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AFCR, the AIM listed resources and development company, has announced key board changes which reflect the Company’s evolving strategic development, including fast-tracking its flagship Pickstone-Peerless Gold Project towards production.
The following board changes will take effect immediately.
Overview:
– Appointment of Mr William Battershill as Chairman – a highly experienced and successful businessman with an extensive background and network in the Southern African industrial sector
– Appointment of Mr Eric Diack as a Non-Executive Director – Mr Diack brings a vast understanding of the sub-Saharan African industrial and mining landscape with board level experience from major companies including ArcelorMittal, Aveng, AMIC, Adcock Ingram, Bidvest and Anglo American Ferrous and Industries
– Mr Roy Pitchford, current Acting Chief Executive Officer (‘CEO’), will become the Company’s permanent CEO
– Mr Roy Tucker, AFCR’s current Chairman, will transition into the role of Finance Director. He remains as Company Secretary
– Mr Stuart Bottomley, Mr Neville Nicolau, current Non-Executive Directors, and Mr Michael Kellow, Technical Director, will all step down from the board
Roy Tucker said “As we refine our investment proposition, and steer the Company towards commercial gold production in the near term from our flagship Pickstone-Peerless Project in Zimbabwe, so too must our board develop and evolve to ensure the right balance of corporate and industry expertise to execute these plans in a capital efficient manner. With this in mind, I am delighted to announce the appointment of Will and Eric, both highly distinguished figures in the Southern African business sector, who will provide invaluable support to our operations and strategic direction over the coming months. These two new directors, together with our now permanent CEO Roy Pitchford, have the requisite skills to drive operational progress and corporate development.
“I would also like to take this opportunity to extend my sincere thanks to Stuart, Neville and Mike for their unwavering support over the years. I also look forward to continuing our relationship with Mike, as whilst the Company prioritises production in Zimbabwe rather than exploration, it is intended that Mike will be involved in developing exploration projects in other areas where the Company has interests.”
