Financial Director to Retire / Directorate Change Announcement under LR 9.6.11
19 Maio 2022 - 3:00AM
Financial Director to Retire / Directorate Change Announcement
under LR 9.6.11
Kenmare Resources plc
(“Kenmare” or “the Company”)
19 May 2022
Financial Director to Retire /
Directorate Change Announcement under LR 9.6.11
Kenmare Resources plc (LSE:KMR, ISE:KMR), one of
the leading global producers of titanium minerals and zircon, which
operates the Moma Titanium Minerals Mine (the "Mine" or "Moma") in
northern Mozambique, announces that Tony McCluskey, Financial
Director, has informed the Board that after 30 years with the
Company he wishes to retire. Subject to reappointment at the Annual
General Meeting on 26 May, it is expected that Tony will step down
from the Board and his executive role later this year at a time to
be agreed.
Tony joined Kenmare in 1991 as Company Secretary
and Financial Controller and was appointed to the Board as
Financial Director in 1999.
As part of the Company's succession planning,
Kenmare’s Nomination Committee has commenced a process to find
Tony’s successor and will consider both internal and external
candidates. The result of this process will be announced in due
course.
Statement from Tony McCluskey, Financial
Director:
“I have enjoyed my journey with Kenmare
enormously since the very early days and I feel that now is the
right time to step down from the Board as Financial Director. In
2021 the Company delivered a record financial performance and the
fundamentals of the business have never been stronger. I will miss
working with all my friends and colleagues in Kenmare deeply, and I
feel confident that the Company is now well-positioned to seize the
opportunities that lie ahead. I am looking forward to spending more
time with my family and pursuing other interests, and I will
continue to follow Kenmare’s progress with pride.”
Statement from Michael Carvill, Managing
Director:
"Tony has played a pivotal role in the
development of Kenmare over more than 30 years, helping to
establish the Company as the largest supplier of ilmenite in the
world. We thank him for his tremendous contribution to the
Company’s success over this extended period, particularly to lender
negotiations. He leaves Kenmare in robust financial health. It is
rare to have the opportunity to work alongside someone for as long
as we have with each other and I wish Tony the very best for the
next chapter of his life. We have commenced the process of
identifying Tony’s successor and we are pleased to be retaining his
skills and experience within the business during this period to
ensure a smooth transition."
For further information, please contact:
Kenmare Resources plc
Jeremy Dibb / Katharine Sutton
Investor Relations
ir@kenmareresources.com
Tel: +353 1 671 0411
Mob: +353 87 943 0367 / +353 87 663 0875
Murray (PR advisor)
Doug Keatinge
dkeatinge@murraygroup.ie
Tel: +353 1 498 0300
Mob: +353 86 037 4163
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 8% of global titanium feedstocks and the Group
supplies to customers 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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