Torq Announces Executive Title Changes
InvestorSarfari Comments:
This announcement re-defines the positions and roles of the the main principals of the company. In reality not much has changed, except from a corporate point of view, it shows better structure. Defined roles are very important for optics. Which makes one wonder if this is being done to please a specific audience. If so, then the question becomes - who’s the audience that’s watching?
VANCOUVER, BC / ACCESSWIRE / June 21, 2022 / Torq Resources Inc. (TSX-V:TORQ)(OTCQX:TRBMF) ("Torq" or the "Company") is pleased to announce that two current directors are changing management positions in order to better reflect the expected executive involvement of each person going forward. Shawn Wallace the current Board Chair is being appointed to Chief Executive Officer while Michael Kosowan will assume the office of Vice President of Capital Markets. Mr. Wallace will continue to serve as Chair of the Board of Directors of Torq, and Mr. Kosowan will continue to serve as a director. The Board has created the office Lead Independent Director and has appointed Steve Cook in that office.
CEO Shawn Wallace commented, "I look forward to greater involvement with the day-to-day management of Torq than before. We thank Michael for all his past contributions as CEO and look forward to his help in developing our capital markets."
The Company also announces that it is granting Ms. Tracy George, Torq's Corporate Secretary, 25,000 options, which are exercisable for a period of five years from the date of grant.
ON BEHALF OF THE BOARD,
Shawn Wallace
CEO & Chair
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