Intention-listed Caledonia Mining Company has introduced that John Kelly intends to step down as chairperson of the board with impact from the top of the corporate’s AGM to be held on Might 5.
Caledonia reviews that July Ndlovu, at the moment an unbiased nonexecutive director, has supplied to turn into the brand new chairperson, topic to his election by the board.
“I’m honoured to be thought-about for the function of chairperson at an necessary level within the firm’s improvement. The enterprise has sturdy working foundations and a compelling development alternative within the Bilboes venture, which has the potential to take Caledonia into its subsequent stage of development,” Ndlovu says.
Kelly, who joined the board in Might 2012 and has served as chairperson for the previous three years will, offering he’s re-elected as a director of the corporate by shareholders on the AGM, proceed to serve on the board as a nonexecutive director, thus offering continuity and the continued good thing about his expertise and perception.
Throughout his tenure as chairperson, Caledonia says Kelly has guided the board by a major interval of transition and alter at Caledonia, offering stewardship over the continued operational supply on the firm’s Blanket mine, in Zimbabwe, whereas supporting the development of the corporate’s development technique.
“It has been a privilege to function chairperson over the previous three years, and to have supported the corporate by a interval of serious transition and alter.
“Caledonia is effectively positioned for the longer term, underpinned by the sturdy efficiency of Blanket mine and the progress being made in direction of Caledonia’s subsequent section of development. I’ve little question that July as chairperson will improve the prospects for our continued success.
“I sit up for persevering with to help the board and administration as a non-executive director and to working carefully with the brand new chairperson,” says Kelly.
“I might additionally wish to thank John, on behalf of the board, for his management and steerage as chairperson.
“I’m more than happy that he’ll proceed to function a nonexecutive director, and I sit up for working carefully with him, the board and administration workforce to assist information the corporate by this subsequent section and to ship long-term worth for shareholders,” says Ndlovu.
“On behalf of the board and administration workforce, I want to thank John for his contribution and counsel over a few years, and significantly for his stewardship as chairperson over the previous three years throughout a interval of change for the corporate,” provides Caledonia CEO Mark Learmonth.
“His steerage and deal with governance and strategic progress have been invaluable, and I’m glad that he intends to stay on the board.
“I sit up for working carefully with July as soon as he’s formally elected by the board as chairperson as we proceed to advance Caledonia’s technique, together with the event of the Bilboes venture,” Learmonth provides.
