Business
Announcement of New CEO
Announcement of New CEO.
About this update from Anglo Asian Mining Plc
[{"type":"text","content":"\n Anglo Asian Mining PLC\n13 April 2006\n\n\n\n\n\n\n\n ANGLO ASIAN MINING PLC\n\n ('Anglo Asian' or 'the Company')\n\n\n\n ANNOUNCEMENT OF NEW CHIEF EXECUTIVE\n\n\n\nAnglo Asian Mining PLC (AIM: AAZ), the gold and copper development company with\nprojects in Azerbaijan confirms that, Mr Gordon Lewis has agreed terms with\nAnglo Asian to take up the position of Chief Executive on 1 July 2006.\n\n\n\nOver the course of his career, Mr Lewis has worked as a senior mining executive\non a significant number of projects in emerging market locations. He is\ncurrently the Chief Operating Officer and an executive director of Alexander\nMining PLC and is based in Argentina. He will become a non-executive director\nof Alexander Mining once joining Anglo Asian as Chief Executive. Previously, he\nhad responsibility for Avocet Mining PLC's assets in Indonesia, which included\ntaking the North Lanut gold mine from in-fill drilling through to production.\nIn addition, he has gained experience with responsibility for the start up of\nMalaysia's largest gold mine for Avocet Gold Limited and with the management of\nvarious mining operations for RTZ.\n\n\n\nMr Lewis is a Member of the Australasian Institute of Mining and Metallurgy and\nholds a First Class Mine Manager's Certificate, South Australia.\n\n\n\nMr Mascall, the Chairman of Anglo Asian, commented 'We are delighted that Gordon\nis joining the Board as Chief Executive. His skills will be a major asset to\nthe Company and his appointment is further success in Anglo Asian's continuing\nstrategy of recruiting mining experience to the Board. We look forward to\nwelcoming Gordon in July.'\n\n\n\nThe information required under schedule two, paragraph (g) of the AIM rules will\nbe provided when Mr Lewis takes up his appointment.\n\n\n\nOptions over Ordinary Shares of 1 pence have been awarded at an exercise price\nof 42.5 pence per share on 12 April 2006 as follows;\n\n\n\nMr Gordon Lewis 1,487,577\n\n\n\nMr Richard Round 495,859\n\n\n\nDr Ross Bhappu 123,965\n\n\n\nAll of the above options vest in equal instalments 12 months, 24 months and 36\nmonths, respectively, from the date of award or date of appointment if later.\nThe options awarded to Gordon Lewis are conditional upon him taking up his\nappointment.\n\n\n\n\n\n-Ends-\n\n\n\nFor further details, please contact:\n\nAnglo Asian Mining PLC...