Before joining Cydsa, Reynoso served in different executive and operating positions in manufacturing and financial services businesses. He has also served on the boards of different publicly traded and privately owned Mexican companies active in a range of industries, including mining, real estate, textiles, electronics and energy. He is a Mexican. He spent his elementary and high school years studying at St. Joseph’s Academy and then studied at Instituto Tecnologico y de Estudios Superiores de Monterrey, where he earned a bachelor’s degree, with honors, in public accounting. The company has decided that Reynoso is an independent director under Nasdaq rules.
Zsolt Rumy, Zoltek’s chairman and CEO, said, We are delighted that we were able to recruit Pedro to join the Zoltek Board. With the successful acquisition and retrofit of our facility in Guadalajara, our Mexican operations will be a key element in our future growth strategy and we expect Pedro will be an invaluable asset for us in that area. We have worked with Pedro in his role on behalf of Cydsa and came to respect his professionalism and expertise.
Rumy added, On behalf of all Zoltek’s shareholders, I also want to recognize Jim Betts for his many contributions as a Board member since our IPO in 1982. Jim has always been there for us, and we sincerely appreciate his friendship and willingness to generously share his background and experience as a respected chemical industry executive. We wish Jim all the best in his retirement.
