Present at the meeting were the Governor of the Province of Río Negro, Alberto Weretilneck; the President of the Argentine National Commission of Atomic Energy (CNEA, in Spanish), Osvaldo Calzetta Larrieu; members of the Board of Directors of INVAP; its President, Horacio Augusto Osuna; its Vice-President, Hugo Albani; Permanent Directors Néstor Pablo Tognetti and Christian Tisot; the permanent trustee, Américo Antoniotti; the General Manager, Héctor E. Otheguy; the Deputy General Manager, Vicente Campenni; and the Administration and Finance Manager, Carlos E. Montenegro.
During the meeting, the Report and the Annual Financial Statements corresponding to the 42nd fiscal year, which ended on June 30, 2017, were approved unanimously.
Besides, it was unanimously decided to allocate the earnings —which amounted to $23 millions— to the four following purposes: a statutory reserve, the nursing home El Descanso de Jesús (Jesus’ Rest), a bond for employees, and an optional working capital reserve. Besides, the performance of the Board of Directors’ and the Supervisory Committee’s members during the fiscal year was approved.
According to the regulations of the National Securities Commission, the external auditor for the next fiscal year (ending June 30, 2018) was appointed. The official certifying accountant will be Public Accountant Esteban Rubén Basile, from the company Crowe Horwath International.
Furthermore, the appointment of Lic. Héctor Eduardo Otheguy as new Permanent Director replacing Guillermo Gesualdo, who resigned, was approved, together with the following position changes: Lic. Héctor E. Otheguy will occupy the position of President of the Board of Directors replacing Mr. Horacio A. Osuna, who will remain as a Permanent Director.
After the Shareholders' Meeting, the Board of Directors' Meeting took place, in which Dr. Vicente Domingo Campenni was appointed as the new General Manager of INVAP S.E.