Business
Directorate Change
Directorate Change.
About this update from Kore Potash Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3607U\n Kore Potash PLC\n 01 April 2021\n \n \n \n \n \n \n \n 1 April 2021\n \n \n Kore Potash Plc\n \n \n (\"Kore Potash\" or the \"Company\")\n \n \n Change in Non-Executive Director\n \n \n Kore Potash plc, the potash development company with 97%-ownership of the Kola and DX Potash Projects in the Sintoukola Basin, located within the Republic of Congo (\"RoC\"), is pleased to announce the appointment of Mr Sameer Oundhakar as a Non-Executive Director of the Company nominated by the Oman Investment Authority (\"OIA\") with effect from 1 April 2021.\n \n \n Sameer replaces Mr Tim Keating who has resigned from the Board with effect from 1 April 2021. \n \n \n Mr Oundhakar, aged 47, joined OIA in 2018 and currently holds the position of Senior Manager - Diversified Private Equity Investments. He has extensive private equity experience across diverse industry sectors / geographies and represents OIA on investee company boards in Europe, Latin America and the Middle East. He has lived and worked in the Middle East (OIA, Seera), UK (Boston Consulting Group, Columbia Threadneedle, American Express), France and India (HSBC, Larsen & Toubro). Sameer has a Bachelor's degree with distinction in Mechanical Engineering from VJTI Mumbai, a Post Graduate Diploma in Management from IIM Lucknow and an MBA from INSEAD. \n \n \n David Hathorn, Non-executive Chairman, \n \n said: \n \"The Board of Kore Potash is very pleased to have Sameer formally join the Board. From mid-2019 Sameer has been attending Kore Potash Board meetings as an observer and is well informed on the Company's business and has been sharing valuable perspectives with the Board. As the manager of OIA's investment in Kore, it is logical that Sameer formally represents OIA on our Board.\n \n \n I also wish to thank Tim Keating for his input and support since the initial OIA investment in Kore in 2016. Tim's support was key to OIA's investment in the Company and he has been an active contributor to the Board. We all wish him well for his future endeavours.\"\n \n \n Other than the information disclosed below there is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.\n \n \n Current directorships\n \n \n Kenmare Resources plc\n \n \n Nova S...