International Gold Resources: Recruits Ex-Newmont Mining Executive as their New Controller
May 02 2007 - 12:49PM
Business Wire
International Gold Resources Inc. ("IGR") (Pink Sheets:IGRU) is
pleased to announce that Rodolfo Michels has become its new Company
Controller after 12 years at Newmont Mining Corporation. Rodolfo
�Mike� Michels has assumed the duties of Controller. His
responsibilities encompass all areas of the company's financial
management, corporate budget, accounts receivable, accounts
payable, and human resources. Michels Experiences at Newmont Mining
Corporation: Director - Project Accounting (2005 to 2007) �
Director - Operations Accounting (2004 - 2005) �Director of
Administration and Business Manager for Mineral � Yanacocha,
Catamaran, Peru. (2000 - 2004) �Financial Controller (1995 - 2000)
for the Zarafshan-Newmont Joint �Venture, a 400 thousand once per
year heap leach operation in Central �Asia Michels earned his BS in
Business Administration, from Seton Hall University. "We are
thrilled to have someone with Mike's expertise join IGR," says Tim
Acton, CEO of the company. "Our potential for growth over the next
few years is becoming nothing short of phenomenal. It has made us
realize that IGR needs someone with Mike's talents & background
to join our core management team. With Mike now firmly in place
concentrating on IGR's financial health, I can now fully
concentrate all my energies executing and achieving our goals,
enhancing shareholder value and executing our vision." Coming from
a large corporate environment like Newmont Mining, Mike found the
entrepreneurial spirit of IGR particularly refreshing &
intriguing. "That was a major draw for me," says Michels. "Both the
company's potential for growth and success, especially over the
next few years, as well as its business philosophy, were important
factors in my decision to accept this position. As we move to the
next level, I'll be responsible for initiating a more traditional
budget process. We will be revising cash management and accounts
payable, assuring a more efficient cash flow, which is the bottom
line for any company." CEO Tim Acton goes on to say that, �We have
now filled one more truly crucial key position allowing us to stay
on track achieving our vision & feel extremely fortunate to
have some one with Mr. Michels work history & track record
spear heading these efforts.� About International Gold Resources,
Inc. The vision of International Gold Resources Inc. is to generate
favorable shareholder returns by exploring and developing mining
properties in North and South Americas. The statements in the press
release that relate to the company's expectations with regard to
the future impact on the company's results from new products or
actions in development are forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995.
The statements in this document may also contain "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Since this information may contain statements that involve risk and
uncertainties and are subject to change at any time, the company's
actual results may differ materially from expected results.
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