W Resources PLC Non-Executive Director Appointments (9335A)
September 17 2018 - 1:01AM
UK Regulatory
TIDMWRES
RNS Number : 9335A
W Resources PLC
17 September 2018
17 September 2018
W Resources Plc
("W" or the "Company")
Non-Executive Director Appointments
W Resources Plc (AIM:WRES), the tungsten, copper and gold mining
company with assets in Spain and Portugal, is pleased to announce
the appointment of Mr Pablo Neira and Mr James Argalas as
Non-Executive Directors of the Company, who will join the Board
with immediate effect.
Pablo Neira brings over 30 years of international experience
specialising in managing listed industrial manufacturing companies
and family office direct investments in Spain and internationally.
He is currently with Casa Grande de Cartagena, S.L.U. family office
of significant shareholders of Ferrovial S.A. involved with direct
investments. Pablo was CEO of Urbar Ingenieros SA, a listed
industrial group that manufactures equipment for multiple sectors,
including raw materials, minerals and quarries; as well as turn-key
waste treatment plants. Prior to Urbar, Pablo was Corporate
Services General Manager at Valdepesa Textil, a global retail
textile PE backed company, and Finance Director at Global Steel
Wire Group, a Madrid listed steel wire rod manufacturer. Prior to
joining Global Steel Wire Group, he was Manager at A.T. Kearney in
New York and at the Swedish group Mölnlycke as Controller for
southern Europe. Pablo has broad-based experience of managing
operations across international and cultural boundaries and brings
in depth finance experience under listed companies. He holds a BA
in Economics from Universidad Complutense in Madrid and a Harvard
MBA. He is a professor at IE Business School.
James ("Jim") Argalas has extensive experience in the financial
and investment sectors. James is also based in Madrid and is
currently a director of BOFI Holding Inc, a publicly traded
branchless bank listed in the NASDAQ with a market cap of US$2.3
billion and Presido Union LLC. In 2006, he founded Presidio Union,
LLC, a company that specialises in providing financial analysis and
corporate advisory services to early stage growth companies and
their investors, taking an active role in developing ventures that
have the potential to create significant shareholder value. Prior
to founding Presidio Union, James was a Principal at Watershed
Asset Management and NM Rothschild, where he was responsible for
investments in the resource and financial services sector. Prior to
Watershed, James was an Associate Principal with McKinsey &
Company and an Associate at Goldman Sachs. With a Master of
Business Administration degree from Kellogg Graduate School of
Management (Northwestern University) with majors in Finance,
Entrepreneurship and International Business. James also holds a
Bachelor of Science degree in Engineering from the University of
Michigan, and a Bachelor of Science degree in Foreign Service from
Georgetown University.
Michael Masterman, Chairman of W Resources, commented: "As W
Resources transitions to a significant tungsten producer, the
appointment of Pablo Neira and James Argalas to the Board comes at
a time when their significant industrial and financial experience
will provide valuable counsel, insight and support and we welcome
them to the Board and look forward to working with them. Both James
and Pablo are based in Madrid and bring real time Spain based
networks and financial and operational capability to the W
Resources team".
Pablo Neira De Alvear, aged 55, is or was a director of the following
companies during the last five years:
Current directorships Previous directorships
* None * WWN 2002 UK Ltd
* Worldwide Retail Store Asia PTE Ltd
* Worldwide Retail Store SL
* Virlab SA
James Stephen Argalas, aged 47, is or was a director of the following
companies during the last five years:
Current directorships Previous directorships
* Presidio Union Management LLC
* BOFI Holding Inc.
* IM Residuals LLC
* Presidio Union Pty Ltd
* Presidio Union (Delaware) LLC
* Presidio Union LLC
There is no other information that is required to be disclosed
pursuant to Schedule 2 paragraph (g) of the AIM Rules for
Companies.
Enquiries:
W Resources Plc Grant Thornton UK LLP
Michael Masterman Colin Aaronson / Jen Clarke
/ Seamus Fricker
T: +44 (0) 20 7193 7463 T: +44 (0) 20 7383 5100
www.wresources.co.uk
Turner Pope Investments (TPI) Ltd Gable Communications
Andy Thacker Justine James
T: +44 (0) 203 621 4120 T: +44 (0) 20 7193 7463
www.turnerpope.com M: +44 (0) 7525 324431
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END
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