Noble Iron's Board of Director steps down

Harry Jaako has stepped down from the Noble Iron's board of directors. Jaako said he is resigning from the company's board was due to the demands of his overall business commitments. Discovery Capital, Jaako's investment fund, remains a significant shareholder of Noble Iron and Jaako expressed his support of the company's strategic direction and future, Noble Iron said in a statement.

"Since joining the board of Texada Software 11 years ago, I have been pleased to help build one of the most respected software vendors to the rental industry," Jaako said. "The transition of the company to Noble Iron signaled the seizing of a great new strategic direction - launching a visionary equipment enterprise driven by disruptive e-commerce technology, to deliver the best and most cost-effective solution for this market. It has been an honor for me to have served this Board, the management team and shareholders."

Nabil Kassam, founder, chairman and CEO of Noble Iron, said, "Harry's contribution to Noble Iron has fundamentally helped shape our vision and catalyze our growth. We hold the deepest appreciation for Harry's many years of service to the company. I look forward to continuing to seek counsel from Harry as an informal advisor and as a friend."