REG - Resolute Mining Ltd - Chair Transition and Appointment of NED

Resolute MiningAnnouncement

28/05/2024 07:45

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RNS Number : 0683Q  Resolute Mining Limited  28 May 2024

28 May 2024

 

Chair Transition and Appointment of Non-Executive Director

 

Martin Botha to retire as Chair and Non-Executive Director on 31(st) August
2024 as Andrew Wray appointed as Non-Executive Director

 

Resolute Mining Limited (Resolute or the Company) (ASX/LSE:RSG) is pleased to
announce the appointment of Andrew Wray as a Non-Executive Director of the
Company. Following Mr Botha's retirement, Mr Wray will succeed as Chair of the
Board of Directors of Resolute.

Mr Wray is a seasoned mining executive with extensive executive and Board
level experience in Africa. Mr Wray has held positions at both CEO and CFO
level, as well as having substantial banking and finance experience advising
companies in the mining and other sectors. He has led successful business
turnarounds with responsible project development, built leadership teams, and
executed corporate acquisitions as well as asset sales.

Mr Wray, the former CFO of one of Africa's largest gold producers - Acacia
Mining, was most recently CEO of West African focused gold miner Golden Star
Resources. Prior to this Mr Wray was CEO of the specialist mining investment
company La Mancha.

Before entering the mining industry, Mr Wray spent 14 years at JP Morgan
Cazenove, where he worked with a number of UK listed mining companies. He has
had non-executive director roles at Evolution Mining and Golden Star, and
currently Chairs Vedra Metals, a joint venture involving Appian Capital
Advisory, a specialist mining focused private equity group.

Resolute's Chairman, Martin Botha, welcomed Mr Wray to the Board: "I am
delighted that Andrew will be joining the Resolute Board, and particularly
pleased he will take over my role as Board Chair after a short transition
period. In my tenth year as a non-executive director of the Company, and with
the Company in a solid position, it is the appropriate time to make the
transition. Andrew brings a wealth of directly relevant experience, and his
manner and style of leadership will fit very well into the Resolute board
culture."

Sabina Shugg, Resolute's longest standing Non Executive Director, said, "On
behalf of the entire Board, I would like to thank Martin for his leadership as
Chair. He guided the Board and management team to a highly successful
corporate turnaround through challenging times. Having informed the Board of
his intention to step down Martin has overseen a smooth succession process and
retires with Resolute in a strong net cash position and once again focused on
growth. We wish him well in his future endeavours."

Mr Wray has also been appointed as a member of the Audit & Risk,
Remuneration and Nomination Committees.

Mr Botha will retire from the Board of Directors of Resolute as Chair and
Non-executive Director with effect on 31st August 2024. Following Mr Botha's
retirement, Andrew Wray will succeed as Chair of the Board of Directors of
Resolute.

 

Authorised by Mr Martin Botha, Chairman of the Board

 

Contact
 Resolute                                               Public Relations

 Matthias O'Toole Howes,                                Jos Simson, Tavistock

 Corporate Development and Investor Relations Manager   resolute@tavistock.co.uk

 Matthias.otoolehowes@resolutemining.com                +44 207 920 3150

 +44 203 3017 620

                                                        Corporate Brokers

                                                        Jennifer Lee, Berenberg

                                                        +44 20 3753 3040

                                                        Tom Rider, BMO Capital Markets

                                                        +44 20 7236 1010

 

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