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Oxus Gold PLC (OXS)

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Tuesday 03 February, 2009

Oxus Gold PLC

Directorate Change

RNS Number : 7285M
Oxus Gold PLC
03 February 2009
 



             

Oxus Gold PLC


 ('Oxus' or the 'Company')


Board Changes


Oxus Gold plc ('Oxus' or the 'Company') (OXS.L) is pleased to announce the appointment of James Ronald Gordon McBurney as non-executive director of the Company with effect from 1 February 2009.


Mr McBurney, aged 49has twenty years' experience in the banking sector and has held senior positions 
in Bank of America, Merrill Lynch, Goldman Sachs and JNR (UK) Limited. Further information relating 
to Mr McBurney is set out below.


Jonathan Kipps resigned from the Board with effect from 31 January 2009. Mr Kipps has been serving as Financial Director since November 2002 and as Company Secretary since January 2008. 


The role of the Company's Finance Director will be split between Richard Thornton and Jyoti Chandhok, who will report directly to the BoardRichard Thornton is a chartereaccountant with more than 20 years' experience in senior level financial and commercial positions in companies, including those in the FT100 Index, in a range of industries, and in the last 5 years in mining companies. He has previously served as Finance Director and Company Secretary of AIM quoted and other companies


Jyoti Chandhok has a Bachelor of Arts in Economics and an MBA from Lucknow University in India and 
is a Chartered Management Accountant. She has worked for the last eight years in the mining sector, 
primarily with junior mining companies, reporting and assisting with 
compliance with the AIM Rules.


Jyoti Chandhok is appointed as the Company Secretary with effect from 1 February  2009.


Richard Shead, Non-Executive Chairman since 5 December 2008, assumed the role of Executive 
Chairman from 1 February 2009 


Richard Wilkins, CEO, commented 'I would like to thank Johnny Kipps for his services to the Company over the last six years and I wish him well in his retirement. I am confident that the new financial team is more than capable of managing the Company's accounting and financial requirements to the highest standards. I would also like to welcome Jim McBurney to the Board and I know that his considerable experience within the banking and financial sector will be of great benefit to the Company. Finally I welcome Richard Shead's decision to assume executive responsibilities as Chairman. I believe the restructured Board and finance department has the appropriate skills to manage the Company effectively and efficiently as we now look to expand our existing operations to the next level of production'.


For further information, please contact:


Oxus Gold PLC

Richard Wilkins (CEO)


Tel: +44 (0) 207 907 2000




Fairfax I.S. PLC

Ewan Leggat


Tel: +44 (0) 207 598 5368


Conduit PR Ltd

Fiona Hyland/ Ed Portman


Tel: +44 (0) 207 429 6614

                                                                             Mob: +44 777 600 5847










Appendix:

AIM Rules Schedule 2 Disclosure

For the purposes of paragraph (g) of schedule 2 of the AIM rules James Ronald Gordon McBurney, aged 49holds or has held the following directorships:


COMPANY 

APPOINTED

RESIGNED

CURRENT DIRECTORSHIPS 



Caspet Holdings

Oct 2008

N/A

DIRECTORSHIPS IN PAST FIVE YEARS



JNR (UK) Limited

Feb 2005

Dec 2008

Soyuz Metallresours

Nov 2005

Dec 2007


There is no other information regarding Mr McBurney to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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