Business
Appointment of CEO and Non-Executive Directors
Appointment of CEO and Non-Executive Directors.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n\n \n \n\n12 September 2023\n \nSavannah Resources Plc\n(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah' or the 'Company')\n \nAppointment of Chief Executive Officer and Non-Executive Directors\n \nSavannah Resources plc, the European lithium development company, is pleased to announce that, following an extensive selection process, Mr Emanuel Proença has been appointed as the Company's new Chief Executive Officer ('CEO'). Emanuel is Savannah's first Portuguese CEO and will be based in Lisbon and will commence his role on 18 September 2023.\n \nDale Ferguson, Savannah's current Interim CEO, will return to his previous role as Savannah's Technical Director to lead the ongoing technical development of the Barroso Lithium Project (the \"Project\"). He will also retain his seat on the Company's Board.\n \nThe Company also welcomes two new Non-Executive Directors. Bruce Griffin joins as an Independent Non-Executive Director, while Mohamed Sulaiman joins as Non-Executive Director, replacing the retiring Imad Sultan (Non-Executive Director since July 2016) as the Board representative of Savannah's largest shareholder, Al Marjan Ltd (\"Al Marjan\"). These changes are effective immediately.\n \nHighlights\n· Emanuel brings to Savannah a wealth of Portuguese and international business and leadership experience gained across a range of relevant industries and disciplines, including energy, tech investment, and management consultancy\n· He joins Savannah from his role as CEO of Prio's industrial businesses. Prio is one of Portugal's 20 largest companies, and the country's largest green fuels and biodiesel producer, and its second largest provider of electricity for mobility and a network of charging points\n· At Prio, Emanuel's responsibilities included being CEO of multiple subsidiaries which generated over €1.5 billion in revenue and accounted for approximately 80% of the group's profitability in 2022\n· As Savannah's first Portuguese CEO, located in Lisbon, Emanuel will give Savannah a constant high-level presence in the Portuguese business, political and media ecosystems\n· Mr Proença's appointment as CEO will initially be in a Non-Board capacity. The Company envisages that Mr Proença will formally join Savann...