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Berkeley Mineral Resources Chairman Resigns For Health Reasons

Mon, 20th Oct 2014 08:23

LONDON (Alliance News) - Berkeley Mineral Resources PLC on Monday said its executive chairman has stepped down for health reasons.

Berkeley said it is in advanced talks to secure a new executive chairman after Masoud Alikhani resigned from the board on Friday. Mark Wainwright, a non-executive director, will be acting Chairman and Chief Executive.

"I would like to express the board's sincere gratitude to Masoud for his leadership of the Company and his valuable contribution over many years and to wish him well for the future," Wainwright said.

Berkeley shares were down 2.2% to 1.247 pence on Monday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2014 Alliance News Limited. All Rights Reserved.

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