Business
Chairman Succession and changes to the Board
Chairman Succession and changes to the Board.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n\n \n \n\n24 June 2024\n \nSavannah Resources Plc\n(AIM: SAV, FWB: SAV and SWB: SAV) ('Savannah' or the 'Company')\n \nChairman Succession and changes to the Board\n \nSavannah Resources plc, the European lithium development company, announces that Mr Matthew King, after nine years of dedicated service, has given notice of his intention to retire as Chairman and step down as a Director of the Company, following the conclusion of the Annual General Meeting and effective from 25 June 2024.\n \nThe Board is pleased to confirm that, following an extensive selection process, Mr Rick Anthon has been appointed as the Company's new Chairman. Mr Anthon will commence his role on 25 June 2024. An executive and qualified lawyer with over 30 years' experience, Ricks adds significant lithium and wider mining sector knowledge to Savannah's Board. Having worked with Allkem (previously Orocobre) from its initial IPO as a small exploration company, Mr Anthon was Director of Corporate Development when the ASX-listed lithium group underwent an AUD 16Bn merger with Livent in 2023 to form NYSE listed Arcadium Lithium, now one of the world's largest producers of finished Lithium chemicals.\n \nThe Board is also pleased to confirm that Mr Diogo da Silveira has been appointed as Deputy Chair. Mr da Silveira joined the Company as a Non-Executive Director on 10 November 2022 and is a member of the Audit and Risk and Remuneration Committees. Mr da Silveira has been instrumental in engaging with Portuguese stakeholders since his appointment, acting as the Company's senior in country representative.\n \nThe Company also announces the resignations of Ms Mary Jo Jacobi (Non-Executive Director since 7 April 2022) and Mr James Leahy (Non-Executive Director since 26 November 2018). These changes will happen after the conclusion of the Annual General Meeting and become effective from 25 June 2024.\n \nWith the changes announced today combined with the future appointment of an additional director from the Company's new largest shareholder, AMG Advanced Materials N.V. ('AMG'), Savannah's Board is being made ready for its exciting future as a significant lithium raw material producer based in Portugal. The Board now has the deep sector experience and knowledge required across mining, lithium, Portuguese and international...