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Organization Announcement

The Shareholders and Board of Directors of Metalor Technologies International SA are pleased to announce the following governance and organizational changes:

Joël Lacourte, Chairman of Metalor Technologies International, has decided to step down as Chairman. Effective April 25th 2013, Scott Morrison, currently CEO of the Metalor Group, is appointed as Chairman of Metalor Technologies International replacing Joël Lacourte.

Scott Morrison, who has led the company successfully for over 10 years as CEO, will be replaced as CEO by Hubert Angleys, who is currently CFO of the Metalor Group.

In addition to his role as Chairman, Scott Morrison is appointed Managing Director Mergers and Acquisitions of the Metalor Group. In this role he reports to the Metalor Technologies International SA Board of Directors, will actively interface with the management to define the Mergers and Acquisitions strategy for Metalor and be responsible for executing acquisition projects on a global basis.

Board of Directors of Metalor Technologies International
Joël Lacourte
Chairman of the Board of Directors of MTI

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