Procaps Group, SA announced the important results of its recent general assembly and the subsequent board meeting. These results include changes to the composition of the Board of Directors, restructuring of Board committees and updates to the management team. The general meeting marked an important step with the election of new members to the board of directors.
The newly elected members bring diverse expertise and strategic vision to guide the future growth of Procaps. The newly appointed members of the Board of Directors are Mr. Alejandro Weinstein, Executive Chairman of the Board, Mr. Nicolas Weinstein, Mr. Ernesto Carrizosa and Mr. Jose Frugone.
The company announced the resignation of Mr. David Yanovich from the board of directors. The board of directors will be composed of Alejandro Weinstein, José Minski, Alberto Eguiguren, Nicolas Weinstein, Ernesto Carrizosa and Jose Frugone. Restructuring of board committees: Following the general meeting, the board of directors met to redefine the structure of its committees.
The main decisions taken are as follows Audit Committee: New members: Mr. Jose Frugone Domke, Mr. Alberto Eguiguren Correa and Mr. Ernesto Carrizosa. President: Mr. Jose Frugone Domke. Remuneration Committee: New members: Mr. Jose Frugone Domke, Mr. Alberto Eguiguren Correa, and Mr. Ernesto Carrizosa and Chairman: Mr. Alberto Eguiguren Correa.
Nominations Committee: New members: Mr. Jose Frugone Domke, Mr. Alberto Eguiguren Correa, and Mr. Nicolas A. Weinstein and Chairman: Mr. Nicolas A. Weinstein. Additionally, the newly created Sales, Innovation and Marketing Committee will serve as a platform for collaboration between Board members and management to drive innovation, optimize business strategies and strengthen Procaps' position in the market.
To complement the interim CFO's focus on restatement and financial reporting, Melissa Angelini has been named interim vice president of finance. In this role, Melissa will oversee the company's broader financial operations, including treasury management, FP&A and related strategic finance functions, while continuing to lead the investor relations team. Its role is to ensure operational continuity and strategic alignment, supporting Procaps' growth objectives and financial responsibility?
She will support Procaps' growth objectives and financial accountability until the company finalizes its new organizational structure.
