Argex Titanium Inc. announced that its board of directors will be appointing Mr. Mazen Alnaimi as the corporation's Executive Chairman and CEO. Mr. Alnaimi, whose management company subscribed to 50% of the offering, will lead the corporation's development. Mr. Alnaimi has vast experience spanning almost 30 years in the commercialization of greenfield oil and gas, petrochemicals and steelmaking projects.

In 2001, he started a successful decorative laminate plant (MODECOR), again as a greenfield project. Mr. Alnaimi has also started several businesses in consulting, logistics and oil and gas services. The company announced Mr. Carroll Moore will also be joining the new team as Chief Operating Officer.

He will be leading a technical team of process engineers and chemists supported by external expert consultants. Mr. Moore, who obtained a Bachelor of Chemical Engineering, did graduate work in industrial engineering in addition to earning an MBA through the University of Chicago's Executive Program. He has been directly involved with Mr. Alnaimi in various projects over the course of the last 15 years and has four decades of experience in petroleum, chemical and business development activities.

His expertise covers technology, construction, marketing, operations and financing of large projects globally.