The Board of Directors of Noble Group Ltd refers to the announcement dated 16 April 2018 and the circular to shareholders dated 10 August 2018 in relation to the proposed financial restructuring of the company.
The announcement had stated that Richard Samuel Elman would be appointed as an executive director of New Noble.
The company has since been informed that Elman has decided that for personal reasons he will not be taking up the appointment as executive director of New Noble as previously envisaged.
The board of New Noble (which will be in compliance with the independence requirements under the Code of Corporate Governance) will be in place by the restructuring effective date. Further details of the members of the board of New Noble, once identified and finalised, will be announced prior to the restructuring effective date. The company and the board would like to thank Elman and acknowledge his immense contribution in founding and leading the company which during its history became the largest commodities company in Asia, a platform for the careers of thousands of people in the industry, and a Fortune 500 company.
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/20082018/richard-elman-rescinds-his-decision-to-accept-executive-director-role-at-noble-group/