3rd Jul 2009 17:20
Upstream Marketing and Communications Inc.
('Upstream' or 'the Company')
Directorate changes
London, 3 July 2009
Upstream Marketing and Communications Inc. (AIM: UPS), the Asia-based full service marketing and corporate communications group, today announces that Mr. Shahed Mahmood has resigned as Chairman and Non-Executive Director with immediate effect in order to focus on other personal and business interests. The Board thanks Mr. Mahmood for his considerable efforts on behalf of the Company in the past and wishes him well in all his future endeavours.
Mr. Steve Smith, currently a Non-Executive Director, will take up the role of Non-Executive Chairman, with immediate effect.
The Company is also pleased to announce the appointment of Mr. Nikul Sarin (aged 44) to the Board as Non-Executive Director, with immediate effect. Mr. Sarin is a Senior Managing Director of Crosby Capital, an investment holding company that has interests principally in asset management and merchant banking in addition to having a portfolio of investments in the natural resources sector. Mr. Sarin has been involved in the financial services industry for over 15 years and during this time he has participated in a number of transactions both public and private aggregating in excess of US$6 billion.
David Ketchum, Chief Executive Officer of Upstream, commented: "I am delighted to welcome Nikul Sarin to the Board. His extensive knowledge of corporate finance and broad commercial perspective will further strengthen the Board's experience and knowledge base."
Under Schedule 2, paragraph (g) of the AIM Rules, the following information is disclosed:
Directorships held by Mr. Sarin in the past five years:
Current directorships Recent directorships
Crosby Capital (UK) Limited Red Dot Communications Limited
Crosby Capital Partners Limited (BVI)
Resource Management (India) Pvt Ltd
Chartfield Management Company Limited
Resource Management (India) Pvt Ltd
Mr. Sarin has confirmed there is no additional information under schedule 2, paragraph (g) of the AIM rules which needs to be disclosed.
Enquiries:
David Ketchum
+852 2973 0222
www.aboutupstream.com
James Harris/Angela Peace
Strand Partners Limited
+44 207 409 3494
About Upstream Marketing and Communications Inc.
Founded in 2000, Upstream is a full service marketing and corporate communications network positioned to help companies make the most of business opportunities in the Asia Pacific region. Upstream has offices in Beijing, Hong Kong, Shanghai, Singapore, Sydney, Taipei and Tokyo, as well as regional and global affiliates. Key practice areas include technology, corporate & financial, and consumer & travel.
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