Business
BOREALIS ANNOUNCES CHANGES TO BOARD OF DIRECTORS
BOREALIS ANNOUNCES CHANGES TO BOARD OF DIRECTORS.
About this update from Borealis Exploration Limited
[{"type":"text","content":"Refers to BOREF, COLCF, CHOMF, PWCHF\r\n\r\nGibraltar, 10 March 2006 -- Borealis Exploration Limited (BOREF) announces that Nechama Katan and Mel Simon have joined the board of directors.\r\n\r\nNechama Katan completed a BA in Mathematics from Barnard College, an MS in Mathematics from NYU and a MA in statistics from Columbia University. She worked for Intel Corporation for more than seven years, in performance analysis, cpu design, process development and high volume manufacturing process control. Since May 2005 she has been Program Manager for Avto Metals, Power Chips and Cool Chips, posts in which she continues.\r\n\r\nMel Simon worked for IBM for 34 years. Amongst his many roles he was UK Internet Marketing Manager, UK Head of Network Consultancy, European Open Systems Manager and Global Strategy Manager for Capital Markets. Subsequently he was e-Commerce Director for Moneybox plc. Mr. Simon has been working with the Borealis Family of Companies in various consultative roles since 2001.\r\n\r\n\"We have made some substantial changes to the membership of our Board, and it serves to strengthen Borealis' expertise and capabilities as we drive toward products and profits,\" said Dr. Rodney T. Cox, Borealis' Chairman. \"The last few months have had a great deal of change as our subsidiaries have continued to devolve and seek to independently create value for their shareholders. We look forward to great things from these companies.\"\r\n\r\nBorealis Exploration Limited also announces with regret that Robert T. Bauer has resigned from the boards of Borealis Exploration Limited, Chorus Motors plc, Cool Chips plc and Power Chips plc. Benjamin J. Cox has also resigned from the board of Borealis Exploration Limited. The Board of Directors thanks them both for their contributions to the Borealis Family of Companies and wishes them every success in his future projects.\r\n\r\nJoseph J. Cox has joined the board of directors of WheelTug plc, a majority-owned subsidiary. He is now the President and COO of WheelTug plc.\r\n\r\nIn another change, Dr. Robert L. Carman Jr has stepped down as the WheelTug Program Manager at Chorus Motors plc. Dr Carman stated \"I wish to document my pleasure in working with you and your organization. The WheelTug(tm) demonstration project was certainly a challenging opportunity where the entire WheelTug team cer...