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LONDON (Alliance News) - Chesterfield Resources PLC said Friday it has appointed Martin French as its new executive chairman with immediate effect.
French replaces Non-Executive Chairman Christopher Hall, who has stepped down from the board on the appointment of French. French is a former managing director of North River Resources PLC, between 2012 and 2015.
"Chesterfield is a new and exciting project, with an unusually talented team," French said. "I am looking forward to representing our shareholders to run an efficient, expeditious and goal-oriented company.
"I would like to thank Christopher Hall warmly on behalf of everyone at Chesterfield for his contribution. We wish him well for the future."
French holds 3.0 million shares or a 4.8% stake in Chesterfield. He also holds 1.2 million warrants and has been granted 1.4 million shares options on his appointment as chairman which are exercisable for five years at 11.25 pence per share.
Shares in Chesterfield were untraded on Friday, last quoted at 5.55p apiece.