Mr. Atanas Kolarov reports
REKTRON GROUP PROVIDES MANAGEMENT UPDATE
Moises Michan Portillo has been removed from his position as chief operating officer of Rektron Group Inc., effective immediately. Mr. Michan Portillo served as COO of the company pursuant to the terms of a consulting services agreement between the company and Tanridge Capital Ltd., which agreement has been terminated.
This decision follows a comprehensive internal review conducted by an investigative committee established by the company's board of directors in accordance with the company's corporate governance policies and applicable regulatory requirements. Based on the committee's findings, the board determined that this leadership change was in the best interests of the company.
"Rektron is committed to upholding the highest standards of corporate governance, transparency and accountability," said Atanas Kolarov, chief executive officer of Rektron. "Following a thorough review process, the board determined that a leadership transition was necessary to align with the company's strategic priorities."
Rektron has initiated the process of identifying a suitable replacement for the role of COO and will provide further updates once available. In the interim, Rektron's senior management team will oversee operational continuity to ensure business stability and strategic execution.
About Rektron Group Inc.
The company is the holding and parent company of Rektron AQ Ltd., which is the holding and parent company of DL Hudson Ltd. DL Hudson is the trading arm of a group of companies, of which there are several subsidiaries that support the group's global commodity trading operations. The company is headquartered in Vancouver, B.C., while Rektron AQ is headquartered in London in the United Kingdom.
The company focuses on maintaining an experienced team of management and traders, extensive geographical and product diversification, trading and logistical expertise, and financial and risk management.
The team at the group comprises energy and metals traders, and finance professionals with expertise from the city of London and Wall Street. The trading expertise includes principal energy and metals products, particularly ferrous and non-ferrous metals, recycled metals and energy transition commodities (ETC), crude oil, and Euro VI-compliant refined oil products. The company and its affiliates transact across all compliant markets following the international trade regulations and guidelines.
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