Paladin Resources PLC
24 June 2002
PALADIN RESOURCES PLC
("Paladin" or "the Company")
Appointment of Finance Director
Paladin Resources plc announces the appointment of Daniel Stewart-Roberts as
Group Finance Director, with effect from 1st August 2002.
He will be joining Paladin from MOL Rt., the privatised Hungarian integrated oil
and gas business where he is currently the Accounting and Tax Director. Prior to
joining MOL Rt. he was a partner in the Budapest office of Deloitte & Touche,
where he spent 8 years working in their audit practice across a number of
Over the last four years Cuth McDowell has had responsibility, as executive
director, for financial as well as commercial and business development
activities in the Company. Given the growth in the Company's asset base over the
last four years, and with the appointment of Daniel Stewart-Roberts, Cuth will
focus on his commercial and business development responsibilities from 1st
The Company confirms that there is no information to be disclosed with regard to
Mr. Stewart-Roberts pursuant to Rule 16.4(b) of the Listing Rules of the
Financial Services Authority.
Malcolm Gourlay, Chairman of Paladin Resources plc, commented:
"Paladin's growth and financial performance over the last five years have been
impressive and to the credit of the current management team. We have now reached
a stage in the Company's growth where it makes sense to split the finance and
commercial roles at executive director level.
I am delighted that Daniel has agreed to join Paladin; I am sure that he will
make a significant contribution to the next stage of the Company's development.
24 June 2001
Paladin Resources plc Tel: 020 7534 2900
Roy A. Franklin, Chief Executive
College Hill Tel: 020 7457 2020
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