Kenmare Resources Appointment Of Non-Executive Director And Chair Designate
December 03 2021 - 2:00AM
UK Regulatory
TIDMKMR
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 McTiernan
Steven 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 Webb
Andrew 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 Disclosure
Mr 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 plc
Jeremy Dibb
Corporate Development & Investor Relations
ir@kenmareresources.com
https://www.globenewswire.com/Tracker?data=d0nQecgi77AETkP3lG48dNV_BWGHFSfcBdvvMaTtTZg_ozxWnehiNZCJ5IbO4QhnXJc7syMisOS-2X16GLBs0m5zh22glaAM6_-Hw0aRiJF3exd9xIzWLAdgbiAjGvQgif8RxO9YfAcxHfYxvVSgJmiKPW9SzmiHRoUnhQS1QGdGvsdV6J6A-bTaHZSwT1iGcMLg7xKWL-NyZJjySkCr2ZsWo4G3jqDOo1x02ZhZhbLPZRqeotlmLOeMO_BetqZqV8-8PR-JXntfsmB49X-z2tUbCyj5qpQKa-a5oS-9QX6OIxZeej7xcicZ7qbUDDr4t-NzSZuw3Ob0yzsuJjIWAdfQ6x69CDpL1Bdgtvs-58j13x6fGMo9508LaJ4WT_6PvRuL5ajhBOunb_u_J4fcrUxASrEiBpG3mAw0JHBCysWu-FnGHKkJFrmUMGHfpFRTRjgB-cyk8CSUW3XWJsGbX5zTbd_AsdbA-Vwxi8BN8uIPxlD4A_HlGhuimhg7yrFk
Tel: +353 1 671 0411
Mob: +353 87 943 0367
Murray (PR advisor)
Joe Heron
Tel: +353 1 498 0300
Mob: +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.
(END) Dow Jones Newswires
December 03, 2021 02:00 ET (07:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Kenmare Resources (LSE:KMR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Kenmare Resources (LSE:KMR)
Historical Stock Chart
From Jul 2023 to Jul 2024