OBJ Limited (ASX: OBJ) is pleased to announce the appointment of widely experienced company director Mr Antonio (Tony) Varano to its Board as a NonExecutive Director, effective 15 May 2018. Mr Varano has more than 30 years experience across Australia, Europe and the USA, operating and managing successful entrepreneurial, corporate and investment pursuits. This experience has covered start up, funding and growth, corporate operations, executive management and business exits. His expertise spans retail, cosmetics, skincare, real estate, agriculture, publishing, construction, entertainment and the arts. Many of these businesses have achieved a dominant position in the markets in which they operate. New York-based, Mr Varano holds Board and investment positions in several companies he has either founded or invested in at an early stage. Tony studied business at the Western Australian Institute of Technology, and an MBA at the University of Western Australia. Upon completing due diligence on OBJ, Mr Varano has agreed to invest in the Company as part of his appointment, demonstrating his confidence in its potential and future success. The Company will make a placement of its securities to Mr Varano of 4,000,000 shares at $0.025 with details to be announced as per ASX requirements. OBJ’s Interim Chairman Mr Steven Schapera said: “As previously outlined to shareholders our goal is to assemble an Olympic-quality team to lead OBJ forward, and Tony is a candidate we’ve been eager to secure for some time. His appointment is an integral step towards securing the future of OBJ. I have previously worked under Tony for many years – he was the Chairman at BECCA – and he has a brilliant strategic mind. Tony’s corporate experience, including previous roles on remuneration and audit committees, as well as his experience with royalty negotiations, brings vital skills to OBJ. His depth of experience and knowledge across numerous international geographies also significantly boosts the strength of the Board.”
Expand
(20min delay)