– SWITZERLAND, Oberrieden – SunVesta, Inc. (OTC:SVSA) today announced that its Board of Directors elected two independent directors, Gabriel Margent and Alex Rosenzweig to fill vacancies on the Board created by the resignations of two previous directors.
The Board also formed a special committee of independent directors, consisting of the newly elected directors, to evaluate one or more strategic actions in light of SVI’s approximately forty-five million Swiss francs in debt on an unconsolidated basis and the additional efforts required to complete the hotel project in Costa Rica managed by SVI’s wholly-owned subsidiary, SunVesta Holding AG.
About Gabriel Margent
Mr. Margent is a finance consultant with over 35 years of experience. He began his career as an auditor, followed by several public and private company mandates. Mr. Margent served over 20 years at Merrill Lynch. Mr. Margent holds a Bachelor of Science in Accounting from St. John’s University.
About Alex Rosenzweig
Mr. Rosenzweig is a finance consultant with over 30 years of experience. He has spent the majority of his career advising companies in highly competitive markets in Europe and North America on restructuring processes and corporate strategy through his consultancy, Equitech Research. Mr. Rosenzweig holds a Master of Business Administration from Kenan-Flagler Business School of the University of North Carolina at Chapel Hill.
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