Anglesey Mining plc shareholders voted against re-electing chairman and director John Kearney after his nearly 30 years’ service with the group.
INSTRUMENTAL
At the company’s general meeting on 27 October, the resolution to re-appoint him received 93,533,645 votes in favour, 103,058,404 against with 256,302 withheld.
Non-executive director Andrew King will act as interim chairman while a formal process begins to appoint a permanent successor.
Finance director Danesh Varma said: “On behalf of the board and colleagues at Anglesey Mining, I would like to thank John for his highly significant contribution to Anglesey Mining during his tenure as chair and for his support to me personally.
“John has played an instrumental role in the life of the group over the past 29 years and will be sorely missed.”
Mr Kearney is chairman of the company’s investee (12%) Labrador Iron Mines Holdings Ltd, Canada and a director of joint venture partner Grangesberg Iron AB in Sweden.
Anglesey Mining also needs to find a new chief executive officer after Jonathan Battershill leaves at the end of this year for a new position.