Feronia Inc. Announces Management Change
February 19 2014 - 10:26PM
Marketwired
Feronia Inc. Announces Management Change
TORONTO, ONTARIO--(Marketwired - Feb 19, 2014) - Feronia Inc.
("Feronia" or the "Company") (TSX-VENTURE:FRN) today announced that
William (Bill) Dry has resigned as the Company's Chief Executive
Officer and as a director of the Company and its subsidiaries. Mr.
Dry has agreed to act as a consultant to the Company to assist in
the transition of duties.
Ravi Sood, the Executive Chairman of Feronia, will assume the
roles and responsibilities of the Company's Chief Executive Officer
on an interim basis while the Company undergoes a process to
identify a new Chief Executive Officer.
Ravi Sood expressed his gratitude to Mr. Dry stating: "On
behalf of Feronia, the other members of the Board and the
employees, I would like to thank Bill for his service to the
Company. We have all learned and benefitted from his experience,
determination, and incredible passion for the Company, its people,
and all that it stands for. We look forward to working with Bill
during the transition period and wish him the utmost success in his
future endeavours."
Bill Dry commented: "It has been a privilege to work with
Feronia over the past five years and I am incredibly proud of all
that has been achieved.
"Whilst it has been a difficult decision to make, leaving
Feronia is far easier knowing the difference made on the ground in
the DRC and knowing the Company is well on the road to becoming
great again. All that has been achieved is in no small measure down
to the dedication and hard work of the Company's personnel whom I
would like to thank for their unwavering support during my time as
CEO. I wish them all the success in the future."
About Feronia Inc.
- Feronia Inc. is a large-scale commercial farmland and
plantation operator in the Democratic Republic of the Congo
("DRC").
- The Company uses modern agricultural practices to operate and
develop its oil palm plantations and arable farming business
division.
- Feronia believes in the immense agricultural potential of the
DRC for high-quality foodstuffs and edible oils given its ideal
climate, excellent soil and highly skilled and experienced
workforce.
- Feronia's management team is comprised of senior
agriculturalists with extensive experience in managing both
plantations and large-scale mechanized farming operations in
emerging markets.
- Feronia is committed to sustainable agriculture, environmental
protection and providing support for local communities.
- For more information please see http://www.feronia.com
Neither the TSX Venture Exchange nor its regulation services
provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Feronia Inc.Ravi SoodExecutive Chairman+852 9829
8376Ravi.Sood@feronia.comFeronia Inc.Paul DulieuInvestor
Relations+44 (0) 7554 521
421Paul.Dulieu@feronia.comwww.feronia.com
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