
Tungsten Corporation plc, a global business transaction network,
announces changes to the directorate of the Company, resulting in
the appointment of Tony Bromovsky as Chairman.
Following the completion of the induction of Tony Bromovsky and
Duncan Goldie-Morrison as non-executive directors, Nick Parker and
Peter Kiernan have informed the Board that they wish to retire as
non-executive directors of the Company with effect from 31 October
2018.
Tony Bromovsky will succeed Nick Parker as Chairman with
immediate effect.
In addition, David Benello will succeed Peter Kiernan as Senior
Independent Director and Duncan Goldie-Morrison will become Chair
of the Audit Committee with effect upon Peter's retirement from the
Company on 31 October 2018.
Nick Parker commented:
"On behalf of the Board, I should like to thank Peter for his
service to Tungsten over several years during which time he has
demonstrated the highest standards of independence, objectivity and
integrity. I should also like to offer Tony and Duncan my best
wishes in their new roles and their efforts on behalf of all
shareholders."
Tony Bromovsky said:
"I should like to echo Nick's comments about Peter, and also to
thank Nick for his significant contributions to Tungsten. I should
particularly like to thank Nick for the constructive welcome he has
afforded Duncan and me since we joined the Board."
Enquiries:
Tungsten Corporation plc
Richard Hurwitz, Chief Executive Officer
David Williams, Chief Financial Officer +44 20 7280 7713
Panmure Gordon (Nominated Advisor)
Dominic Morley +44 20 7886 2500
Canaccord Genuity Limited (Broker)
Simon Bridges/Emma Gabriel +44 20 7523 8000
Montfort Communications
Robert Bailhache [email] +44 20 3770 7908
About Tungsten Corporation plc
Tungsten Corporation (LSE: TUNG) aims to be the world's most
trusted business transaction network by using data intelligently to
strengthen the global supply chain.
Tungsten Network is a secure business transaction network that
brings businesses and their suppliers closer together with unique
technology that revolutionises invoice processing, maximises
efficiency and improves cash flow. Delivering trusted connections
and streamlined transactions, the network also provides users with
real-time spend analysis and offers access to trade finance through
Tungsten Network Finance.
Tungsten Network processes invoices for 74 percent of the FTSE
100 and 71 percent of the Fortune 500. It enables suppliers to
submit tax compliant e-invoices in 48 countries, and last year
processed transactions worth over GBP164bn for organisations such
as Alliance Data, Cargill, Deutsche Lufthansa, General Motors,
GlaxoSmithKline, Mondelēz International, Henkel, IBM, Kellogg's and
the US Federal Government.
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END
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