The Conversation (0)
Focus Graphite (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) reported that its board of directors has nominated Gary Economo to serve as president and chief operating officer of the company on an interim basis. Mr. Economo will continue to serve as chief executive officer as well.
As quoted in the press release:
This announcement results from a decision to end the Company’s professional relationship with Mr. Don Baxter, due to a significant divergence of vision.
The Board of Directors has already undertaken a recruitment process and expects a permanent appointment to be made in the coming months. The Company remains fully confident in its ability to continue to focus on the execution of its strategy and expects that the transition of responsibilities will not impact the Company’s day-to-day operations.
Focus chairman, Jeffrey York, said:
Today’s decision is a reflection of the strong commitment of the members of our Board and leadership team towards our strategy and its execution. Focus Graphite is devoting all resources to achieve its objective to put Lac Knife into production, and then to bring to market value-added products for the Lithium-ion battery sector and we cannot accept to let any distraction interfere with this engagement towards our shareholders.
Click here to read the Focus Graphite (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) press release
Click here to see the Focus Graphite (TSXV:FMS,OTCQX:FCSMF,FWB:FKC) profile.