Business
Restructure for Development of Tulu Kapi
Restructure for Development of Tulu Kapi.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \nRNS Number : 0028E KEFI Minerals plc 13 July 2016 \n\n 13 July 2016\n \nKEFI Minerals plc \n(\"KEFI\" or the \"Company\")\n \nBOARD OF DIRECTORS RESTRUCTURED FOR DEVELOPMENT OF TULU KAPI\n \nKEFI Minerals (AIM: KEFI), the gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, announces that the Board of Directors is being restructured as from August 2016 as part of the Company's transition towards gold production. \n \nIt is intended that Mr Mark Wellesley-Wood, experienced African mining operator, will join the Board as Non-Executive Director. He will also serve as Chairman of the newly-created Technical Review Committee and Professor Ian Plimer will serve as Chairman of the newly-created Exploration Review Committee. The existing roles of Deputy Chairman and Senior Independent Director will pass from Professor Plimer to Mr Mark Wellesley-Wood as from January 2017. \n \nThe Board of Directors will establish its two new committees to independently review technical and exploration matters during the Company's planned rapid expansion. This will allow Mr Jeff Rayner to step down from the Board and to focus on a more free-ranging role to identify value adding opportunities for KEFI's next stage of development. Mr Rayner will also continue to advise and mentor the exploration team, which remains under Group Exploration Manager, Dr Fabio Granitzio.\n \nMr John Leach has agreed to join the senior executive team as Finance Director as this function expands in scale and responsibility.\n \nThese changes to the structure of the Board of Directors serve a number of important purposes as the Company begins its transition towards production. The Board will compris...