Business
Board changes and Director ap
Board changes and Director ap.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n RNS Number : 9540P Jubilee Platinum PLC 27 July 2010 \n \n\n (A company incorporated in England and Wales with Registration Number 4459850)\n \nShare code on the JSE Limited: JBL\nShare code on AIM: JLP \nISIN: GB0031852162\n \nJUBILEE PLATINUM PLC\n \n(\"Jubilee\" or \"the Company\")\n \nBOARD CHANGES AND DIRECTOR APPOINTMENT\nJubilee wishes to announce the following board changes and new appointment:\nJubilee is pleased to announce that Colin Bird, currently Chief Executive Officer (\"CEO\"), will assume the role of non-executive Chairman with effect from 1 August 2010, relinguishing his duties as CEO. Malcolm Burne is stepping down as non-executive Chairman, due to other commitments.\nLeon Coetzer will assume the role of CEO with effect from 1 August 2010, relinquishing his position as MD Smelting and Refining.\nThe Company is pleased to announce that Eduard Victor, a newly appointed director, will take on the role of Finance Director with effect from 1 August 2010. Andrew Sarosi will relinquish his duties as Finance Director and will continue as Executive Director from the same date. \nMalcolm Burne commented, \"These changes and appointment are appropriate for the rapidly developing nature and operations of the Company. I welcome Leon Coetzer in his new role as CEO and wholeheartedly support Colin Bird as my replacement.\"\nColin Bird commented, \"Following the Company's successful acquisition of Braemore Resources and the focus on commercialization of ConRoast technology, it is appropriate and timely that I step down as CEO. The appointment of Leon Coetzer, who is spearheading the ConRoast programme, is integral to Company succession planning. He brings to the Company top-drawer technical expertise and experience of the platinum industry. I look forward to supporting him fully in the commercial development of ConRoast. As chairman I will continue to take an active role in the Company's diverse activities.\" \nThe board wishes to thank Malcolm Burne for his services and guidance in the development of Jubilee from a fledgling junior to a maturing operational entity.\nMr Burne and his associates intend to retain their shareholding in the Company and fully support management as it develops its exciting growth strategy.\n \nThe board is pleased to welcome Eduard Victor as...