Business
Leonardo Moretzsohn to Join Verde's Board of Directors
TORONTO , May 24, 2013 /CNW/ - Verde Potash (TSX: "NPK") ("Verde" or the "Company") is...
About this update from Verde Agritech Ltd
[{"type":"text","content":"\n\n\nTORONTO, May 24, 2013 /CNW/ - Verde Potash (TSX: \"NPK\") (\"Verde\" or the \"Company\") is pleased to announce Mr.\n Leonardo Moretzsohn will be joining the Company's Board of Directors in\n June following the Company's Annual General Meeting taking place on\n June 5, 2013 at 1:00pm. As an accomplished mining and finance\n executive, Mr. Moretzsohn brings a wealth of experience to Verde's\n Board, having served 24 years with Vale S.A. including as CFO of Vale\n Inco and five years with the EBX Group. During his career, over US$10\n billion of capital was raised through Brazilian, international and\n development banks.\n\n\nMr. Moretzsohn has 30 years of project finance experience in the\n development and implementation of various mining projects, including\n the Carajas iron ore and Salobo copper projects and the Alunorte\n alumina refinery. During his 24 year tenure at Vale S.A, Mr. Moretzsohn\n had an active role restructuring the non-ferrous division after the\n company's privatization and implementing the strategic planning process\n for the iron ore and aluminum businesses. Mr. Moretzsohn supported\n Vale's execution of a number of M&A transactions in iron ore and base\n metals projects. When Vale acquired Inco, Mr. Moretzsohn was appointed\n CFO and was a member of the committee responsible for integrating the\n acquired company into Vale's business model and coordinating the\n financial activities of Vale Inco and its subsidiaries in Canada,\n Indonesia and New Caledonia. He has served as a Director on Boards both\n in Brazil and abroad, including those of PT Vale Indonesia Tbk and\n Samarco Mineração (a Brazilian iron ore joint venture between Vale S.A.\n and BHP Billiton).\n\n\nDuring his tenure with EBX Group, Mr. Moretzsohn was appointed CFO of\n MMX Minas Rio and EBX Holding S.A. Mr. Moretzsohn was also appointed\n CEO of CCX to develop a major greenfield thermal coal project in\n Colombia. He was instrumental in the growth of EBX from 2007 to 2012 as\n it became one of the most important resource conglomerates in Brazil.\n\n\nPresident and CEO, Cristiano Veloso, commented: \"The Company's stage of\n transition from development to project finance and construction\n warrants directors strongly integrated with capital markets and\n development banks. Leonardo is a singular talent with a wealth of\n...