San Diego-based Lustros Inc. (OTCQB: LSTS) announced Wednesday that William Farley has accepted the position of chairman and CEO. Lustros' current CEO, Gonzalo Troncoso, will remain with the company as president.
Farley is the sole shareholder of Liam Ventures Inc., a private equity firm with investments in various industries including technology, communications, railroad and basic industries.
Farley is also CEO and owner of Zrii International, a liquid nutritional marketer, in Salt Lake City, Utah. He also served as chairman and CEO of Farley Inc. and Fruit of the Loom Inc. from the time he acquired the company in 1986 through December 1999.
Lustros, through its Chilean subsidiaries, is in the business of copper mining and the manufacturing of food-grade copper sulfate.