Vancouver, Canada: OSI Geospatial Inc. announced that Mark Rivers has been appointed to the Board of Directors of the Company and will assume the Board Chair position. It is effective from April 12, 2011.
According to the company’s press statement, Mark brings many years of management and strategic development expertise to the OSI Board. Mark is currently the CEO of CEO Capital Corporation, a boutique private equity firm. He is also the founder of President’s of Enterprising Organizations (PEO), a networking and professional development organisation.
In addition, OSI announced that effective from April 11, 2011, it has terminated the services agreement with P&H Marine Australasia PLC, under which Walter Purio was contracted to act in the capacity of Interim President and CEO. On April 11, 2011, Walter Purio also submitted his resignation from the Board of Directors which will be effective May 11, 2011.
Jim Girard, the current Vice President Finance and Corporate Secretary of the Company is assuming the role of Interim President and Chief Executive Officer effective April 12, 2011 until a permanent replacement is found. In his capacity as Interim President and Chief Executive Officer, Jim Girard has also been appointed to the Board of Directors as of April 12, 2011.