Antonio Arenas

Antonio Arenas was appointed as a director of the Spectrum Group "on December 5, 2006. and as Executive Chairman since October 9, 2007. Mr. Arenas is a Managing Director and the Chief Executive Officer of COALCA, S.A., a company involved in the sale and distribution of consumer and pharmaceutical products, and land development in the Canary Islands and Spain. Mr. Arenas also has significant experience serving as an independent advisor with companies pursuing turnaround strategies. Recent projects include serving as the senior advisor to Papeteries de Gaves, serving as a part-time managing director of TACISA, and serving as a senior advisor and member of the board of Exclusivas Roca S.L. Mr. Arenas received a degree in law from the Universidad Complutense de Madrid in 1977."