Central Asia Metals plc chief executive officer Nigel Robinson is to step down, effective from 1 October.
CHALLENGING
His successor will be chief financial officer Gavin Ferrar who has been with the company for 10 years.
Executive director of corporate development Louise Wrathall will become CFO on the same date, while retaining focus on business development and investor relations.
Mr Robinson will remain a board executive director to support Mr Farrar and Ms Wrathall until 1 April 2025, when he will become a board non-executive director.
“It has been a privilege to have been an executive director of CAML for over 15 years, nine years as CFO and over six years as CEO,” said Mr Robinson.
“During that time, we have achieved a lot and I have been proud to be part of a successful team that has taken a small, private mining company in early 2009 through a public listing in 2010, the successful construction of the Kounrad project and the subsequent purchase and further development of the Sasa mine in North Macedonia.
“Together, we have grown the business to one that generates strong financial returns and is underpinned by a robust balance sheet and safe operations.
“Whilst it has been a challenging journey at times, it has also been thoroughly enjoyable and I am grateful to the CAML directors for their overwhelming support.
“Over the past 15 years we have built a great team, both in the UK and overseas, and now employ in excess of 1,000 people, and I would like to take this opportunity to thank each and every one of them for their hard work, dedication and loyalty.”
Non-executive chairman Nick Clarke added: “I want to express my gratitude to Nigel for his hard work and dedication in his CEO role,”
“Nigel has led CAML through some challenging but ultimately very successful years, during which time he has overseen the integration of the Sasa mine, which we acquired immediately prior to his appointment, and its subsequent capital investments, which will be concluded before the end of his tenure as CEO.”
The news follows the departures earlier this year of non-executive directors Nurlan Zhakupov and Robert Cathery.
Focused on Kazakhstan and North Macedonia, Central Asia recently acquired a 28.7% stake in Aberdeen Minerals.