Press release from CNW Group

5N Plus Announces Changes to its Management Team

Monday, August 20, 2012

/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES /

MONTREAL , Aug. 20, 2012 /CNW Telbec/ - 5N Plus Inc. (TSX: VNP) (the "Company"), the leading producer of specialty metal and chemical products, is pleased to announce the following appointments to its management team:

  • Mr. Jean Mayer as Director, Legal Affairs and Corporate Secretary.


     
  • Mr. Sean Fuller as Vice President, Strategic Supply.


     
  • Mr. Zhang Wen as Vice President, Commercial Activities China .

 

Mr. Mayer brings 15 years of business and legal experience. He has served as general counsel, has held senior executive positions and has served as director with various public companies in the mining and technology sectors.

Mr. Fuller has served at MCP/5N Plus for 12 years as he initially acted as General Manager in the United Kingdom for 7 years and then acted as Director in Hong Kong for the last 5 years.  Mr. Fuller holds a degree in Production Engineering from the University of Aston, UK and brings more than 20 years of experience in metal sourcing and significant international experience.

Mr. Wen has served as General Manager, CIR since the acquisition of MCP by the Company in April 2011 and is based in Shenzhen.  Mr. Wen has been intensely involved in metal sourcing and commercial activities in China over the last decade.

The Company also announces that Mr. Laurent Raskin and Mr. Frank Fache have ceased to act as managers of the Company but will remain on the Board of Directors of the Company.

"The new appointments and changes made to our senior management team are in line with our vision of sustainable growth aimed at maximizing long term shareholder value.  We are excited about the energy and skill set that Jean, Sean and Zhang bring to the team and are confident on their ability to help us realize our vision.  We would also like to thank Laurent and Frank for their contribution to our success and expect them to continue providing valuable insight and guidance as active members of our Board of Directors", said Mr. Jacques L'Écuyer, President and Chief Executive Officer of 5N Plus.