SG Blocks Announces Appointments to Board of Directors
June 09 2021 - 8:15AM
Business Wire
- Appoints Joseph Safina and David Villarreal
as New Independent Directors -
- Names David Villarreal as New Lead
Independent Director -
SG Blocks, Inc. (NASDAQ: SGBX) (“SG Blocks” or the “Company”), a
leading designer, innovator and fabricator of container-based
structures, announced that its Board of Directors has appointed
Joseph Safina and David Villarreal to serve as members of the
Company’s Board of Directors.
The appointments, which were effective May 28, 2021, increased
the size of the Board from four to six members. The Board also
named David Villarreal as its new lead independent Director. . Mr.
Safina will serve on the audit committee, replacing Yaniv
Blumenfeld, and the compensation committee. Mr. Villarreal will
serve on the nominating, environmental, social and corporate
governance committee and the compensation committee.
“We are extremely pleased to add Joseph Safina and David
Villarreal to our Board of Directors,” stated Paul Galvin, Chairman
and Chief Executive Officer. “Both Joseph and David bring deep
operational leadership and financial acumen to the Board, and we
look forward to their contributions as we continue our efforts to
grow SG Blocks and execute on our plans.”1
Joseph Safina is a serial entrepreneur with over thirty years of
experience in investment banking working with public and privately
held small to mid-cap companies. Since 1997, Mr. Safina has been
the principal of Safina Capital, an “all-stage” investment firm
which offers its portfolio companies investment capital, strategic
insight, global relationships and operational support. He has been
instrumental in helping his clients with large-scale fund-raising,
merger & acquisitions, business development, marketing and
financial management. In 1988, Joseph Safina joined NYSE Member
firm, Gruntal & Co., as a Senior Vice President. He was a top
producer and was tasked with building Gruntal’s Corporate Finance
Department. He left Gruntal & Co. in 1993 and founded Nichols,
Safina, Lerner & Co. Inc. (NSL) - a New York-based broker
dealer. As the C.E.O. of NSL, he navigated the firm from a start-up
into a 200 employee, multi-location company. Mr. Safina also headed
up NSL’s trading desk, making markets in hundreds of stocks and was
profiled as one of the top ten Bankers in the country in R.J.
Shook’s “The Winners Circle”. Mr. Safina has raced cars
professionally for over ten years and has competed at the
prestigious 24 Hours at Daytona, The 12 Hours of Sebring and The 24
Hours of Dubai representing BMW, Ford and Porsche with several IMSA
podium finishes. He is also a pilot, scuba diver and competitive
cyclist.
David Villarreal was appointed as a director of the Company on
May 28, 2021. Mr. Villarreal’s career spans over 40 years in
various management, business and leadership capacities, beginning
in 1977 when he served as Deputy Mayor and Senior Deputy Economic
Development Advisor, under Mayor Tom Bradley in the City of Los
Angeles. He has served since August 2014 as the Chief
Administrative Officer of Affinity Partnerships, LLC, a Costco
national mortgage services platform provider, with annual closed
loan production of $8+ billion through a network of ten national
mortgage lenders. From March 2011 to August 2014, he served as the
President -Corporate Business Development, of Prime Source
Mortgage, Inc. From September 2008 to September 2012, he served as
a Consultant to the International Brotherhood of Teamsters.
About SG Blocks, Inc. SG Blocks, Inc. is a premier
innovator in advancing and promoting the use of code-engineered
cargo shipping containers for safe and sustainable construction.
The firm offers a product that exceeds many standard building code
requirements, and also supports developers, architects, builders
and owners in achieving greener construction, faster execution, and
stronger buildings of higher value. Each project starts with
GreenSteel™, the structural core and shell of an SG Blocks
building, and then is customized to client specifications. For more
information, visit www.sgblocks.com.
Safe Harbor Statement
Forward-Looking Statements Certain statements in this press
release constitute "forward-looking statements" within the meaning
of the federal securities laws. Words such as "may," "might,"
"will," "should," "believe," "expect," "anticipate," "estimate,"
"continue," "predict," "forecast," "project," "plan," "intend" or
similar expressions, or statements regarding intent, belief, or
current expectations, are forward-looking statements. These
forward-looking statements are based upon current estimates and
assumptions and include statements regarding growing SG Blocks and
executing on our plans. While SG Blocks believes these
forward-looking statements are reasonable, undue reliance should
not be placed on any such forward-looking statements, which are
based on information available to us on the date of this release.
These forward-looking statements are subject to various risks and
uncertainties, many of which are difficult to predict that could
cause actual results to differ materially from current expectations
and assumptions from those set forth or implied by any
forward-looking statements. Important factors that could cause
actual results to differ materially from current expectations
include, among others, the contribution of Mr. Safina and Mr.
Villarreal, the Company’s ability to position itself for future
profitability, the Company’s ability to maintain compliance with
the NASDAQ listing requirements, and the other factors discussed in
the Company’s Annual Report on Form 10-K for the year ended
December 31, 2020 and its subsequent filings with the SEC,
including subsequent periodic reports on Forms 10-Q and 8-K. The
information in this release is provided only as of the date of this
release, and we undertake no obligation to update any
forward-looking statements contained in this release on account of
new information, future events, or otherwise, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210609005191/en/
Investors: Stephen Swett (203) 682-8377
investors@sgblocks.com
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