Centamin PLC Appointment of CEO (5488I)
02 April 2020 - 5:00PM
UK Regulatory
TIDMCEY
RNS Number : 5488I
Centamin PLC
02 April 2020
2 April 2020
Centamin plc
("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)
Appointment of CEO
Centamin announces the appointment of Martin Horgan as Chief
Executive Officer ("CEO") and Director of the Company, effective 6
April 2020.
Martin is a qualified mining engineer with 25-years' experience
in multiple areas of the mining industry. In his career he has
shown a strong strategic and operating acumen as well as
demonstrating a longstanding commitment to environmental and social
responsibility within mining, which is central to Centamin's
decision-making and corporate strategy.
From 2009 to 2019 Martin was the Co-Founder and CEO of Toro Gold
Ltd ("Toro"), where he oversaw the discovery, development and
operation of the Mako Gold Mine in Senegal. Toro was acquired by
LSE and ASX listed Resolute Mining in August 2019. Prior to
founding Toro, Martin was Executive Director of BDI Mining, an AIM
listed diamond producer, and from 2000 to 2006 he worked in mining
finance at Barclays Capital in London, where his responsibilities
included technical appraisal and advisory services across Africa
and the Middle East. He also held consulting engineer roles with
SRK Ltd and started his career as a mining engineer with Gold
Fields of South Africa.
Martin will succeed interim CEO, Ross Jerrard, allowing Ross to
focus on his role and responsibilities as Chief Financial Officer.
The Board will work closely with Martin to ensure a smooth
transition and collectively agree a plan to further strengthen the
business and deliver on the opportunities for growth that lie
ahead. In line with ongoing organisational restructuring the
General Manager of Sukari will report directly to the CEO, with
Jeremy Langford resigning from his position as Chief Operating
Officer to pursue other interests. The Board would like to thank
Jeremy for his contribution and commitment and wishes him well in
his future endeavours.
These changes represent further steps in reshaping and
strengthening the Company's leadership team, with a balance of core
skills and experience best suited to deliver sustainable
stakeholder returns.
Josef El-Raghy, Chairman , commented: "Appointing someone of
Martin's calibre follows an intensive international search process
and will enable Centamin to move forward with confidence. Martin
brings not only excellent technical, commercial and financial
experience but also strong operational and leadership skills which
he demonstrated as CEO at Toro Gold. Combined with his deep
knowledge and understanding of gold mining across Africa, we
believe that he will make an invaluable contribution to the
Company. On behalf of the Board, I would like to thank Ross for his
commitment and professionalism in taking on the role as interim
CEO. Ross has provided excellent leadership, keeping Centamin
focused during challenging circumstances, as we navigated an
unsolicited corporate approach and the ongoing coronavirus
pandemic."
Martin Horgan, CEO commented on his appointment: "I am excited
to be given the opportunity to lead Centamin at this important
stage in its development. The Sukari mine is a world class
operation that will continue to underpin the future prospects of
the Company, while at the same time pursuing the development of the
growth options, as we seek to build a multi-asset gold producer. I
am very much looking forward to working with the management team
and the Board to deliver the full potential of the Company for all
our shareholders, stakeholders and partners."
There are no further details that are required to be disclosed
in respect of the appointments under LR9.6.13 of the Listing Rules
of the Financial Conduct Authority.
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014.
Enquiries
For further information, please visit the website
www.centamin.com or contact :
Centamin plc Buchanan
Alexandra Carse, Investor Relations Bobby Morse
alexandra.carse@centamin.je centamin@buchanan.uk.com
+44 (0) 7700 713 738 +44 (0) 207 466 5151
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END
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