FERRONOUX Holdings, Inc. on Thursday announced a revamp in management after a P297-million share deal with backdoor lister Themis Group Corp.
Michael C. Cosiquien stepped down as chairman, president and director of the listed company, it said in a stock exchange filing. He will be replaced by James G. Lorenzana, who was appointed Ferronoux director and chairman, while Abel M. Almario was named company president.
Mr. Lorenzana is chairman and president of several companies and foundations including Okada Foundation, Inc.
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