Itafos Announces New Chief Financial Officer
April 04 2018 - 5:53PM
Itafos (TSX-V:IFOS) announced today that Rafael Rangel will resign
as Chief Financial Officer effective immediately to pursue
opportunities outside the Company. The Board of Directors has
appointed George Burdette to serve as Chief Financial Officer
effective upon Mr. Rangel’s departure.
“We thank Rafael for the contribution he made to
Itafos during his tenure,” Brian Zatarain, Chief Executive Officer,
said. “With the acquisition of the Conda Phosphate Operations
and GB Minerals Limited, Itafos is well-positioned to continue the
implementation of its strategy of building a pure-play phosphate
fertilizer company. Mr. Burdette is the right person to join
our leadership team as we enter this new phase of growth.”
Mr. Burdette comes to Itafos with over 12 years
of corporate development, financial, commercial and investment
management experience. Mr. Burdette led or supported over $8
billion of acquisitions, divestitures, mergers and financings in
the U.S. and in various emerging markets. Prior to joining Itafos,
he was head of Americas project finance at First Solar where he was
responsible for project financing and commercial initiatives in the
U.S., Latin America, and South Africa. Prior to First Solar,
Mr. Burdette had a range of experience in private equity and
corporate roles at both Zaff Capital and AEI, covering corporate
development, financings and enterprise risk management working
together with Brent de Jong (Itafos Chairman) and Brian Zatarain
(Itafos Chief Executive Officer). Mr. Burdette holds a
Bachelor of Arts in International Business and French from Wofford
College and an International Master of Business Administration from
the University of South Carolina.
About Itafos
Itafos is an integrated producer of phosphate
fertilizers with an attractive portfolio of long-term strategic
assets. Itafos is managed by an experienced and diverse team with
extensive commercial, financial, legal and technical expertise.
Itafos owns the Conda Phosphate Operations, which produces
approximately 540,000 tons per year of mono-ammonium phosphate,
super phosphoric acid, merchant grade phosphoric acid and specialty
products located in Idaho, United States and the Arraias Phosphate
Operations which produces approximately 500,000 tons per year of
single super phosphate located in central Brazil. Itafos’
development portfolio includes a number of additional projects in
Brazil, including the Santana Project, a high-grade phosphate mine
project located in Pará State and the Araxá Project, a high-grade
rare earth elements, niobium and phosphate mine project located in
Minas Gerais State. In addition, Itafos owns the Paris Hills
Project, a high-grade phosphate mine project located in Idaho,
United States, the Mantaro Project, a high-grade phosphate mine
project located in Junin, Peru and the Farim Project, a high-grade
phosphate mine project located in Farim, Guinea Bissau. Further
information on Itafos can be found at www.itafos.com.
About The Blueshirt Group
The Blueshirt Group provides capital markets
expertise and strategic financial and media relations counsel to
growth companies and venture capital firms globally. Founded in
1999, The Blueshirt Group has earned its reputation as a leader in
investor relations (IR), financial communications, financial media
relations and crisis management.
For more information, please visit
http://www.blueshirtgroup.com.
FOR FURTHER INFORMATION, PLEASE
CONTACT:
ItafosBrian Zatarain, Chief Executive
Officerbrian.zatarain@itafos.comwww.itafos.com
The Blueshirt GroupGary Dvorchak, CFAManaging
Director+1 (323) 240-5796gary@blueshirtgroup.com
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