TMCnet News
SPDR GOLD TRUST FILES (8-K) Disclosing Other Events(Edgar Glimpses Via Acquire Media NewsEdge) ITEM 8.01 OTHER EVENTS. On July 31, 2014, Kevin Feldman resigned as Chief Executive Officer of World Gold Trust Services, LLC ("WGTS"), the sponsor of the SPDR® Gold Trust (the "Trust"), effective as of August 15, 2014. Mr. Feldman's resignation was a personal decision and was not as a result of any CEO or WGTS performance-related issue or any other matters related to the operations, policies or practices of the Trust. On July 31, 2014, the Board of Directors of WGTS (the "Board") appointed Aram Shishmanian, Executive Director of WGTS, to serve as the Acting Chief Executive Officer of WGTS effective the date of Mr. Feldman's departure. Mr. Shishmanian, age 63, has been a member of the Board since it was established in January 2013. Mr. Shishmanian has served as Chief Executive Officer of the World Gold Council, the ultimate parent of WGTS, since January 2009. He was previously employed by Accenture plc, a multinational management consulting, technology services and outsourcing company. During his 27 years at Accenture and its predecessor companies from 1975 to 2003, Mr. Shishmanian held a number of leadership roles, including Global Managing Partner of the financial markets industry practice, before becoming a senior partner. He has previously served as a Non-Executive Director of Resolution plc, the Senior Non-Executive Director of Victoria plc, a Non-Executive Director of a Swiss based asset-management company and several other companies. Prior to joining the World Gold Council, from 2005 to 2010, he was an independent member of the International Executive of Hogan Lovells LLP, one of the leading global law firms. He holds a BA in Economics and an MBA. -------------------------------------------------------------------------------- |