Kavango Resources plc (LSE:KAV) wishes to announce that Mr Michael Foster has given notice that he will retire as non-executive director of the Company on 31 December 2021, which coincides with the Company’s financial year-end.
Mr Foster joined the Company as Chief Executive prior to its admission to the Official List in 2018 and helped guide the Company through the IPO process and was instrumental in setting up the Company’s operations in Botswana. He stepped down as CEO on 30 June this year and has assisted Ben Turney in his role as CEO.
Mr Foster also was integral in the recruitment of Brett Grist, who will join the Company’s board of directors as Chief Operating Officer on 07 February 2022.
David Smith, Kavango’s Chairman, said: “We’d like to thank Michael for the contribution he has made to the establishment and development of the Company since setting it up and taking on the responsibilities of CEO in its formative years. We wish him well for the future. These are exciting times for Kavango and we are confident that our CEO Ben Turney will continue the development of the Company into a leading exploration firm in Botswana.”
Michael Foster commented: “After over 40 years in the mineral exploration, mining and corporate finance business I would like to thank all those around the globe with whom I have been involved during this time for what has been a rewarding, productive and enjoyable career. I am happy that I am leaving the Company in good hands and wish the Company and all who work within it all the very best in 2022 and beyond.”
For further information please contact:
Kavango Resources plc
First Equity (Joint Broker)
+44 207 374 2212
SI Capital Limited (Joint Broker)
+44 1483 413500