Veritas Investments Limited announced that, Michael Morton has resigned from the Board at the conclusion of the meeting for his years of service, not only as a director but also as an operating executive, and acknowledge his ongoing interest in the business as the major shareholder. The Board also announced that they have appointed Mr. Craig Norris as a new director of the company, effective immediately. Mr. Norris has a substantial background in investment banking, mergers and acquisition and corporate advisory work. He is currently a private investor with hospitality and tourism interests, and prior to that was a Managing Director in principal investment at JPMorgan based in Hong Kong. Mr. Norris has worked in significant financial institutions and banks in London and New York, and will stand for formal election at the next AGM. After considering all relevant circumstances, the directors have determined that Mr. Norris is not an Independent Director.