Ferroglobe Announces Changes to its Committee Structure to Reinforce its Corporate Governance
30 Maggio 2023 - 2:30PM
Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe”, the “Company”, or the
“Parent”), a leading global producer of silicon metal,
silicon-based and manganese-based ferroalloys, announces today that
the Board of Directors has made several important improvements to
the composition of its board committees, effective immediately.
With the objective of making all essential Board
committees fully independent, the Board of Directors has eliminated
the existing structure of the separate Nominations and Corporate
Governance Committees, replacing them with a new combined
Nominations and Governance Committee. This new committee consists
of three independent directors: Nicolas De Santis (Chair), Belen
Villalonga and Bruce Crockett. In addition, in order to make the
Compensation Committee comprised exclusively of independent
directors, Stuart Eizenstat replaces Silvia Villar-Mir de Fuentes
on that Committee, effective immediately. No directors leave the
Board as a result of these changes.
Javier López Madrid, Ferroglobe’s Executive
Chairman, commented, “The structural changes we have made to these
Board committees will greatly enhance our corporate governance. The
new Nominations and Governance Committee, as well as the
Compensation Committee, will be comprised of completely independent
members, reflecting best industry practices. Our Audit Committee
remains fully independent. We believe these changes reinforce our
commitment to high standards of transparency, accountability, and
independence in our decision-making.
“We believe that each of these changes will
strengthen our corporate governance framework and contribute to the
long-term success of our company. Our Board remains dedicated to
creating value for our shareholders and ensuring that our corporate
governance practices reflect the interests of all stakeholders,”
concluded Mr. López Madrid.
About Ferroglobe
Ferroglobe is a leading global producer of
silicon metal, silicon and manganese-based 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 Ferroglobe website.
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 the Company’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”, “target”, “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 the
Company 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 the Company’s control.
Forward-looking financial information and other
metrics presented herein represent the Company’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:
Anis BarodawallaExecutive Vice President – Investor
Relations Email: investor.relations@ferroglobe.com
MEDIA CONTACT:
Cristina Feliu RoigExecutive Director – Communications &
Public
AffairsEmail: corporate.comms@ferroglobe.com
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