Reconstruction Capital II appoints Zoran Melovski and Paolo Bassetti to its Board as Non-Executive Directors

– CAYMAN ISLANDS –  Reconstruction Capital II Limited (LON: RC2) today announced the appointment of Zoran Melovski and Paolo Bassetti as Non-Executive Directors of the Company, and the resignation of Martin Derbyshire with immediate effect.

Zoran Melovski is appointed to the board as a Director connected to Mr Ion Florescu pursuant to the relationship agreement dated 3 October 2014.

About Zoran Melovski

Zoran is a Cyprus-based lawyer who has already acted as a Director of RC2’s two Cyprus subsidiaries, RC2 Limited and Glasro Holdings Limited, and also sits on the board of The Romanian Investment Fund Limited, where RC2 has an indirect shareholding. Prior to joining the board of RC2’s Cyprus companies, Zoran was responsible for all the in-house legal work for East Point Holdings Limited, a Cyprus-based holding company with extensive operations in agribusiness, shipping, and metal processing. Zoran Melovski trained as a lawyer at the University of Belgrade and is a Serbian and Cypriot citizen.

About Paolo Bassetti

Paolo is a specialist in industrial development, restructuring and mergers and acquisitions, with extensive experience in Latin America and Europe. He worked for the Techint Group for 26 years, where he was involved in a number of industrial development operations and internal organizational restructurings, including in Brazil where he was responsible for the licensing of a five million ton steel project in Rio de Janiero and where he acted as the President of Ternium, and in Romania where he was responsible for the Group’s acquisition and restructuring of two Romanian industrial pipe producers, Silcotub and Donasid. He was educated at the Massachusetts Institute of Technology, the London School of Economics and the University of Bologna, and is an Italian citizen.

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