Monday, February 18, 2013

Appointment of new CEO: David Barrett

Dear Shareholders:

The board of directors is delighted to announce that Mr. David Barrett has been appointed as the new CEO of VGMC effective 1st March 2013.

Mr. Barrett will take over the top executive management role from Mr. Kenneth Elinger whose term of service with VGMC will end on 28th February 2013. The board of directors would wish to express its deep gratitude to Mr. Elinger for his vision and for his excellent performance while in office.

Mr. Barrett, aged 46, who is a Briton, has previously enjoyed a highly successful career in international financial services , funds management and real estate investment.

He has held senior management positions at major international institutions, including Skandia Life and Scottish Mutual Assurance PLC.

Mr. Barrett therefore brings to VGMC a wealth of international financial and business expertise.
The board has full confidence that the appointment of Mr Barrett will assist in bringing VGMC to new heights and in fulfilling its commitment to introduce additional financial products over the coming few years.
Thank you.

Chairman
Ricardo Luigi Oliveira

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