LONDON (Thomson Financial) - ACP Capital Ltd. said at an extraordinary
general meeting (EGM) held Thursday, its shareholders removed chief executive
Derek Vago, chief financial officer Eric Youngblood and some other directors
effective immediately.
The company also replaced them with John Chapman, Patrick McCann and James
Lowenstein as directors of the company with immediate effect.
The other directors it removed are Nikolaj Larsen, Francois Georges, Alan
Braxton and Daniele Discepolo.
The new board plans to carry an in-depth review of the assets and businesses
of ACP Capital over the coming weeks, the company said.
Separately, ACP Mezzanine Ltd. said it is assessing the impact of the board
changes at ACP Capital, the parent of the investment manager to the company, and
will make further notifications as soon as practicable.
TFN.newsdesk@thomson.com
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