Street Calls of the Week
LONDON - Kavango Resources PLC (LSE:KAV.L, VFEX:KAV.VX) announced Wednesday that CEO Ben Turney has departed his position and role as director with immediate effect.
Executive Chairman Peter Wynter Bee will serve as interim CEO while the company searches for a permanent replacement. Non-executive director Donald McAlister will temporarily assume the CFO position, and Gautam Dalal will take over as chairman of the Audit Committee.
McAlister brings significant Zimbabwe experience to his interim role, having previously served as Finance Director at Reunion Mining PLC and Mwana Africa PLC. He also held 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," said Wynter Bee in the company statement.
Wynter Bee added that he, McAlister, and fellow director Hillary Gumbo previously worked together at Reunion Mining, which developed mines in Zimbabwe and Zambia before being acquired by Anglo American in 1999.
The mining exploration company, which has operations in Zimbabwe, made the announcement in a press release statement authorized by Wynter Bee.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.