Oriole Resources plc chief executive officer Timothy Livesey has stepped down and left the board, with effect from end of 30 April, to focus on his other business interests.
His replacement is Martin Rosser who joined the board on 1 May 2024.
Mr Livesey was pivotal in reinvigorating Oriole’s strategic direction which led to the discovery of a potential new gold district in Cameroon.
Additionally, the exploration programmes in Cameroon resulted in the earn-in agreements for the Bibemi and Mbe projects.
“On behalf of the board, I would like to express my sincere thanks to Tim for his hard work and dedication over the years – he has had a hugely positive impact on the company, “said chair Eileen Carr.
“Tim was instrumental in Oriole’s move into Cameroon and the work carried out by the team, to date, has provided significant value to all stakeholders.
“He leaves the company in a robust position and with a bright future and we wish him great success with his future endeavours.”
New CEO Mr Rosser has more than 40 years’ expertise in the natural resources sector, including as CEO of Alexander Mining plc for 13 years. He has also worked as a corporate financier and mining analyst.
He has also been a board non-executive director of Afriore Ltd and acted as managing director of what is now known as VSA Capital plc.
Mr Rosser holds a BSc in Mining Engineering from and associateship of the Camborne School of Mines.
He is also a Fellow of the Institute of Materials, Minerals and Mining, and a chartered engineer.
Mr Rosser holds no ordinary shares or options in Oriole.