Business
Mega Moly Inc. Management Changes
Mega Moly Inc. Management Changes
About this update from Terreno Resources Corp.
[{"type":"text","content":"\nMega Moly Inc. Management Changes\n\n\n Aug. 17, 2010 (Filing Services Canada) -- MegaMoly Inc.  (MGY - TSX Venture), advises that Stephen Stine has resigned as President and CEO of the Company.  Mr. Stine will not be standing for re-election to the Board of Directors.  Mr. John Icke has agreed to assume the position of interim CEO along with his responsibilities as a Director. Mark Dugmore VP Exploration has also submitted his resignation.John Icke is a senior executive with more than 25 years global management experience, 16 in the role of President, General Manager or Chief Executive Officer, in both the private and public sector. He was previously the president of Accenture Business Services for Utilities, the largest business process outsourcing practice of its kind worldwide. Prior to joining Resinco Capital Partners Inc. where he holds the position of President and CEO, he had been a principal of JRI Strategy Consultants Inc., a business consultancy which provides strategic counseling and leadership to senior executives of mid and large cap corporations.His previous positions include: president and CEO of Lily Cups Inc; founding director and chairman of Canadian Polystyrene Recycling Association (C.P.R.A.); corporate vice president and general manager of Indigo N.V.'s worldwide packaging business; and chief operating officer and executive vice president of Sweetheart Cup, a subsidiary of Fort Howard. Importantly, Mr. Icke has significant experience with private equity in addition to debt and public equity financings.The Company thanks Mr. Stine and Mr. Dugmore for their efforts and wishes them success in their future careers.Commenting on the organizational changes Mr. Icke state, \"It has been a pleasure working with Stephen in his role of President and CEO of the Company.  I would particularly like to comment on the support that he has provided to the Board in assisting in the transition of the Company to a new business strategy. On behalf of the board we wish him every success in his future endeavors.\"On behalf of the Board of Directors\"John Icke\"Interim Chief Executive Officer & DirectorFor further information, please contact:Nicola Street CapitalTel:  604.569.0056Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the...