Dekeloil Public Limited Appointment of New In-Country CEO
02 November 2016 - 6:00PM
RNS Non-Regulatory
TIDMDKL
Dekeloil Public Limited
02 November 2016
DekelOil Public Limited / Index: AIM / Epic: DKL / Sector: Food
Producers
2 November 2016
DekelOil Public Limited ('DekelOil' or the 'Company')
Appointment of New In-Country CEO
DekelOil Public Limited, operator and 85.75% owner of the
profitable and vertically integrated Ayenouan palm oil project in
Côte d'Ivoire (the 'Project'), is pleased to announce that it has
appointed Mr. Vince McAleer as CEO of the Company's subsidiary,
Dekeloil Côte d'Ivoire SA. Mr McAleer, who has more than 25 years'
experience in tropical agriculture, processing and trading, will
commence the role on 16 November 2016 and will be based in Côte
d'Ivoire.
Mr McAleer replaces Mr. Eyal Timmor who has decided to pursue
other opportunities but will remain with the Company until the end
of the year to ensure a smooth transition. Eyal has been integral
in developing DekelOil into the profitable entity that it is now,
and the Directors would like to take this opportunity to thank him
for his valuable contributions and wish him the best for the
future.
Vince McAleer is a professional agribusiness manager with more
than 30 years' experience in tropical agriculture, processing and
trading, including 20 years of technical, operational, and board
level appointments in the palm oil sector in Indonesia, Nigeria and
Papua New Guinea with CDC and SIAT sa. Most recently Vince was CEO
of the African Agriculture Fund's palm oil platform, with
investments in the Democratic Republic of Congo and Sierra Leone.
He has a degree in agriculture from the University of Reading and
an MBA from the University of Warwick.
DekelOil Executive Director Lincoln Moore said, "The appointment
of Vince as CEO of our subsidiary in Côte d'Ivoire represents the
culmination of a six month process to find the right candidate with
the relevant experience and expertise to perform this important
role. With a strong background in agriculture and most importantly
an exceptional local knowledge of the West African palm oil
industry, Vince ticks all the boxes. We believe his addition to the
management team on the ground will be invaluable as we continue to
deliver on our strategy to become a leading West African crude palm
oil producer."
** ENDS **
For further information please visit the Company's website or
contact:
DekelOil Public Limited
Youval Rasin
Shai Kol +44 (0) 207
Lincoln Moore 236 1177
Cantor Fitzgerald Europe
(Nomad and Broker)
Andrew Craig +44 (0) 207
Richard Salmond 894 7000
Beaufort Securities Limited
(Broker)
Zoe Alexander +44 (0) 207
Elliot Hance 382 8300
Optiva Securities Limited
(Broker)
Christian Dennis +44 (0) 203
Jeremy King 137 1903
St Brides Partners Ltd (Investor
Relations)
Elisabeth Cowell +44 (0) 207
Frank Buhagiar 236 1177
Notes:
DekelOil Public Limited is a low cost producer of palm oil in
West Africa, which it is focused on rapidly expanding. To this end,
it has an 85.75% interest in one of the largest oil processing
mills based in Côte d'Ivoire, which has a capacity of 70,000 tons
of CPO. Feedstock for the Mill comes from several co-operatives and
thousands of smallholders, however it also has nearly 1,900
hectares of its own plantations. Furthermore, it has a world-class
nursery with a 1 million seedlings a year capacity.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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