Ferroglobe PLC (Nasdaq:GSM) (“Ferroglobe” or the “Company”), a
leading producer of silicon metal, silicon-based alloys and
manganese-based specialty alloys, is pleased to announce today that
it has appointed Belen Villalonga, Silvia Villar-Mir de Fuentes,
Nicolas De Santis, and Rafael Barrilero Yarnoz to the board of
directors effective May 13, 2021.
Ferroglobe further announced that Bruce Crockett
has been appointed to serve as lead independent director of its
board of directors, effective May 13, 2021. Mr. Crockett has served
on the board of Ferroglobe since its formation in 2015, and
currently serves as the chairman of the audit committee.
“We are pleased to welcome Belen, Silvia,
Nicolas and Rafael as new directors to Ferroglobe’s board,” said
Javier López Madrid, Ferroglobe’s Executive Chairman. “They
join the Company at an exciting time as we execute our strategic
turnaround plan aimed at transforming the company and bolstering
its long-term competitiveness. The addition of these directors to
our board complements our current directors’ skills and
experiences, and we are confident they will provide valuable
perspectives and support to management, as we continue to execute
our strategy, drive profitability and enhance value for all
Ferroglobe stakeholders. We look forward to their contributions and
are excited they have chosen Ferroglobe.”
Belen Villalonga is a Professor of Management
and Organizations, a Yamaichi Faculty Fellow, and a Professor of
Finance (by courtesy) at New York University’s Stern School of
Business. Between 2001 and 2012 she was a faculty member at the
Harvard Business School. Her teaching, research, and consulting
activities are in the areas of corporate governance, strategy, and
finance, with a special focus on family-controlled companies. Her
award-winning research has been cited over 15,000 times in
scholarly articles and international media outlets. Professor
Villalonga is an independent director and audit committee member
(and former chair) at Grifols, a global leader in hemoderivatives
that is part of Spain’s IBEX35 blue-chip index and is also listed
on Nasdaq. She is also a member of the board and of the risk,
audit, and compensation & talent management committees at Banco
Santander International, the Santander group’s private banking
subsidiary in the United States. She was also an independent
director for 13 years at Acciona, a leader in the renewable energy
and infrastructure industries, as well as at Talgo, a high-speed
train manufacturer, where she chaired the strategy committee. She
holds a Ph.D. in Management and an M.A. in Economics from the
University of California at Los Angeles, where she was a Fulbright
Scholar. She also holds a Ph.D. in Business Economics from the
Complutense University of Madrid. In addition to the board of
directors, Professor Villalonga joins the Company’s audit
committee.
Silvia Villar-Mir de Fuentes currently serves on
the board of directors of Grupo Villar Mir, a privately held
Spanish group with investments across a broad range of diversified
industries, which is the beneficial owner of approximately 54% of
the Company’s share capital. Mrs. Villar-Mir de Fuentes currently
serves on the board of directors of Obrascón Huarte Lain, a Spanish
multinational construction and civil engineering company, where she
is a member of the audit committee. Mrs. Villar-Mir de Fuentes is a
summa cum laude graduate in Economics and Business Studies, with
concentration in finance and accounting, from The American College
in London, United Kingdom.
Nicolas De Santis is a technology entrepreneur,
strategist and author with substantial experience in executive and
non-executive roles. Mr. De Santis is currently the Chief Executive
Officer of Corporate Vision, a strategy and innovation consultancy
and incubator which advises multinational corporations and
start-ups globally on digital business transformation (including
artificial intelligence and machine learning), business strategy,
branding, business model innovation, sustainability strategies and
corporate culture. Previously Mr. De Santis served on the board of
publicly traded Lyris Technologies (acquired by AUREA Software in
2015). He began his management career at Landor Associates (now WPP
Group). As a technology entrepreneur, he co-founded several
high-profile start-ups, including opodo.com, where he served as
Chief Marketing Officer. Mr. De Santis is a regular lecturer at
business schools and universities on business strategy, global
branding and European Affairs, including IE Business School, Madrid
and the University of Wyoming. He is the author of Corporate Vision
System®, Futurize You Company, Innovate Culture & Manage
Complexity.
Rafael Barrilero Yarnoz is a senior advisor at
Mercer Consulting. Mr. Barrilero Yarnoz has developed his career as
a partner of the firm and as a member of the executive committee,
leading the advisory talent and reward service for the boards of
the main companies and multinationals. He has also led the business
throughout the EMEA. Previously, he led the Watson Wyatt consulting
firm in Madrid. He began his career as a lawyer at Ebro Agricolas
focused on labour law, before serving as Ebro’s head of human
resources. He has a law degree from Deusto and a Masters in
Financial Economics from ICADE, as well as a masters in human
resources by Euroforum-INSEAD.
About Ferroglobe
Ferroglobe PLC is one of the world’s leading
suppliers of silicon metal, silicon- and manganese- based specialty
alloys and ferroalloys, serving a customer base across the globe in
dynamic and fast-growing end markets, such as solar, automotive,
consumer products, construction and energy. The Company is based in
London. For more information, visit
http://investor.ferroglobe.com.
Forward-Looking Statements
This release contains “forward-looking
statements” within the meaning of U.S. securities laws.
Forward-looking statements are not historical facts but are based
on certain assumptions of management and describe Ferroglobe’s
future plans, strategies and expectations. Forward-looking
statements often use forward-looking terminology, including words
such as “anticipate”, “believe”, “could”, “estimate”, “expect”,
“forecast”, “guidance”, “intends”, “likely”, “may”, “plan”,
“potential”, “predicts”, “seek”, “will” and words of similar
meaning or the negative thereof.
Forward-looking statements contained in this
press release are based on information currently available to
Ferroglobe and assumptions that management believe to be
reasonable, but are inherently uncertain. As a result, Ferroglobe’s
actual results, performance or achievements may differ materially
from those expressed or implied by these forward-looking
statements, which are not guarantees of future performance and
involve known and unknown risks, uncertainties and other factors
that are, in some cases, beyond Ferroglobe’s control.
Forward-looking financial information and other
metrics presented herein represent Ferroglobe’s goals and are not
intended as guidance or projections for the periods referenced
herein or any future periods.
All information in this press release is as of
the date of its release. Ferroglobe does not undertake any
obligation to update publicly any of the forward-looking statements
contained herein to reflect new information, events or
circumstances arising after the date of this press release. You
should not place undue reliance on any forward-looking statements,
which are made only as of the date of this press release.
INVESTOR CONTACT:
Gaurav MehtaExecutive Vice President - Investor
Relationsinvestor.relations@ferroglobe.com
MEDIA CONTACT:
Cristina Feliu RoigExecutive Director – Communications &
Public Affairscorporate.comms@ferroglobe.com
Source: Ferroglobe PLC
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