Business
Appointment of CEO to Board and PDMR Notification
Appointment of CEO to Board and PDMR Notification.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n\n15 April 2024\n \nSavannah Resources Plc\n(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah' or the 'Company')\n \nAppointment of Chief Executive Officer to the Board of Directors and PDMR Notification\n \nSavannah Resources Plc, the developer of the Barroso Lithium Project (the 'Project') in Portugal, Europe's largest spodumene lithium deposit, is pleased to announce that, following the successful completion of his 6-month probationary period, Mr Emanuel Proença has been appointed as an Executive Director to the Company's Board of Directors with a commencement date of 15 April 2024, and has elected to take his fixed 2023 bonus in shares in lieu of cash.\n \nMatthew King, Savannah's Chairman said: \"In his short time as our CEO, Emanuel has operated at an exceptional level, successfully guiding our company through a highly challenging period whilst building new credibility in international markets and, importantly, Savannah's local market, Portugal. He has made key strategic appointments at different levels of the Company that have immediately delivered value and overseen the continued operational progress at our Barroso Lithium Project. I have every confidence that, under his leadership, the Project will be carried out in compliance with the highest standards of technical quality. He will also ensure that the environmental impacts for the local communities are minimised and that they share in the benefits of the Project, which is one of the most strategically important near term European raw material assets, supporting, as it does, the EU's ambition to become less dependent on external sources of lithium. Together with the rest of the Board, I look forward to working even more closely with Emanuel as we advance the Project towards production.\"\n \nEmanuel Proença, Savannah's new Executive Director said: \"Step by step, Savannah is progressing solidly towards its goal of becoming the main producer of lithium minerals in Europe, while serving well the Barroso region and its people, our shareholders and our team, and a successful and speedier energy transition in Europe. I am humbled by the additional appointment. I am also conscious that a lot is yet to be done, but I am confident in the steps we are taking and proud of the growing team we have. Following my first six months with the Company, I am more co...