That is Excellent News!!
Mr. Durrant has delivered as always. :) He has set PSPW for extreme success with the announcement of these new appointments.
And folks... Mr. Durrant stepping down was expected... he is still involved with the company don't worry about that. :)
I was hoping Umamaheswaran Balasubramaniam would be named as Chief Executive Officer. :) "Effective as of October 19, 2011, Mr. Umamaheswaran Balasubramaniam ("Bala") has been appointed as the Company's Chief Executive Officer. He has served as a member of the Company's Board since September 12, 2011.
Bala majored in economics and is qualified as a chartered accountant. He is a life member of the Cornell society of hotel men, an association of Cornell University. He brings into the company 35 years' major experience and top level relations especially in the Middle East and Asia as well as a distinguished expertise in developing and managing mega-size projects. This varies from overseeing major projects to managing start-up ventures from inception to operational assignments.
Until recently, Bala served as Chief Executive Officer and member of the executive committee of Dubai Sports City, the world's first purpose-built integrated sports city having joined at its inception in 2003. Key responsibilities involved overseeing the project management,development and prompt delivery of the $3.6 billion project."
AND this is HUGE... "Appointment of Shariff Rehman as Chief Financial Officer Effective as of October 19, 2011, Mr. Shariff Rehman has been appointed as the Company's Chief Financial Officer. He has served as a member of the Company's Board since September 12, 2011.
Mr. Rehman is currently the CEO of the Falak Holding Group of companies, a Dubai based group involved in several diversified business sectors including as the initiator and a major shareholder of the $3.6 Billion Dubai sport city project - the world's largest sports themed real estate project."
And "Mr. James Wilson was appointed to the Board. Since 2001, Mr. Wilson has served as the co-founder, chief executive officer and director of Seawind Energy Limited ("Seawind Energy") and Seawind Services Limited ("Seawind Services" and together with Seawind Energy, the "Seawind Companies")."
Toby orchestrated some GREAT things!
Thank you, Thank you, Thank you!
I love how PSPW is strictly by the book. This stock is gonna fly!
Am I glad I loaded up on this stock.
See ya all tomorrow!
