Kenmare Resources Board Update
June 26 2018 - 1:00AM
UK Regulatory
TIDMKMR
Kenmare Resources plc ("Kenmare" or "the Company")
26 June 2018
Board Update
Kenmare Resources plc is pleased to announce that Mr Clever Fonseca has
agreed to join the Company's Board as an independent Non-Executive
Director, effective 1 July 2018. Mr Fonseca has worked in the titanium
industry for over thirty five years and has extensive knowledge and
board-level management experience of mineral sands mining.
Mr Fonseca has experience of working in the titanium pigment and
feedstock industries. He was responsible for developing Brazil's only
dredge-mined mineral sands operation, was Vice President of Global
Supply and Mining for Millennium Inorganic Chemicals (now Cristal
Global) in the US, and also served as Executive Director of Mineral
Deposits Limited in Melbourne. Most recently, he was Chief Executive of
TiZir Limited, where he was responsible both for the development of the
Grand Côte mineral sands mine in Senegal, and its integration with
the TTI smelter at Tyssedal, to form TiZir. He retired from TiZir in
2012.
He has a BSc in Mining Engineering from Universidade Federal De
Pernambuco, and an MBA from Fundacao Getulio Vargas, both in Brazil.
The appointment of Mr Fonseca is consistent with the Board's aim of
continually improving governance, by ensuring the highest levels of
relevant industry skills and experience are reflected in the Company's
set of independent Non-Executive Directors.
Coincident with Mr Fonseca's appointment, to maintain the same number of
Directors on the Board and to further increase the ratio of
Non-Executive Directors to Executive Directors, Terry Fitzpatrick who
has served with great distinction and loyalty for many years as
Executive Technical Director, retires as from 1 July from the Company's
Board, but will take up a position as director on the boards of
subsidiary operating companies.
Commenting on the annoucement, Steven McTiernan, Chairman of Kenmare
said:
"I am delighted that Clever has agreed to serve on the Kenmare Board. We
expect to benefit hugely from his independent industry insights,
exposure to diverse mineral sands projects globally, and extensive
operations experience. These qualities will be invaluable as we consider
mine development options and other strategic decisions in the years
ahead.
I would also like to sincerely thank Terry for his immense and
unstinting contribution to the Board over many years and look forward to
his continuing executive contribution to the company in the future."
There are no matters in respect of Mr. Fonseca requiring disclosure
under UK Listing Rules 9.6.13(1) to 9.6.13(6) inclusive.
For further information, please contact:
Kenmare Resources plc
Michael Carvill, Managing Director
Tel: +353 1 671 0411
Jeremy Dibb, Corporate Development and Investor Relations Manager
Tel: +353 1 671 0411
Mob: + 353 87 943 0367
Murray
Joe Heron / Aimee Beale
Tel: +353 1 498 0300
Mob: +353 87 690 9735
Buchanan
Bobby Morse / Chris Judd
Tel: +44 207 466 5000
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Kenmare Resources via Globenewswire
http://www.kenmareresources.com/
(END) Dow Jones Newswires
June 26, 2018 02:00 ET (06:00 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
Kenmare Resources (LSE:KMR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Kenmare Resources (LSE:KMR)
Historical Stock Chart
From Jul 2023 to Jul 2024