Ternium Appoints New Member to its Board of Directors and Audit Committee
September 23 2015 - 4:00PM
Business Wire
Ternium S.A. (NYSE: TX) announced today that, following
independent director Pedro Pablo Kuczynski’s resignation, the
Company’s Board of Directors, acting pursuant to the powers
conferred upon it by the Company’s articles of association,
appointed Mr. Vincent Decalf as an independent director and a
member of the audit committee to serve for the remainder of Mr.
Kuczynski’s term of office, ending on the next annual general
meeting of shareholders to be held on May 4, 2016.
Mr. Kuczynski, who served as a member of the Company’s Board of
Directors and its audit committee for the past eight years, decided
to step down for personal reasons.
Mr. Decalf currently serves as a member of the board of
directors of the Luxembourg Stock Exchange (Bourse de Luxembourg)
and the Luxembourg Institute for Directors and Managers (Institut
Luxembourgeois des Administrateurs) as well as a non-executive
director of Foyer International S.A. and other private Luxembourg
companies. From 1989 to 2008, Mr. Decalf held various executive
positions with Société Générale and has extensive experience in the
financial industry. Mr. Decalf, aged 53, is a French national. He
qualifies as an independent director under the Company’s articles
of association.
As a result of this change, the Company’s Board of Directors is
now composed of Ubaldo Aguirre, Roberto Bonatti, Carlos Condorelli,
Vincent Decalf, Adrian Lajous, Gianfelice Mario Rocca, Paolo Rocca
and Daniel Agustín Novegil; and Messrs Aguirre, Decalf and Lajous
(all of whom qualify as independent directors under our articles of
association) compose its Audit Committee.
The Company welcomes Mr. Decalf to its Board of Directors, and
thanks Mr. Kuczynski for his dedication to the Company for the past
eight years and wishes him well in any new endeavors he may
pursue.
About Ternium
Ternium is a leading steel producer in Latin America, with an
annual production capacity of approximately 11.0 million tons of
finished steel products. The company manufactures and processes a
broad range of value-added steel products for customers active in
the construction, automotive, home appliances, capital goods,
container, food and energy industries. With production facilities
located in Mexico, Argentina, Colombia, the southern United States
and Guatemala, Ternium serves markets in the Americas through its
integrated manufacturing system and extensive distribution network.
In addition, Ternium participates in the control group of Usiminas,
a Brazilian steel company. More information about Ternium is
available at www.ternium.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150923006152/en/
TerniumSebastián Martí, +1-866-890-0443Investor Relations+54
(11) 4018 2389www.ternium.com
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