Managing Director & CEO change

RNS Number : 4484C
Resolute Mining Limited
19 October 2020
 

19 October 2020

 

Resolute Mining Limited

(Resolute or the Company)

 

Resolute Managing Director & CEO change

`

The Board of Directors of Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) advises that, after five years with the Company as Managing Director and CEO, Mr John Welborn has stepped down from the role.

Resolute Chief Financial Officer, Mr Stuart Gale, has been appointed as Interim Chief Executive Officer while an executive search process is undertaken. Mr Gale will be well supported by Resolute's executive team and the Board.

Resolute Chairman Martin Botha said: "John has worked hard to reposition and transform the business over the past five years, and the time is right to introduce a new CEO to take Resolute forward, to deliver improvement in operational outcomes and resilience, and to deliver the next phase of sustainable value for the company.

"Under his leadership, Resolute has been active corporately to build its mining profile and dual-list on the London Stock Exchange. On behalf of the Board I would like to thank him for his valuable contribution and wish him well in his future endeavours."

Interim CEO Stuart Gale joined Resolute as Chief Financial Officer in January 2020, having previously held senior executive positions at Fortescue Metals Group Limited and Wesfarmers.

The Board is commencing a comprehensive process to recruit a new CEO with the skills and industry experience to lead the executive team and deliver on Resolute's strategy.

There is no change to 2020 Guidance.

Authorised by Mr Martin Botha, Chairman 

Contact   Information - Investors

Resolute

Martin Botha, Chairman

Telephone: +44 776 724 3541

Email: contact@rml.com.au

Web: www.rml.com.au

 

Contact Information - Media

Berenberg (UK Corporate Broker)

Matthew Armitt / Jennifer Wyllie / Detlir Elezi

Telephone: +44 20 3207 7800

 



FTI Consulting (Australia)

Cameron Morse / Adrian Watson

Telephone: +61 433 886 871 / +61 419 040 807

Email:  cameron.morse@fticonsulting.com
  adrian.watson@fticonsulting.com

Tavistock (UK Public Relations)

Jos Simson / Emily Moss / Annabel de Morgan / Oliver Lamb

Telephone: +44 207 920 3150 / +44 778 855 4035

Email: resolute@tavistock.co.uk

 

 

ASX/LSE: RSG Capital Summary

Fully Paid Ordinary Shares: 1,103,892,706

Current Share Price:

A$0.96 as at 16 October 2020

Market Capitalisation: A$1.1 billion

2020 Guidance:

400,000oz to 430,000oz gold production

AISC of US$980/oz to US$1,080/oz

 

Board of Directors

Mr Martin Botha Non-Executive Chairman
Ms Yasmin Broughton Non-Executive Director

Mr Mark Potts Non-Executive Director

Ms Sabina Shugg Non-Executive Director

Mr Peter Sullivan Non-Executive Director

Contact

Martin Botha Chairman

Level 2, Australia Place | 15-17 William St
Perth, Western Australia 6000
T: +61 8 9261 6100 | F: +61 8 9322 7597
E:
contact@rml.com.au

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCEASENFSAEFEA
UK 100

Latest directors dealings