Centamin PLC Retirement of Non-Executive Director (2854F)
February 19 2018 - 6:55AM
UK Regulatory
TIDMCEY
RNS Number : 2854F
Centamin PLC
19 February 2018
For immediate 19 February 2018
release
Centamin plc ("Centamin" or "the Company")
(LSE:CEY, TSX:CEE)
Retirement of Non-Executive Director
Centamin announces that Trevor Schultz, a Non-Executive
Director, has notified the Company of his intention to retire at
the forthcoming Annual General Meeting, to be held on 26 March
2018.
Trevor joined the Company in 2008 as Executive Director of
Operations to build the Sukari Gold Mine Stage 1 4Mtpa processing
plant, which was successfully delivered on time and on budget. Over
the subsequent six years Trevor was responsible for the staged
expansion of the processing capacity to today's steady state 12Mtpa
operation. In 2014, Trevor transitioned from executive to
non-executive director serving as Chairman of the Health, Safety
and Environmental committee.
Following Trevor's retirement, the Centamin board will comprise
of seven members; three executives and four independent
non-executives. As part of the ongoing commitment to achieving the
highest standards of corporate governance, and a prudent exercise
as the Company transitions into the next stage of growth, the
Company is conducting a comprehensive board evaluation ensuring we
have the optimal composition, skill set and experience.
Josef El-Raghy, Chairman commented:
"Trevor has been a trusted and respected mentor and a colleague
to us all. We would like to take this opportunity to thank him for
his unwavering commitment and leadership which has resulted in
building Egypt's first modern gold mine and a top 20 gold mine
worldwide. Employees of Centamin, the Arab Republic of Egypt and
Centamin shareholders have all benefited greatly from Trevor's time
with the Company and that benefit will continue into the
future."
This announcement contains ongoing regulated information.
For more information, please contact:
Centamin plc Buchanan
Andrew Pardey, CEO Bobby Morse
Alexandra Carse, Investor Relations Chris Judd
+44 (0) 7700 713 738 Patrick Hanrahan
alexandra.carse@centamin.je + 44 (0) 20 7466 5000
centamin@buchanan.uk.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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