Global Ferronickel Holdings Inc. (FNI), a publicly listed mining firm, announced Thursday that its Board of Directors has approved the immediate voluntary leave of absence of chairman Joseph Sy.
The company said the decision reflects the Board’s commitment to allowing Sy the space to address his personal legal matters—particularly questions surrounding his citizenship—while ensuring the continued protection of the company’s interests and those of its stakeholders.
FNI said its board has elected company president Dante R. Bravo to assume the role of chairman. Bravo will serve in both capacities—president and chairman—subject to annual performance evaluations by the Board and the Corporate Governance Committee.
FNI also created the new position of vice chairman to strengthen oversight. Lead independent director Jaime F. Del Rosario has been appointed to the role. As vice chairman, Del Rosario will provide additional governance checks, preside over meetings in the chairman’s absence, act as an intermediary between the chairman and fellow directors when needed, convene and lead meetings of non-executive directors, and assist in evaluating the chairman’s performance.
These governance changes highlight FNI’s commitment to stability, transparency, and strong corporate leadership as it continues to execute its strategic business objectives.
