Adds comments from new finance minister
QUITO, Oct 7 (Reuters) – Ecuador on Wednesday named economist Mauricio Pozo as the Andean country’s finance minister to replace Richard Martinez, who resigned after carrying out a successful bond restructuring plan and negotiating a loan with the International Monetary Fund.
Pozo, who previously served as finance minister from 2003 to 2004 under President Lucio Gutierrez, said he will focus on economic reactivation and strengthening Ecuador’s dollarization.
“I want to promote dialogue on the reforms that the country needs,” Pozo said during an event with Martinez and Ecuador’s President Lenin Moreno. “The country is in an adjustment process and it is only fair that it also have a recovery process.”
Martinez, who is leaving to work for the Inter-American Development Bank, recently completed a $6.5 billion financing agreement with the IMF. He also led the renegotiation of some $17.4 billion in sovereign bonds
One of the top names in healthcare real estate investment trusts (REITs) has changed its leadership.
On Monday after market hours, Welltower (NYSE: WELL) announced that its CEO and chairman of the board of directors, Thomas DeRosa, has stepped down from both positions. Company insider Shankh Mitra has replaced him as CEO, and real estate sector veteran Kenneth Bacon takes his place as chairman. All of these moves were effective Monday.
Welltower didn’t provide a detailed reason for the departure of DeRosa, who had served as the REIT’s leader for over six years. In its press release announcing his resignation, the company quoted him as saying vaguely that “the Board and I have decided that now is the right time for me to hand the reins to Shankh.”
Image source: Getty Images.
Mitra, who most recently served as Welltower’s chief investment officer, has been an executive at the REIT since
Aurora Cannabis (NYSE:ACB) has lost a bit of corporate stardust. Buried in an update about its upcoming annual general meeting, the marijuana grower revealed that billionaire investor Nelson Peltz has resigned as a senior advisor to the company.
The press release included no details nor any specific reasons for his departure. In an email to Marijuana Business Daily, Aurora said without much elaboration that “[t]his change is a direct result of Mr. Peltz’s decision to pursue other commitments.”
Peltz himself has not commented on the resignation.
The veteran investor’s tenure with Aurora did not last long. The company brought him on board to much fanfare in March 2019, in a move that was seen at the time as lending legitimacy to the marijuana sector.
Upon his appointment, Aurora wrote that it and Peltz “will work collaboratively and strategically to explore potential partnerships that would be the optimal strategic fit for
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