Business
Silverbirch stregthens key senior management
Appointment of new CFO creates strong finance office for the company TORONTO, May 29 /CNW/ - Silv...
About this update from Silver Bull Resources, Inc.
[{"type":"text","content":"\n\n\n\nAppointment of new CFO creates strong finance office for the company\n\n\nTORONTO, May 29 /CNW/ - SilverBirch Inc. (TSX-V:SVB) a leading digital\nmedia company, announced today that Mr. Paul Haber, previously slated to\nbecome a director, has instead accepted a direct operational position as\nSenior Vice President and Chief Financial Officer. As a consequence, Mr. Haber\nhas withdrawn his submission for directorship at the Annual General Meeting\nheld Tuesday, May 27, 2008.\n\n\nMr. Haber was most recently an independent consultant and sits on several\npublic company boards. His past experience includes Vice President, Chief\nFinancial Officer and Corporate Secretary of a TSX Venture listed\nmanufacturer, prior to which he was Senior VP and CFO of a subsidiary of a TSX\nlisted global health services company. He is a Chartered Accountant, and CPA,\nwho brings senior financial experience as well as a successful track record\nfor growing companies from a strategic, operational and financial standpoint.\nHe currently sits on the Boards, and Chairs the Audit Committees, of TSX\nlisted South American Silver Corporation and High Desert Gold, adding greatly\nto his already significant experience in public company governance.\n\n\n"We are thrilled to secure someone with Mr. Haber's talents in a full\ntime capacity, said SilverBirch CEO, Derek van der Plaat, "Paul, will be a\ntremendous assistance on operational budgeting and forecasting issues as well\nas in fulfilling financial due diligence and helping to close further\nacquisitions."\n\n\nIncumbent CFO, Graham Lowman, who will continue in the role of Corporate\nSecretary, said, "I am pleased to be able to turn over this post to a more\nmarket oriented professional. As a Chartered Secretary, it is also more\nappropriate for me to function as Chief Administrative Officer. The company's\naggressive growth plans for the future make it imperative to have suitably\nqualified executives in both roles." Mr. Lowman will henceforth function as\nSecretary Treasurer following Board ratification of the new appointments.\n\n\nMr Haber's appointment carries with it an immediate grant of\n300,000 options to purchase common shares of the corporation, at a strike\nprice of $0.425, being the closing price on May 27, 2008, the date of the\nBoard's ratification. The result...