ACA Acacia Mining Plc

 
TIDMACA 
 
28 August 2018 
 
                               Acacia Mining plc 
 
                                   LSE: ACA 
 
                          ("Acacia" or the "Company") 
 
                                 Board Changes 
 
Acacia announces that Mr Kelvin Dushnisky has tendered his resignation as a 
non-executive director of Acacia, effective as at 31 August 2018, and from his 
position as Chair of the Board.  This is further to the announcements made on 
23 July 2018 by Barrick Gold Corporation ("Barrick") and by AngloGold Ashanti 
Limited ("AngloGold Ashanti"), respectively, of Kelvin's impending departure 
from Barrick as at the end of August 2018, and his impending appointments as 
CEO and as an Executive Director of AngloGold Ashanti, to be effective 1 
September 2018. 
 
Further to Kelvin's resignation, the Board of Acacia has appointed Rachel 
English, one of Acacia's existing Independent Non-Executive Directors, as 
Interim Chair of the Board, with effect from 1 September 2018. 
 
Ms English is an Independent Non-Executive Director of Acacia. Ms English is a 
Fellow of the Institute of Chartered Accountants. Ms English has held senior 
positions in BG Group and Royal Dutch Shell, with responsibilities spanning 
finance, corporate strategy, mergers and acquisitions, and business 
development.  She began her career at PriceWaterhouseCoopers and subsequently 
worked for the World Bank Group and European Bank for Reconstruction and 
Development ("EBRD"), where she was involved in policy development and lending 
operations. Ms English has held a number of non-executive positions over the 
past 10 years. Currently, Ms English is also a Director of Helios Social 
Enterprise, which she founded to develop renewable energy access projects in 
rural sub-Saharan Africa. Ms English holds an MA in Politics, Philosophy & 
Economics from Oxford University. 
 
Following these changes, the Board of Acacia now comprises an Interim Chair 
(prior to appointment, an Independent Non-Executive Director), one Executive 
Director, three Independent Non-Executive Directors and one Barrick Nominee 
Non-Executive Director.  The Board will continue to consider opportunities for 
additional Board appointments as part of its orderly succession planning 
processes, and to ensure that it retains the appropriate balance and expertise 
to meet Acacia's business objectives.  An announcement on a permanent 
appointment to the role of Chair of the Board will be made in due course. 
 
Commenting on these changes Michael Kenyon, Senior Independent Director, said: 
"On behalf of the Board and the Company, I would like to thank Kelvin for his 
contribution to Acacia over the years and wish him the very best for his new 
role at AngloGold Ashanti. We also welcome and support Rachel in her new role 
as Interim Chair." 
 
In turn, commenting on her appointment as Interim Chair, Rachel English said: 
"It is a privilege to be accepting the position of Interim Chair of the Board 
of Acacia. In this role I will continue to work with my fellow Directors to 
seek to advance the Company in the interests of all of its stakeholders over 
the long term." 
 
ENQUIRIES 
 
For further information, please visit our website: www.acaciamining.com or 
contact: 
 
Acacia Mining plc 
 
+44 (0) 20 7129 7150 
 
Sally Marshak, General Manager - Investor Relations & Communications 
 
Camarco 
 
+44 (0) 20 3757 4980 
 
Gordon Poole / Nick Hennis 
 
 
 
END 
 

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