Appointment of Non-Executive Director and Chair Designate
03 December 2021 - 06:00PM
Appointment of Non-Executive Director and Chair Designate
Kenmare Resources plc(“Kenmare”
or “the Company” or “the Group”)
3 December 2021
Board Update -
Appointment of Non-Executive Director
and Chair Designate
Kenmare Resources plc (LSE:KMR, ISE:KMR), one of the leading
global producers of titanium minerals and zircon, announces the
appointment of Andrew Webb as a Non-Executive Director and Chair
designate. Mr Webb was appointed to the Board on 2 December 2021
and is expected to succeed Steven McTiernan as Chair of Kenmare’s
Board of Directors. Mr McTiernan will step down from the Board
following the Company’s 2022 Annual General Meeting, having
completed a nine-year term on the Board.
Mr Webb’s appointment follows a thorough evaluation and
succession process led by the Nomination Committee, in conjunction
with independent executive search firm, The Effective Board LLP. Mr
Webb brings significant financial and natural resources experience
to the Kenmare Board, as well as valuable commercial expertise,
insight and strategic leadership.
Retirement of Steven McTiernanSteven McTiernan
was appointed a Non-Executive Director of the Group in March 2013
and as Chair in June 2014. Under his leadership, the Group has
developed significantly, successfully completing three growth
projects, with production and profitability records set in H1
2021.
Appointment of Andrew WebbAndrew Webb brings
extensive natural resources and financial advisory experience to
the Board. Mr Webb was previously a Managing Director at Rothschild
& Co. in the Global Advisory team, where he worked for 25 years
until September 2018. During this time, Andrew advised governments,
private and listed companies and joint ventures on strategy,
fundraisings, debt financings, mergers, on and off-market
acquisitions, disposals and restructurings. He currently acts a
non-executive director of several private companies and voluntary
organisations and as a consultant to Berkeley Research Group.
Andrew has a BA & MA in Natural Sciences from the University
of Cambridge.
Statement from Steven McTiernan, Chair of
Kenmare:“It has been an honour to be Chair of Kenmare, and
I leave the Company in a strong position. Since joining the Board
in 2013, and becoming Chairman in 2014, Kenmare has transformed and
matured significantly and is now ideally placed to prosper in the
decades ahead, with a clear strategy and first-class leadership
team.
I am privileged to have worked with such a talented and
committed team who have positioned the business to continue to
perform strongly. I am delighted to welcome Andrew to the Board and
look forward to working with him to ensure a smooth
transition.”
Statement from Michael Carvill, Managing Director of
Kenmare:"On behalf of the Board, and the entire Group, I
would like to extend our gratitude to Steven for his outstanding
contribution, providing constructive challenge and incredible
support during a period of significant change for the business. His
experience, wise counsel, and commitment to the highest standards
of corporate governance have been vital in Kenmare’s success and we
wish him well for the future. Andrew's appointment will enable a
smooth transition ahead of Steven completing his nine-year tenure
as a Director. "Statement from Andrew
Webb, Chair designate
of Kenmare:“It is an exciting time to be joining
Kenmare and I am very much looking forward to working with the
Board and the wider team. I am delighted to have the opportunity to
play a role in driving the future success of the business for all
our stakeholders.”
UK Listing Rule 9.6.13 DisclosureMr Webb is the
sole director of Alysium Consulting Limited, a company incorporated
in England, which was placed into creditors’ voluntary liquidation
pursuant to a resolution of its members passed on 31 March
2021.
There are no other matters in respect of Mr. Webb requiring
disclosure under UK Listing Rules 9.6.13(1) to 9.6.13(6)
inclusive.
For further information, please contact:
Kenmare Resources plcJeremy DibbCorporate
Development & Investor
Relationsir@kenmareresources.comTel: +353 1 671 0411Mob: +353 87
943 0367
Murray (PR advisor)Joe HeronTel: +353 1 498
0300Mob: +353 87 690 9735
About Kenmare Resources
Kenmare Resources plc is one of the world's
largest producers of mineral sands products. Listed on the London
Stock Exchange and the Euronext Dublin, Kenmare operates the Moma
Titanium Minerals Mine in Mozambique. Moma's production accounts
for approximately 5% of global titanium feedstocks and the Company
supplies to customers operating in more than 15 countries. Kenmare
produces raw materials that are ultimately consumed in everyday
"quality-of life" items such as paints, plastics and ceramic
tiles.
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