Pyng Medical Corp. announced yesterday that at the Annual General Meeting of the shareholders held on March 11, 2009, the following persons were elected as directors: Robert (“Bob”) DiSilvio, Kevin O’Neill, Michael Jacobs, R.J. (“Bud”) Evans, Al Moloff and David Christie.
The Company also announced yesterday that it is restructuring its executive to address its strategic plan and business objectives. Effective immediately, David Christie no longer holds the positions of Chief Executive Officer and President. He remains a director and is working with the Board in support of a smooth transition while he pursues other business interests.
At a Board Meeting held yesterday, Bob DiSilvio was appointed as Chief Executive Officer of the Company, intended to be on an interim basis, with the immediate objective of recruiting a new Chief Executive Officer. Steve Law was appointed as Chief Financial Officer. The Company’s Audit Committee and Compensation Committee were also reconstituted for the ensuing year.
Mr. O’Neill stated on behalf of the Board of Directors “We wish to thank David Christie for his contributions over the past two years and also to wish him well in his future endeavours.”
On behalf of the Board of Directors of Pyng Medical Corp.
Kevin O’Neill, Director, Pyng Medical Corp.
Source: Pyng Medical Corp.