The Plaza Group, a privately owned international petrochemical marketing firm, announced that it has transitioned its Board of Advisors to a Board of Directors structure.
The new Board of Directors is comprised of five independent members that were all part of the former Board of Advisors, including: Chairman Carmine Falcone, Eugene R. Allspach, Robert T. Betz, Mario Concha and John Yanney as well as Randy Velarde, The Plaza Group President.
“A Board of Directors is instrumental in ensuring disciplined business processes, better business practices and a consistency of approach looking toward the future for successful private companies like The Plaza Group,” said Chairman Carmine Falcone.
Randy Velarde, The Plaza Group President, says the move reflects the company’s commitment to continued growth and expansion. “The Plaza Group continues to experience significant growth each year. The transition to a Board of Directors structure will allow The Plaza Group to more effectively address the increased demands faced by rapidly growing companies for the defined processes of corporate governance as The Plaza Group continues to expand.”