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LONDON - Kavango Resources PLC (LSE:KAV.L and VFEX:KAV.VX) announced Monday that CEO Ben Turney has departed from his position and the company’s board with immediate effect.
Executive Chairman Peter Wynter Bee will serve as interim CEO while the company searches for a permanent replacement, according to a press release statement. Non-executive director Donald McAlister will temporarily assume the CFO role, while Gautam Dalal will chair the Audit Committee.
McAlister brings significant Zimbabwe experience to his interim position, having previously served as Finance Director at both Reunion Mining PLC and Mwana Africa PLC. His background includes board positions at Freda Rebecca Gold Mine and Bindura Nickel Corporation.
"Over the last three and a half years, Ben has brought the company into Zimbabwe, a great country in which to do business with a highly skilled workforce. He has taken the company to a Referral Listing on the Victoria Falls Stock Exchange," Wynter Bee said in the announcement.
Wynter Bee noted that he, McAlister, and fellow director Hillary Gumbo previously worked together at Reunion Mining plc, which developed mines in Zimbabwe and Zambia before being acquired by Anglo American plc in 1999.
"We have a strong team with the expertise and knowledge to help realise the full potential of our assets for the benefit of all stakeholders," added Wynter Bee.
The company’s announcement was a correction to an earlier release from October 22, which contained an incorrect email address in the contact information.
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