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Governance and leadership transition

Neuchâtel, April 30th 2015 - Dr. Scott D. Morrison, the Chairman of Metalor Technologies International SA announces the following changes in the Governance and Leadership of the company effective May 1, 2015.

  • Joël Lacourte, Managing Partner at Astorg Partners, former Chairman of Metalor between 2009 and 2013, and Board Member of Metalor since 2009, will be the Chairman of the Board of Metalor Technologies International SA.
  • Scott Morrison will remain a member of the Board until the end of 2015.
  • Scott Morrison’s role as Managing Director Mergers and Acquisitions will end on May 1 and he will be retained as an advisor to the management on the growth plans underway.

Dr. Morrison makes the following statement:

After 10 years as your CEO and 2 years as the Chairman of the Board it is time for a further transition of the companies governance and leadership. It has been a real privilege for me to work with the Metalor people from around the world for more than a decade. Metalor is a great brand with excellent products and a bright future. Businesses go through cycles and there were a few during my tenure. The company is now structuring for the next period of growth and I have every confidence that under the guidance of Philippe Royer and his team the company will be a great success. I will remain a shareholder of the company and will therefore follow with keen interest the development of the business.

Mr. Royer makes the following statement:

After nearly one year as the CEO of the Metalor group I am continually impressed with the international reach and diversity of the business. The company has experienced leadership and with the most recent organizational structure in place I am confident we can meet the growth expectations of our business planning. Our customer base is strong and we are encouraged by the improvements in the 1st quarter results. I look forward to continuing to work with Scott who has a great experience in the Precious Metals world.

Dr. Scott D. Morrison
Chairman of the Board

Mr. Philippe Royer
Chief Executive Officer

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